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Optimal Carbon Pricing in General Equilibrium : Temperature Caps and Stranded Assets in an Extended Annual DSGE Model

van der Ploeg, Rick; Rezai, Armon - 2021

The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for additional negative impacts of global warming on utility and productivity growth, mean reversion in the ratio of climate damages to production, labour-augmenting technical progress, and...

Persistent link: https://www.econbiz.de/10013225748

City Size, Pollution and Emission Policies

Pflüger, Michael - 2020

This paper develops a model with an endogenous number of cities to explore whether local governments establish the optimal city size when key activities in the city are associated with emissions that harm consumers. In contrast to extant research, our model is fully micro-founded with respect to...

Persistent link: https://www.econbiz.de/10012827112

Trade, Leakage, and the Design of a Carbon Tax

Weisbach, David A.; Kortum, Samuel S.; Wang, Michael; … - 2022

Climate policies vary widely across countries, with some countries imposing stringent emissions policies and others doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to places with few or no emissions restrictions, an effect...

Persistent link: https://www.econbiz.de/10014079652

On Differentiated Carbon Prices and Discount Rates

Anthoff, David; Dennig, Francis; Emmerling, Johannes - 2021

The consensus view amongst economists is that carbon prices, in order to be effcient, must be the same across the globe. But when there are inefficiencies in the allocation of capital so that consumers in different countries face different discount rates, we show that efficient carbon prices...

Persistent link: https://www.econbiz.de/10013215895

Capturing Key Energy and Emission Trends in CGE Models : Assessment of Status and Remaining Challenges

Faehn, Taran - 2020

Limiting global warming in line with the goals in the Paris Agreement will require substantial technological and behavioural transformations. This challenge drives many of the current modelling trends. This paper undertakes a review of 17 state-of-the-art recursive-dynamic computable general...

Persistent link: https://www.econbiz.de/10012841936

Pricing for a Cooler Planet : An Empirical Analysis of the Effect of Taxing Carbon

Mideksa, Torben K. - 2021

Finland introduced the planet's first carbon tax in 1990 to experiment with, to most economists, the best policy to reverse carbon emissions. I estimate the causal effect of taxing carbon on Finnish emissions using the Synthetic Control Approach. The results suggest that taxing carbon reduces...

Persistent link: https://www.econbiz.de/10013219618

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

The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices

Kornek, Ulrike - 2019

metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …

Persistent link: https://www.econbiz.de/10012870643

Will the Centralisation of Carbon Pricing Revenue in the EU Lead to Laxer Climate Policy?

Fuest, Clemens; Meier, Volker - 2021

We analyse the economic impact of using carbon pricing revenue to fund the EU budget. Such a reform would redistribute from countries with above average carbon intensive production to less carbon intensive countries. Once the reform is implemented, the low carbon countries will prefer a lower...

Persistent link: https://www.econbiz.de/10013235113

Effects of Carbon Pricing and Other Climate Policies on CO 2 Emissions

Kohlscheen, Emanuel; Moessner, Richhild; Takats, Elod - 2021

We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...

Persistent link: https://www.econbiz.de/10013323969

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