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 …

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 …

Germany aims to phase out coal to achieve its 2030 climate target, for which a UK-style carbon price floor is …

railroads that transport coal from mines to power plants, use this information to capture economic rents that would otherwise …

Several European countries have decided to phase out coal power generation. Emissions from electricity generation are … already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be … accompanied with cancellation of emissions allowances. In this paper we examine the consequences of phasing out coal, both for the …