Carbon Tax and Regulation

Carbon Tax and Regulation

Amit Kara

30 years: Macroeconomist

In this video on the macroeconomics of climate change, Amit Kara touches on the different types of interventions that the government can introduce. The key focus of this video is government policy and understanding how these decisions could be crucial in limiting global warming.

In this video on the macroeconomics of climate change, Amit Kara touches on the different types of interventions that the government can introduce. The key focus of this video is government policy and understanding how these decisions could be crucial in limiting global warming.

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Carbon Tax and Regulation

13 mins 36 secs

Overview

The climate crisis is so large and urgent that a single instrument such as a carbon tax, will not by itself achieve the necessary reduction in emissions. If we are to limit global warming to less than 2 degree celsius, governments will need to supplement carbon taxes with ambitious new regulations and other creative measures.

Key learning objectives:

  • Understand the cap and trade system

  • Understand the different types of interventions that the government can introduce

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Summary
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Expert
Amit Kara

Amit Kara

Amit is Associate Research Director for Global Macroeconomic Analysis at NIESR. He is a macroeconomist with experience in central banking, investment banking, commercial banking and corporate credit rating. He has most recently worked at HSBC where he helped design the forward economic guidance input for IFRS 9. Amit is currently working on two substantial research projects related to the macroeconomic impact of climate change.

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