Name: student ID: IMPACT OF CARBON PRICES AND FUEL PRICES ON

Name:
student ID:
IMPACT OF CARBON PRICES AND FUEL PRICES ON INDUSTRY
COMPETITIVENESS

Carbon pricing: According to Ranson and Stavins (2016),carbon pricing is an instrument capturing
the external greenhouse gas emission costs like healthcare costs from droughts
and heat waves and property loss from rise in sea level and flood.
 Carbon pricing assists in transferring the damage from greenhouse gas emissions
to those accountable for the same along with having the ability to avoid it
Impact of carbon and fuel pricing on industry
competitiveness:
 Its makes the polluter to pay extra principle supports carbon and fuel pricing and
its enforcement is meant in order to account the damage cost owing to
greenhouse gas emissions and the playing field is tilted from emission-intensive
activities to low-carbon solutions.
 It fails an organization in maintaining its market share
 it affects investment and production decisions
 A few sectors are controlled by fossil fuel production, consumption and processing
and these sectors would contract under carbon pricing (Branger and Quirion 2013).