Summary
The report argues that carbon pricing is a vital but insufficient tool for climate action and must be integrated into a broader policy mix. It advocates for absolute emission caps, the elimination of free allowances, and the reinvestment of revenues into public climate benefits. The document strongly warns against the use of carbon offsets and credits, which it claims undermine environmental integrity and allow polluters to avoid real reductions. It also addresses the 'carbon leakage' myth, suggesting that the risks are often overestimated and used to justify policies that lock in polluting industries.
Key insights
- Carbon pricing should be part of a comprehensive policy package that includes clear climate goals, fossil fuel phase-outs, and incentives for renewable energy and energy efficiency.
- Free allowances, discounts, and subsidies weaken the price signal and can lead to windfall profits for polluting companies, as seen in the EU's heavy industry.
- Carbon leakage is largely a theoretical risk with little historical evidence of large-scale occurrence; an OECD study indicated that leakage through international trade offset only about 13% of domestic reductions.
- Carbon offsets and credits cannot replace direct emission reductions and often lead to 'greenwashing'; for example, in the K-ETS, some stove projects overestimated emission reductions by more than 18 times the actual value.
- Revenues from carbon pricing must be transparently earmarked for public interest and climate action, such as energy efficiency and protecting vulnerable communities, to avoid being absorbed into general budgets.
Cite the original document
- APA
- Tamellini, L., & Marullaz, J. (n.d.). 引領碳定價 步上正軌. Carbon Market Watch. https://carbonmarketwatch.org/wp-content/uploads/2026/06/Carbon-princing-done-right_CH_compressed-1.pdf
- Chicago
- Tamellini, Lidia, and Jeanne Marullaz. 引領碳定價 步上正軌. Carbon Market Watch, n.d. https://carbonmarketwatch.org/wp-content/uploads/2026/06/Carbon-princing-done-right_CH_compressed-1.pdf.
- Wikipedia
- {{cite report |last1=Tamellini |first1=Lidia |last2=Marullaz |first2=Jeanne |title=引領碳定價 步上正軌 |publisher=Carbon Market Watch |url=https://carbonmarketwatch.org/wp-content/uploads/2026/06/Carbon-princing-done-right_CH_compressed-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{tamellinind, author = {Tamellini, Lidia and Marullaz, Jeanne}, title = {{引領碳定價 步上正軌}}, institution = {Carbon Market Watch}, url = {https://carbonmarketwatch.org/wp-content/uploads/2026/06/Carbon-princing-done-right_CH_compressed-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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