Eichner, Thomas; Pethig, Rüdiger - In: Environmental and Resource Economics 80 (2021) 2, pp. 379-407
We investigate the displacement effects of unilateral phase-out-of-coal policies in a stylized two-country model with coal- and gas-fired electricity generation in an international emissions trading scheme. In the basic policy scenario, electricity markets are national and one country bans coal...