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There is a consensus among economists that a carbon tax is the best approach for addressing the effects of CO2 emissions on the global climate. However, past international agreements on climate change instead specify caps on emissions (a quantity target) for each country. This paper explores...
Persistent link: https://www.econbiz.de/10014421179
The risks of carbon leakage associated with climate policies in the agricultural sector remains under-researched. Studies to date suggest that carbon pricing policies implemented by a single country, or small group of countries, reduce global emissions but also affect the international...
Persistent link: https://www.econbiz.de/10012696464
This paper presents the potential benefits and challenges of enhanced international co-ordination on carbon pricing and outlines the different types and levels of co-ordination that are available for national and sub-national governments. These levels include, inter alia, facilitating new...
Persistent link: https://www.econbiz.de/10012103043
This paper presents a detailed economic modelling analysis of public finance in the transition towards carbon neutrality. It outlines results from a Net-Zero Emission Ambition scenario, which reflects the ambition to achieve net-zero carbon dioxide emissions globally by mid-century, using a...
Persistent link: https://www.econbiz.de/10014324220
Persistent link: https://www.econbiz.de/10011812018
focus on taxation and subsidies. In order to understand the quite complex literature on this subject, we draw on the theory … of the second best and the theory of optimal taxation. The thrust of the chapter is that there are multiple objectives … theory, while Section 6 presents empirical evidence for the European Union. The latter section focuses primarily on …
Persistent link: https://www.econbiz.de/10014023906
Carbon pricing helps countries steer their economies towards and along a carbon-neutral growth path. This paper considers how the design of carbon pricing instruments affects their effectiveness, efficiency and feasibility. Design choices matter both for taxes and Emissions Trading Systems...
Persistent link: https://www.econbiz.de/10012454840
We discuss climate change and resource scarcity from the perspective of macroeconomic modeling and quantitative evaluation. Our focus is on climate change: we build a very simple “integrated assessment model,” ie, a model that integrates the global economy and the climate in a unified...
Persistent link: https://www.econbiz.de/10014024273
debate. This book will be of interest and relevance to academics in the fields of environmental economics, labour theory and …
Persistent link: https://www.econbiz.de/10014474167
This paper investigates the impact of carbon pricing on the economy, with a focus on European carbon taxes and the carbon market. Our analysis reveals three key findings. First, while both policies have successfully reduced emissions, the economic costs of the European carbon market are larger...
Persistent link: https://www.econbiz.de/10014287360