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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

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

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

The Promise and Problems of Pricing Carbon : Theory and Experience

Aldy, Joseph E. - 2011

Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful...

Persistent link: https://www.econbiz.de/10012461089

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

On the Geographic Implications of Carbon Taxes

Conte, Bruno; Desmet, Klaus; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2022

unfavorable to unilateral carbon taxes. We show that this logic breaks down in a world with trade and migration where economic …

Persistent link: https://www.econbiz.de/10013462726

Cost Containment in Climate Change Policy : Alternative Approaches to Mitigating Price Volatility

Metcalf, Gilbert E. - 2009

Cap and trade systems are emerging as the front-running policy choice to address climate change concerns in many countries. One of the apparent attractions of this approach is the ability to achieve hard limits on emissions over a control period. The cost of achieving this certainty on emission...

Persistent link: https://www.econbiz.de/10012463525

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

Public Policies against Global Warming

Sinn, Hans-Werner - 2007

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies -- such as increasing ad-valorem taxes on carbon consumption or...

Persistent link: https://www.econbiz.de/10012465195

Who Should Abate Carbon Emissions? An International Viewpoint

Chichilnisky, Graciela - 1993

We review the optimal pattern of carbon emission abatements across countries in a simple multi-country world. We model …

Persistent link: https://www.econbiz.de/10012474525

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