Putting carbon pricing at the centre of the EU climate policy architecture would bring major benefits. It would increase efficiency in the face of higher policy costs, provide a clear path to net zero, and foster a move towards a global carbon price regime. Obtaining these requires a uniform, credible and durable carbon price – the economic first-best solution. However, several of the preconditions for this solution have not yet been met. In this paper for Bruegel, Ottmar Edenhofer, Mirjam Kosch et al propose a sequenced approach to effect convergence in the policy mix.
https://www.bruegel.org/wp-content/uploads/2021/03/PC-06-2021-090321.pdf /> 

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