schemes with significant sectoral differences in carbon prices and may be difficult to scale up on political and … administrative grounds. This paper discusses an alternative framework consisting of: (i) a comprehensive carbon price (ideally a tax … its COP26 presidency to promote dialogue on international carbon price floors and pricing of international transport …

optimal carbon price minimizes the discounted social cost of the transition to clean capital, but imposes immediate private … feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible …. A phased-in carbon price can avoid stranded assets but still result in a drop of income for the owners of polluting …