CELG Seminar: How Effective are Pricing Instruments in Reducing CO2 Emissions? Some Empirical Evidence
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The College of Economics, Law and Government would like to respectfully invite lecturers/researchers to come and share your experiences at the CELG seminar:
- Topic: How Effective are Pricing Instruments in Reducing CO2 Emissions? Some Empirical Evidence
- Presenter: Dr. Govinda R Timilsina, Senior Research Economist, Development Research Group, World Bank
- Time: 10:30 AM (Vietnam), 26th May 2023
- Location: Room B1-1001, 279 Nguyen Tri Phuong St, Ward 5, Dist 10, HCMC
The pricing instruments are important vehicles to reduce greenhouse gas (GHG) emissions. Examples of these instruments include carbon taxes, emission trading systems, other taxes on fossil fuels, feed-in-tariffs and the removal of fossil fuel subsidies. Pricing instruments are gaining momentum worldwide and are included in the packages of policy instruments considered by most of Paris Agreement parties to achieve their nationally determined contributions. Many countries, including developing countries, have implemented multiple pricing instruments, such as carbon tax, feed in tariff, renewable energy mandates and emission trading schemes. In some countries, these instruments are in place for the last three decades. However, some questions have not been conclusively answered yet. For example, have the pricing instruments implemented in practice produced expected results in mitigating GHG emissions? If not, why? This presentation attempts to answer the first question by reviewing empirical evidence presented in the literature. It also explains the second question by analyzing political, institutional, and technical barriers faced by the pricing instruments.
About presenter:
Dr. Timilsina is a Senior Research Economist at the Development Research Group of the World Bank, Washington, DC. He has almost 25 years of experience across a broad range of energy and climate change economics and policies at the international level. His key expertise includes carbon pricing, climate change mitigation, renewable energy, electricity economics, general equilibrium & energy sector modeling, and urban transportation & infrastructure economics. Prior to joining the Bank, Dr. Timilsina was a Senior Research Director at the Canadian Energy Research Institute, Calgary, Canada. At present, he is leading a number of studies, including carbon pricing for developing countries, infrastructure and economic growth, and electricity economics.
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