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Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created by two novel forms of rebating that reward additional emission intensity reductions: one...
Persistent link: https://www.econbiz.de/10013203035
Climate change ranks high on the policy agenda of the European Union (EU) which considers itself as a leading force in … the battle against anthropogenic climate change. The EU is committed to the objective of limiting the rise in global … climate system. This article provides a critical appraisal of two decades of EU climate policy. Based on the global nature of …
Persistent link: https://www.econbiz.de/10013062011
New York is considering additional emission regulation on top of its obligations under the Regional Greenhouse Gas Initiative (RGGI) to achieve its State Energy Plan targets. The proposed measure is a so-called "carbon adder" on CO2 emissions from the power sector which is set as the difference...
Persistent link: https://www.econbiz.de/10012098228
Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and...
Persistent link: https://www.econbiz.de/10003897546
Intensity standards have gained substantial momentum as a regulatory instrument in US climate policy. Based on numerical simulations with a large-scale computable general equilibrium model we show that intensity standards may rather increase than decrease counterproductive carbon leakage....
Persistent link: https://www.econbiz.de/10011305225
Klimaschutz stellt aus Sicht der ökonomischen Theorie ein rein öffentliches Gut dar. Internationale Kooperation zum Zweck der Milderung oder Verhinderung der globalen Erwärmung ist daher mit den bekannten fatalen Anreizproblemen behaftet: Auf der Basis freiwilliger, dezentraler Entscheidungen...
Persistent link: https://www.econbiz.de/10011445684
Despite recent achievements towards a global climate agreement, climate action to reduce greenhouse gas emissions remains quite heterogeneous across countries. Energy-intensive and trade-exposed (EITE) industries in industrialized countries are particularly concerned on stringent domestic...
Persistent link: https://www.econbiz.de/10011517967
We show that imposition of a state-level environmental tax in a federation crowds out preexisting federal taxes. We explain how this vertical fiscal externality can lead unilateral state-level environmental policy to generate a welfare gain in the implementing state, at the expense of other...
Persistent link: https://www.econbiz.de/10010434060
We show that imposition of a state-level environmental tax in a federation crowds out preexisting federal taxes. We explain how this vertical fiscal externality can lead unilateral statelevel environmental policy to generate a welfare gain in the implementing state, at the expense of other...
Persistent link: https://www.econbiz.de/10010439043
Persistent link: https://www.econbiz.de/10003826607