Thesis

An analysis of UK climate change policy institutions and instruments

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Awarding institution
  • University of Strathclyde
Date of award
  • 2012
Thesis identifier
  • T13367
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Abstract
  • Domestic action on climate change requires a combination of solutions, in terms of institutions and policy instruments. I critically assess the Committee on Climate Change (CCC), an independent body which was created in 2008. I look at the motivation for its creation and in particular its ability to overcome a time-inconsistency problem by comparing it to another independent body, the Monetary Policy Committee of the Bank of England. In practice the CCC appears to be the 'inverse' of the Monetary Policy Committee, in that it advises on what the policy goal should be rather than being held responsible for achieving it. The CCC incorporates an advisory function to achieve a credible carbon policy over a long time frame, similar to Stern (2006) but operating on a continuing basis and also incorporating a unique monitoring function. I conclude that the CCC could be more effective if delegated a policy instrument with which to achieve the UK carbon budgets. The remainder of the thesis explores the idea of implementing such a policy instrument, in particular a carbon tax, in the UK by using multisectoral energy-environment-economy modelling techniques. However, a number of modifications to the input-output database are undertaken first in order to make the model more applicable to the policy analysis. Firstly, the sectors included in EU Emissions Trading Scheme are identified and mapped to the economic sectors in the input-output table. Once the EU ETS identification complete I undertake an environmental input-output multiplier analysis of the "traded" and "non-traded" sectors. One significant result is that the electricity sector is important for the UK both in terms of output and emissions levels.
Resource Type
DOI
Date Created
  • 2012
Former identifier
  • 988700

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