John C.V. Pezzey

Working paper

Where in the world is it cheapest to cut carbon emissions? Ranking countries by total and marginal cost of abatement

Countries with low marginal costs of abating carbon emissions may have high total costs, and vice versa, for a given climate mitigation policy. This may help to explain different countries' policy stances on climate mitigation. We hypothesize that, under a common percentage cut in emissions...

Fiddling while carbon burns: why climate policy needs pervasive emission pricing as well as technology promotion

This paper reviews the typical elements of a technology-focused climate policy (currently adopted by the USA and Australia under the umbrella of Asia-Pacific Partnership on Clean Development and Climate-AP6) against the elements of an effective and efficient ideal climate policy. It argues that the technology-focused...