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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
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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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Diesel, Conventional Gas, Jet Fuel, and Natural Gas Equity and Commodity Project Risk Across the Oil and Gas Industry
Carson, Scott Alan - 2022
. Equity, commodity, and distillate markets positively price returns, and equity market risk and returns are higher than for … commodity markets. Refining & marketing and equipment & service firms have the greatest equity market risk, while equipment … gas industry, diesel has the greatest risk and distillate return. Equity, commodity, and distillate returns are …
Persistent link: https://www.econbiz.de/10014240484
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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
emission certificate regulation, and we consider the impact of changes in EU climate policy on the rest of the world as well as …
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
be effective, address equity and leakage concerns, and be reinforced by additional measures at the sectoral level. The …
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 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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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 Reverse Waterbed Effect of Sector Coupling — Unilateral Climate Policies and Multilateral Emissions Trading
Böhringer, Christoph; Helm, Carsten - 2023
It is widely acknowledged that the transition towards a zero-emissions economy requires electrification of energy-related processes across all sectors of the economy — so-called sector coupling. In our analysis we consider countries whose electricity sectors are regulated by a multilateral...
Persistent link: https://www.econbiz.de/10014358108
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Simple Rules for Climate Policy and Integrated Assessment
van der Ploeg, Rick - 2018
A simple integrated assessment framework that gives rules for the optimal carbon price, transition to the carbon-free era and stranded carbon assets is presented, which highlights the ethical, economic, geophysical and political drivers of optimal climate policy. For the ethics we discuss the...
Persistent link: https://www.econbiz.de/10012908688