Jamaican Economy Panel Discussion 5 on Carbon pricing | September 2021

The two primary instruments in carbon pricing are an emissions trading scheme that admits a limited sum of emissions and permits emission trading amongst emitters and a carbon tax that emitters pay a tax on the volume of greenhouse gasses emitted.

The participants of the Jamaican Economy Panel (JEP) disclosed their preferences between these two options.  A plurality of respondents (44%) expressed a preference for carbon taxes compared to emissions trading (33%), with other respondents either unsure about their response or insisting on further study to see whether either would have an impact.