Presentation template - WWF South Africa

Carbon Tax vs. Emissions TradingCarbon Tax• Price certainty – fixedprice• Emission reductions –quantity uncertain• Administration andcompliance – piggy backon existing administrativesystems• Visibility of tax• Design – tax base,collection point, pricelevelEmissions trading• Price uncertainty – volatility• Emissions are capped –quantity certain• Complexity – negotiations,high transaction costs, newinstitutions.• Some costs (and benefits) arehidden• Coverage, point of obligation,cap level