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Supporting carbon pricing when interest rates are higher

Author

Listed:
  • F. Funke

    (Technical University Berlin
    Potsdam Institute for Climate Impact Research — member of the Leibniz Association)

  • L. Mattauch

    (Technical University Berlin
    Potsdam Institute for Climate Impact Research — member of the Leibniz Association)

  • T. Douenne

    (University of Amsterdam)

  • A. Fabre

    (Centre National de la Recherche Scientifique (CNRS)
    Centre International de Recherche sur l’Environnement et le Développement (CIRED))

  • J. E. Stiglitz

    (Columbia University)

Abstract

To accept carbon pricing, citizens desire viable alternatives to fossil fuel-based options. As inflation and higher interest rates have exacerbated access barriers for capital-intensive green substitutes, the political success of carbon pricing will be measured by how well policy design enables consumers to switch.

Suggested Citation

  • F. Funke & L. Mattauch & T. Douenne & A. Fabre & J. E. Stiglitz, 2024. "Supporting carbon pricing when interest rates are higher," Nature Climate Change, Nature, vol. 14(7), pages 665-667, July.
    • Handle: RePEc:nat:natcli:v:14:y:2024:i:7:d:10.1038_s41558-024-02040-z
    DOI: 10.1038/s41558-024-02040-z
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