The past few years there is renewed and increasing attention to policy tools that put a price on Greenhouse Gas (GHG) emissions by adopting carbon taxes. About 50% of the Nationally Determined Contributions (NDCs) pledged by governments under the Paris Agreement mention carbon pricing as a cost-effective tool for meeting climate goals.
Currently, carbon taxes span multiple sectors and incorporate new elements, indicating their ability to adjust to various policy objectives and national backgrounds. The comprehensiveness of carbon taxes also indicates that decision makers need to have a clear view of the available options and how these options fit into a jurisdiction’s context and objective.
This course aims to provide attendees with an understanding of economic theory and practice relevant to designing and implementing carbon pricing and relevant policies.
Topics will include the basic economic theories of tool choice and efficient regulation of externalities, the economics of carbon markets such as emissions trading and other instruments, and the practical implementation and reform of carbon pricing schemes.
Attendees will leave the course with a solid foundation of how carbon pricing works and the ability to assess its impact on society and businesses.
What you will learn?
- Have the understanding and knowledge of the most critical theories and carbon pricing concepts
- Know how to describe and evaluate the design of carbon pricing schemes
- Learn about future trends in carbon pricing development
- Find out the advantages and disadvantages of carbon taxes and carbon markets
- Find out about the regulations on the international and national level
How it works?
13th – 15th October 2022
The online training will take place over 3 days and it will be lasting 3 hours.
The session will be recorded and sent out to all registered delegates.
Once you’ve registered for the training, we will email you with all information and login credentials.
Introduction to Global Energy transition
– Climate Change – Financial risks and opportunities
– Paris agreement
– What are the goals
– How progress is being tracked
– Long-Term Strategies
– What has been achieved so far
Carbon Crediting Mechanisms
– Define Carbon Credits
– Pros and Cons of Carbon Trading
– Kyoto Protocol mechanisms
– Clean Development Mechanism
– Joint Implementation
– International Emissions Trading
Session 2, 3h
Introduction to carbon pricing
– Carbon pricing in theory
– Carbon markets
– Carbon taxes
– Problems and solutions
International carbon markets and the future of carbon pricing
– Modelling carbon prices and market behaviour
– Managing carbon risk – industry perspective
Session 3, 3h
– Context of the carbon tax
– The structure of the tax
– Why and when to use them
– Key design decisions
– Avoiding unwanted effects of the carbon tax
Carbon trading policies
– What is carbon trading, and how does it work?
– Carbon trading regulations: national, regional, and international
– Countries with carbon trading schemes
The agenda will combine presented materials with plenty of opportunities for Q&A, interactive discussions, and the use of quantitative models to illustrate key learning points. Current market examples and data are utilized wherever helpful.
After successful completion of this training, you will be awarded a Certificate of Attendance.