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Belts and Suspenders : Interactions Among Climate Policy Regulations
Levinson, Arik - 2010
With few exceptions, economic analyses of "cap-and-trade" permit trading mechanisms for climate change mitigation have been based on first-best scenarios without pre-existing distortions or regulations. The reason is obvious: interactions between permit trading and other regulations will be...
Persistent link: https://www.econbiz.de/10012462547
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Can a Unilateral Carbon Tax Reduce Emissions Elsewhere?
Elliott, Joshua - 2013
Most CGE models do not allow for negative leakage. In this paper, we use a full CGE model with many countries and many goods to measure effects in a way that allows for negative leakage. We vary elasticities of substitution and confirm the analytical model's prediction that negative leakage...
Persistent link: https://www.econbiz.de/10012459764
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Trade, Leakage, and the Design of a Carbon Tax
Weisbach, David A.; Kortum, Samuel; Wang, Michael Y.; … - National Bureau of Economic Research - 2022
region of the world imposes a climate policy and the rest of the world is passive. We solve the model analytically and also …
Persistent link: https://www.econbiz.de/10013334461
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Decarbonization and Electrification in the Long Run
Holland, Stephen P.; Mansur, Erin; Yates, Andrew J. - National Bureau of Economic Research - 2022
Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...
Persistent link: https://www.econbiz.de/10013210110
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Using the Market to Address Climate Change : Insights from Theory and Experience
Aldy, Joseph E. - 2011
Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual consumption, business investment, and government spending. An effective climate policy will have to modify the decision calculus for these activities in the...
Persistent link: https://www.econbiz.de/10012461169
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Distributional Impacts of Carbon Pricing : A General Equilibrium Approach with Micro-Data for Households
Rausch, Sebastian - 2011
Many policies to limit greenhouse gas emissions have at their core efforts to put a price on carbon emissions. Carbon pricing impacts households both by raising the cost of carbon intensive products and by changing factor prices. A complete analysis requires taking both effects into account. The...
Persistent link: https://www.econbiz.de/10012461570
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The Possibilities For Global Poverty Reduction Using Revenues From Global Carbon Pricing
Davies, James B. - 2011
central case analysis, revenues from globally internalizing carbon pricing rise to 7% and then fall to 5% of gross world …
Persistent link: https://www.econbiz.de/10012461781
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On a World Climate Assembly and the Social Cost of Carbon
Weitzman, Martin - 2016
This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world "Social Cost of Carbon" (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …
Persistent link: https://www.econbiz.de/10012455867
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How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality
Weitzman, Martin L. - 2016
It is difficult to resolve the global warming free-rider externality problem by negotiating many different quantity targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are domestically retained) counters self-interest by incentivizing...
Persistent link: https://www.econbiz.de/10012456478
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Can Negotiating a Uniform Carbon Price Help to Internalize the Global Warming Externality?
Weitzman, Martin - 2013
Thus far, most approaches to resolving the global warming externality have been quantity based. With n different national entities, a meaningful comprehensive treaty involves negotiating n different binding emissions quotas (whether tradeable or not). In post-Kyoto practice this n-dimensional...
Persistent link: https://www.econbiz.de/10012459018