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Constant carbon pricing increases support for climate action compared to ramping up costs over time

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  • Michael M. Bechtel

    (Washington University in St. Louis
    Swiss Institute for International Economics and Applied Economic Research)

  • Kenneth F. Scheve

    (Yale University)

  • Elisabeth Lieshout

    (Stanford University)

Abstract

The introduction of policies that increase the price of carbon is central to limiting the adverse effects of global warming. Conventional wisdom holds that, of the possible cost paths, gradually raising costs relating to climate action will receive the most public support. Here, we explore mass support for dynamic cost paths in four major economies (France, Germany, the United Kingdom and the United States). We find that, for a given level of average costs, increasing cost paths receive little support whereas constant cost schedules are backed by majorities in all countries irrespective of whether those average costs are low or high. Experimental evidence indicates that constant cost paths significantly reduce opposition to climate action relative to increasing cost paths. Preferences for climate cost paths are related to the time horizons of individuals and their desire to smooth consumption over time.

Suggested Citation

  • Michael M. Bechtel & Kenneth F. Scheve & Elisabeth Lieshout, 2020. "Constant carbon pricing increases support for climate action compared to ramping up costs over time," Nature Climate Change, Nature, vol. 10(11), pages 1004-1009, November.
    • Handle: RePEc:nat:natcli:v:10:y:2020:i:11:d:10.1038_s41558-020-00914-6
    DOI: 10.1038/s41558-020-00914-6
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    Cited by:

    1. Carlos Alós-Ferrer & Michele Garagnani, 2022. "Who likes it more? Using response times to elicit group preferences in surveys," ECON - Working Papers 422, Department of Economics - University of Zurich.
    2. Michael M. Bechtel & Kenneth F. Scheve & Elisabeth Lieshout, 2022. "Improving public support for climate action through multilateralism," Nature Communications, Nature, vol. 13(1), pages 1-9, December.
    3. Angrist, Noam & Winseck, Kevin & Patrinos, Harry Anthony & Zivin, Joshua Graff, 2023. "Human Capital and Climate Change," GLO Discussion Paper Series 1246, Global Labor Organization (GLO).
    4. Kantorowicz, Jaroslaw & Collewet, Marion & DiGiuseppe, Matthew & Vrijburg, Hendrik, 2024. "How to finance green investments? The role of public debt," Energy Policy, Elsevier, vol. 184(C).
    5. Silvi, Mariateresa & Padilla Rosa, Emilio, 2023. "A tragedy of the horizons? An intertemporal perspective on public support for carbon taxes," Energy Economics, Elsevier, vol. 125(C).
    6. Rachel Myrick, 2024. "Public Reactions to Secret Negotiations in International Politics," Journal of Conflict Resolution, Peace Science Society (International), vol. 68(4), pages 703-729, April.

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