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Home / Economic Instruments for Long-term Reductions in Energy-based Carbon Emissions / Energy Based Carbon Emissions – Section 13

Energy Based Carbon Emissions – Section 13

Economic Instruments for Long-term Reductions in Energy-based Carbon Emissions

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13. A Supporting Suite of Coordinated Economic Instruments

The coordinated transition strategy described above demands a coordinated and synergistic set of supporting economic instruments. Adopted as a suite, these would support each technology through its present stage of development and prepare the subsequent additional technology for commercialization and uptake.
Coordinated Suite of Economic Instruments

TECHNOLOGY
RECOMMENDED INSTRUMENTS
 
Broad based

Targeted
Long-term support
Mature:Already in market at competitive price
1.Emissions
charge or tradeable permit (supported by targeted relief)
1.Performance-based instruments2. Technology-based instruments (e.g., CCA*)
R&D subsidies and investment incentives
Emerging: In the product commercialization/market development or market-ready stages, but face cost differential with incumbent technologies and need for learning by doing.
1.
Market-based regulations (e.g., portfolio standards) and/or 2. Subsidies (e.g., production incentives)		  
Longer-term
new: In the fundamental research/prototype stage; Large technical challenges remain and there is a large cost differential with incumbents.
R&D
subsidies and investment incentives
   
The recommendations made above in relation to the three case studies should be adopted as a coordinated suite, from the short term to the long term, to enable the maximum benefit to be derived from the technologies at the most appropriate point in their projected development, and to mitigate any discontinuity in the implementation of the economic instruments.