What explains carbon-pricing variation between countries?

摘要: Abstract Economists generally view carbon pricing as an efficient policy to address externalities from energy use, but political feasibility can be a persistent issue. This paper aims comprehensively consider underlying factors contributing carbon-pricing magnitude including environmental, social, political, and economic variables. We use the between estimator focus on exogenous variables explain continuous for global sample of countries. find that larger coal reserves per capita have negative effect log product carbon-price levels coverage. Control corruption is key governance variable positively associated with outcomes. Another important dimension degree globalisation. For resources, there evidence stocks domestic credit help enable pricing. There some climate change awareness pricing, proportion perceiving serious threat negatively Our results complement case study approaches design local contexts.