Showing 1 - 10 of 127
railroads that transport coal from mines to power plants, use this information to capture economic rents that would otherwise …
Persistent link: https://www.econbiz.de/10012892212
We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips curves for 35 OECD economies from 1995 to 2020. As carbon pricing we consider prices of emissions trading systems (ETS) and carbon taxes. We find that an increase in prices of ETS...
Persistent link: https://www.econbiz.de/10013305654
like those in effect today, additional electric vehicles will be more likely to be charged with coal-fired generation than …
Persistent link: https://www.econbiz.de/10013234915
Optimal climate policy is studied. Coal, the abundant resource, contributes more CO2 per unit of energy than the … exhaustible resource, oil. We characterize the optimal sequencing oil and coal and departures from the Herfindahl rule …. 'Preference reversal' can take place. If coal is very dirty compared to oil, there is no simultaneous use. Else, the optimal …
Persistent link: https://www.econbiz.de/10010277274
We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and … electricity, some emissions as well as some coal-based electricity ‘leak’ into other countries and the aggregate welfare of the … group of countries declines, if a country unilaterally phases out coal. With constant emissions cap and no trade in …
Persistent link: https://www.econbiz.de/10012890195
Germany aims to phase out coal to achieve its 2030 climate target, for which a UK-style carbon price floor is …
Persistent link: https://www.econbiz.de/10012892148
This paper examines the impact of carbon pricing on firms’ inflation expectations and its implications for central banks’ price stability mandate. Carbon policy shocks are identified using high-frequency identification and combined with French firm-level survey data. A change in carbon price...
Persistent link: https://www.econbiz.de/10014346451
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
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012861409
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