Niklas Döbbeling-Hildebrandt, Klaas Miersch, Tarun M Khanna, Marion Bachelet, Stephan B Bruns, Max Callaghan, Ottmar Edenhofer, Christian Flachsland, Piers M Forster, Matthias Kalkuhl, Nicolas Koch, William F Lamb, Nils Ohlendorf, Jan Christoph Steckel, Jan C Minx
Today, more than 70 carbon pricing schemes have been implemented around the globe, but their contributions to emissions reductions remains a subject of heated debate in science and policy. Here we assess the effectiveness of carbon pricing in reducing emissions using a rigorous, machine-learning assisted systematic review and meta-analysis. Based on 483 effect sizes extracted from 80 causal ex-post evaluations across 21 carbon pricing schemes, we find that introducing a carbon price has yielded immediate and substantial emission reductions for at least 17 of these policies, despite the low level of prices in most instances...
May 16, 2024: Nature Communications