02540cas a2200313 a 4500 AALejournalIMF023097 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400212307 2789-0600 BD-DhAAL BD-DhAAL Parry, Ian. Carbon Taxes or Emissions Trading Systems? : Instrument Choice and Design / Ian Parry, Simon Black, Karlygash Zhunussova. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (25 pages) Staff Climate Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Carbon pricing should be a central element of climate mitigation strategies, helping countries transition to 'net zero' greenhouse gas emissions over the next three decades. Policymakers considering introducing or scaling up carbon pricing face technical choices between carbon taxes and emissions trading systems (ETSs) and in their design. This includes administration, price levels, relation to other mitigation instruments, use of revenues to address efficiency and distributional objectives, supporting measures to address competitiveness concerns, extension to broader emissions sources, and coordination at the global level. Political economy considerations also affect the choice and design of instruments. This paper discusses such issues in the choice between and design of carbon taxes and ETSs, providing guidance, broader considerations, and quantitative analyses. Overall, carbon taxes have significant practical advantages over ETSs (especially for developing countries) due to ease of administration, price certainty to promote investment, the potential to raise significant revenues, and coverage of broader emissions sources-but ETSs can have significant political economy advantages. Mode of access: Internet Foreign Exchange imf Informal Economy imf Nonrenewable Resources and Conservation imf Underground Econom imf Black, Simon. Zhunussova, Karlygash. Staff Climate Notes; Staff Climate Note ; No 2022/006 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2789-0600&volume=2022&issue=006 IMF e-Library