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Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package

Aune, Finn Roar - 2019

In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its...

Persistent link: https://www.econbiz.de/10012892222

Smart Hedging against Carbon Leakage

Böhringer, Christoph - 2019

Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through relocation of emission-intensive and trade-exposed industries to other regions. A common measure to mitigate such leakage is to combine an emission trading system (ETS) with...

Persistent link: https://www.econbiz.de/10012859992

Trade and the Greenhouse Gas Emissions from International Freight Transport

Cristea, Anca D. - 2015

responsible for 33 percent of world-wide trade-related emissions, and over 75 percent of emissions for major manufacturing … production emissions per dollar of exports are 16 percent below the world average, but once we include transport US emissions per … dollar exported are 59 percent above the world average. We use our data to systematically investigate whether trade inclusive …

Persistent link: https://www.econbiz.de/10013037917

Carbon Motivated Regional Trade Arrangements : Analytics and Simulations

Dong, Yan - 2014

This paper presents both analytics and numerical simulation results relevant to proposals for carbon motivated regional trade agreements summarized in Dong amp; Whalley(2008). Unlike traditional regional trade agreements, by lowing tariffs on participant's low carbon emission goods and setting...

Persistent link: https://www.econbiz.de/10012750865

How to Deal with the Risks of Phasing Out Coal in Germany Through National Carbon Pricing

Osorio, Sebastian - 2019

Germany aims to phase out coal to achieve its 2030 climate target, for which a UK-style carbon price floor is considered. But this measure comes with risks related to the uncertainty about what price level is sufficient, and the waterbed effect arising from unilateral policy under the EU-ETS....

Persistent link: https://www.econbiz.de/10012892148

EU ETS and the New Green Paradox

Rosendahl, Knut Einar - 2019

With the new rules of the EU ETS, involving cancellation of allowances, cumulative emissions are no longer fixed but depending on the market outcome. Perino (2018) showed that additional abatement effort can reduce cumulative emissions if it occurs within a few years. This article shows that...

Persistent link: https://www.econbiz.de/10012866399

The Risk-Adjusted Carbon Price

van den Bremer, Ton S. - 2019

We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that incorporates the effects of uncertainties associated with climate and the economy from a calibrated DSGE model. We allow for different aversions to risk and intertemporal fluctuations,...

Persistent link: https://www.econbiz.de/10012872062

Corrective Policy and Goodhart's Law : The Case of Carbon Emissions from Automobiles

Reynaert, Mathias - 2016

Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. We show theoretically that such gaming can benefit consumers, even when it induces them to make mistakes, because gaming leads to lower prices by reducing costs. We use our insights to...

Persistent link: https://www.econbiz.de/10012977637

Optimal Energy Taxes and Subsidies under a Cost-Effective Unilateral Climate Policy : Addressing Carbon Leakage

Kruse-Andersen, Peter - 2019

We analyze how a country pursuing a unilateral climate policy may contribute to a reduction in global CO2 emissions in a cost-effective way. To do so its system of energy taxes and subsidies must account for leakage of emissions from the domestic to the foreign economy. We focus on leakage...

Persistent link: https://www.econbiz.de/10012859989

What Role for Electric Vehicles in the Decarbonization of the Car Transport Sector in Europe?

Littlejohn, Christina - 2019

The transport sector is the only sector where carbon emissions continue to grow. This has led policy makers to propose ambitious policies to reduce emissions in the car sector, in particular fuel efficiency standards, portfolio mandates for Electric Vehicles and purchase taxes or subsidies. A...

Persistent link: https://www.econbiz.de/10012861385

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