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Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package
Aune, Finn Roar - 2019
comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in … set so high that the derived emissions reduction exceeds the EU climate target. Hence, carbon prices are redundant in …
Persistent link: https://www.econbiz.de/10012892222
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Advancing Global Carbon Abatement with a Two-Tier Climate Club
Iverson, Terrence - 2022
A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...
Persistent link: https://www.econbiz.de/10014081042
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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
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Will the Centralisation of Carbon Pricing Revenue in the EU Lead to Laxer Climate Policy?
Fuest, Clemens; Meier, Volker - 2021
disputed. We also analyse an extension of the model in which consumption generates carbon emissions that are not covered by the … emission certificate regulation, and we consider the impact of changes in EU climate policy on the rest of the world as well as … global emissions …
Persistent link: https://www.econbiz.de/10013235113
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Climate Mitigation Policy in Denmark : A Prototype for Other Countries
Batini, Nicoletta; Parry, Ian; Wingender, Philippe - 2021
Denmark has a highly ambitious goal of reducing greenhouse gas emissions 70 percent below 1990 levels by 2030. While …
Persistent link: https://www.econbiz.de/10013245631
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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 … and emissions trading systems (ETS), as well as the overall stringency of climate policies. We use dynamic panel … mix. We find that higher carbon taxes and prices of permits in ETS reduce carbon emissions. An increase in carbon taxes by …
Persistent link: https://www.econbiz.de/10013323969
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Climate Change Mitigation : How Effective is Green Quantitative Easing?
Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022
We develop a two sector incomplete markets integrated assessment model to analyse the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...
Persistent link: https://www.econbiz.de/10014081044
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The Social Cost of Carbon and the Ramsey Rule
Withagen, Cees - 2019
The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...
Persistent link: https://www.econbiz.de/10012892228
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The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices
Kornek, Ulrike - 2019
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a 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...
Persistent link: https://www.econbiz.de/10012870643
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Pricing for a Cooler Planet : An Empirical Analysis of the Effect of Taxing Carbon
Mideksa, Torben K. - 2021
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 emissions by big margins. Finnish emissions are 16% lower in 1995, 25 …% lower in 2000, and 30% lower in 2004 than emissions in the counterfactual consistent with carbon taxes whose value …
Persistent link: https://www.econbiz.de/10013219618