Carbon markets, carbon taxes and, more generally, taxes on energy are considered to be major levers to encourage private actors to change their behaviour and to make the necessary investments. However, this lever must be used with caution, as the Yellow Vests Protests in France served to remind us, when actors are unable to rapidly reduce their energy consumption and do not have the capacity to invest in alternatives.
I4CE provides data on carbon taxes and markets around the world and analyses how governments are using the revenues from these schemes, which now amount to $100 billion a year. The Institute also analyses energy tax exemptions for many sectors.
