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A well-known result about market power in emission permit markets is that efficiency can be achieved by full free allocation to the dominant firm. I show that this result breaks down when taking the interaction between input and output markets into account, even if the firm perceives market...
Persistent link: https://www.econbiz.de/10010877762
This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in … cases, reductions in automobile externalities (net of fuel taxes/subsidies). Pricing co-benefits reduces CO2 emissions from … exposure to pollution) and differentiated pricing of CO2 emissions therefore yields higher net benefits (by 23 percent) than …
Persistent link: https://www.econbiz.de/10010948903
their owners to a fixed proportion of ex ante unknown total emissions. The total level of carbon emissions is set by the … group of stakeholders, whose interest is for a smaller level of emissions and which competes with industries that consume …
Persistent link: https://www.econbiz.de/10010535631
reaching its Kyoto target. Emissions trading systems have been used in Japanese climate policy since 2005. However, experiences …, we identify the political obstacles of implementing ambitious greenhouse gas emissions trading systems in Japan, and, on …
Persistent link: https://www.econbiz.de/10009364314
equal, induce an increase in sulfur dioxide emissions. Using data on prices, heat input and sulfur content of coal delivered …
Persistent link: https://www.econbiz.de/10010550833
This paper takes the ‘policy failure’ in establishing a global carbon price for efficient emissions reduction as a … resource demand and simultaneously lower emissions. We show in a theoretical model that, under idealized conditions, a pure CCS … contrast to renewable energy policies, CCS policies are not always capable of reducing emissions in the long run. If feasible …
Persistent link: https://www.econbiz.de/10010551011
rule; in the cost-effective (carbon budget) world, only an emissions trading scheme with free banking and borrowing can …
Persistent link: https://www.econbiz.de/10008596574
an emissions cap, fuel demand becomes less price elastic. In response, a monopolistic exporter sets the fuel export price …
Persistent link: https://www.econbiz.de/10008727280
the world mean temperature exceeding 2◦ Celsius. To achieve the two degree target, the cumulated global emissions must not … restricting emissions to the global carbon budget. In its simplest form, the cost-effective global policy is shown to consist of a … the abating country to tax its first-period consumption and to tax or subsidize its emissions in the first and/or second …
Persistent link: https://www.econbiz.de/10008727298
removed, the possibility that both early and total emissions increase cannot be ruled out. Hence, "wrong" supply-side climate …
Persistent link: https://www.econbiz.de/10010607473