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Subsidizing Renewable Energy under Capital Mobility

Eichner, Thomas; Runkel, Marco - CESifo - 2010

outflow to other countries. When the green subsidy is available, countries choose a positive subsidy rate since this reduces … the overall distortion of the tax-subsidy system. In doing so, each country internalizes a larger part of the …. Hence, the subsidy is not only beneficial for the country which imposes it but for all countries. …

Persistent link: https://www.econbiz.de/10008671715

Environmental and Technology Policy Options in the Electricity Sector: Interactions and Outcomes

Fischer, Carolyn; Newell, Richard G.; Preonas, Louis - CESifo - 2014

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify additional interventions when a carbon price is...

Persistent link: https://www.econbiz.de/10010764280

Coordinating Climate and Trade Policies: Pareto Efficiency and the Role of Border Tax Adjustments

Keen, Michael; Kotsogiannis, Christos - CESifo - 2011

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional...

Persistent link: https://www.econbiz.de/10009147741

Tax Incentives, Bequest Motives, and the Demand for Life Insurance: Evidence from two Natural Experiments in Germany

Sauter, Nicolas; Walliser, Jan; Winter, Joachim - CESifo - 2010

Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance demand. An unanticipated tax reform in 2000...

Persistent link: https://www.econbiz.de/10008534059

Uncertain Bequest Needs and Long-Term Insurance Contracts

Fei, Wenan; Fluet, Claude; Schlesinger, Harris - CESifo - 2008

We examine how long-term life insurance contracts can be designed to incorporate uncertain future bequest needs. An individual who buys a life insurance contract early in life is often uncertain about the future financial needs of his or her family, in the event of an untimely death. Ideally,...

Persistent link: https://www.econbiz.de/10005405924

Did the Japanese Patient Follow the Doctor's Orders? Mostly no! A Public Choice Analysis of Greenhouse Gas Emissions Trading Schemes in Japan before and after the Earthquake

Rudolph, Sven; Schneider, Friedrich - CESifo - 2011

The Great Tôhoku-Earthquake and the following nuclear meltdown in Fukushima called the world’s attention to Japans’ energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from reaching its Kyoto target. Emissions trading systems...

Persistent link: https://www.econbiz.de/10009364314

Green Serves the Dirtiest: On the Interaction between Black and Green Quotas

Böhringer, Christoph; Rosendahl, Knut Einar - CESifo - 2009

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/10008533987

EU-Type Carbon Emissions Trade and the Distributional Impact of Overlapping Emissions Taxes

Eichner, Thomas; Pethig, Rüdiger - CESifo - 2009

The European Union fulfills its emissions reductions commitments by means of an emissions trading scheme covering some part of each member state’s economy and by national emissions control in the rest of their economies. The member states also levy energy/emissions taxes overlapping with the...

Persistent link: https://www.econbiz.de/10005051535

Efficient CO2 Emissions Control with National Emissions Taxes and International Emissions Trading

Eichner, Thomas; Pethig, Rüdiger - CESifo - 2007

In a group of countries like the European Union all countries seek to achieve their national CO2 emissions target by a joint emissions trading scheme covering some part of their economies (trading sector) and by a national emissions tax in the rest of their economies (nontrading sector)....

Persistent link: https://www.econbiz.de/10005406137

International Carbon Emissions Trading and Strategic Incentives to Subsidize Green Energy

Eichner, Thomas; Pethig, Rüdiger - CESifo - 2010

This paper examines strategic incentives to subsidize green energy in a group of countries that operates an international carbon emissions trading scheme. Welfare-maximizing national governments have the option to discriminate against energy from fossil fuels by subsidizing green energy,...

Persistent link: https://www.econbiz.de/10008583699