Seminar: Pricing carbon

We study the variation of carbon price recommendations and their determinants using survey evidence from more than 400 experts across almost 40 countries. We quantify the extent of disagreement and reveal that a majority of experts can agree on short- and medium-term global carbon price levels, and on unilateral carbon price levels in most countries. We find little evidence for free-riding on carbon pricing and document that border carbon adjustment facilitates higher price recommendations and fosters agreement on carbon prices. We show how recommendations vary with country and expert characteristics and additional survey responses, such as on policy design issues.