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A Public Finance Perspective on Climate Policy: Six Interactions That May Enhance Welfare
Siegmeier, Jan; Mattauch, Linus; Franks, Max; Klenert, David - Fondazione ENI Enrico Mattei (FEEM) - 2015
Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...
Persistent link: https://www.econbiz.de/10011268596
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Environmental Policy and Capital Movements: The Role of Government Commitment
Marsiliani, Laura; Renström, Thomas I. - Fondazione ENI Enrico Mattei (FEEM) - 2003
This paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...
Persistent link: https://www.econbiz.de/10005385496
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The Double Dividend Hypothesis of Environmental Taxes: A Survey
Schöb, Ronnie - Fondazione ENI Enrico Mattei (FEEM) - 2003
implications. Finally, we turn to international aspects of environmental taxation. When environmental problems are tied to the use …
Persistent link: https://www.econbiz.de/10005423262
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Directed Technical Change and Climate Policy
Otto, Vincent M.; Löschel, Andreas; Reilly, John - Fondazione ENI Enrico Mattei (FEEM) - 2006
This paper studies the cost effectiveness of climate policy if there are technology externalities. For this purpose, we develop a forward-looking CGE model that captures empirical links between CO2 emissions associated with energy use, directed technical change and the economy. We find the...
Persistent link: https://www.econbiz.de/10005570271
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Uncertainty and the Double Dividend Hypothesis
Sartzetakis, Eftichios; Tsigaris, Panagiotis D. - Fondazione ENI Enrico Mattei (FEEM) - 2007
This paper examines the double dividend hypothesis in the presence of labour income uncertainty. Empirical evidence shows that uncertainty over labour income is particularly significant in developing, while not negligible in developed countries. Under uncertainty, and assuming incomplete capital...
Persistent link: https://www.econbiz.de/10005570293
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Redistribution Effects of Energy and Climate Policy: The Electricity Market
Hirth, Lion; Ueckerdt, Falko - Fondazione ENI Enrico Mattei (FEEM) - 2012
policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus … the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … pricing. We find that the redistribution effects of both policies are large, and they work in opposed directions: while …
Persistent link: https://www.econbiz.de/10010603764
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Optimal Afforestation Contracts with Asymmetric information on Private Environmental Benefits
Anthon, Signe; Thorsen, Bo Jellesmark - Fondazione ENI Enrico Mattei (FEEM) - 2004
We investigate the problem of subsidising afforestation when private information exists with respect to the level of private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when information is asymmetric. The model involves the...
Persistent link: https://www.econbiz.de/10005423251
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Why Finance Ministers Favor Carbon Taxes, Even if They Do not Take Climate Change into Account
Franks, Max; Edenhofer, Ottmar; Lessmann, Kai - Fondazione ENI Enrico Mattei (FEEM) - 2015
capital taxation. This result holds even without modeling environmental damages. It is robust under a variation of the …
Persistent link: https://www.econbiz.de/10011268593
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Second-Best Optimal Taxation of Oil and Capital in a Small Open Economy
Petrucci, Alberto - Fondazione ENI Enrico Mattei (FEEM) - 2010
This paper analyzes the efficient taxation of oil and capital income in an oil-dependent infinite-lived economy facing … income should always be exempted from taxation, while the optimal tax on productive oil may differ from zero. Under the …
Persistent link: https://www.econbiz.de/10008489596
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An Integrated Assessment of Climate Change, Air Pollution, and Energy Security Policy
Zwaan, Bob van der; Bollen, Johannes; Hers, Sebastiaan - Fondazione ENI Enrico Mattei (FEEM) - 2009
This article presents an integrated assessment of climate change, air pollution, and energy security policy. Basis of our analysis is the MERGE model, designed to study the interaction between the global economy, energy use, and the impacts of climate change. For our purposes we expanded MERGE...
Persistent link: https://www.econbiz.de/10008502121