The Trade-offs Involved in Introducing Broad Carbon Pricing - Prices and Incomes

Turner, Karen and Katris, Antonios and Corbett, Hannah (2023) The Trade-offs Involved in Introducing Broad Carbon Pricing - Prices and Incomes. University of Strathclyde, Glasgow.

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Abstract

Extending carbon pricing across the UK economy could deliver substantial reductions in carbon emissions. However, there will be trade-offs and policy challenges in managing likely regressive impacts on the cost-of-living and avoiding real income and activity losses across all sectors.