A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even … expectation formation, a higher present carbon tax will reduce near-term carbon emissions. Moreover, whatever the expectations … about future tax rates are, near-term emissions will decline for a sufficiently high carbon tax. However, if the near …

exhaustible resources are considered, reflecting cost structure and carbon content heterogeneities of energy sources. The policies …-term emissions, and (3) none of the analyzed policy measures leads to a decrease in the aggregate duration of the extraction of the …

The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the … extract more rapidly which increases present carbon dioxide emissions and accelerates global warming. Our results suggest that … future carbon taxes may even decrease present emissions if resource owners face increasing marginal extraction costs and if …

innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in … combination with other mitigation policies. Even under fairly optimistic assumptions about the funding available for, and the …

consider policies’ impact on the incentives of resource owners who maximize their profits intertemporally. We focus on the … rule; in the cost-effective (carbon budget) world, only an emissions trading scheme with free banking and borrowing can …

Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower … is a non-renewable resource. Second, we model emissions from land use change explicitly when we evaluate the climate … consequence of the standard. Thus, if emissions from biofuels are sufficiently low, the standard will have beneficial climate …

contrast to renewable energy policies, CCS policies are not always capable of reducing emissions in the long run. If feasible …This paper takes the ‘policy failure’ in establishing a global carbon price for efficient emissions reduction as a … starting point and analyzes to what extent technology policies can be a reasonable second-best approach. From a supply …

, related to current and longer-term emissions, may not materialize. Moreover, the tax may allow the demanding countries to …