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Population Under a Cap on Greenhouse Gas Emissions

Bohn, Henning - 2013

A cap on greenhouse gas emissions makes total emissions a fixed common-property resource. Population increases under a cap are therefore self-limiting: a population increase raises labor and reduces emissions per unit of labor, which lowers incomes and fertility. Because a marginal birth under a...

Persistent link: https://www.econbiz.de/10013094745

Carbon Prices for the Next Hundred Years

Gerlagh, Reyer - 2014

World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate impacts turn real but this can take decades to learn. We develop a tractable stochastic climate-economy model with a hidden-state impact process to evaluate the contributions of...

Persistent link: https://www.econbiz.de/10013056827

Public Policies Against Global Warming

Sinn, Hans-Werner - 2013

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies - such as increasing ad-valorem taxes on carbon consumption or...

Persistent link: https://www.econbiz.de/10012753836

Reflections on the International Coordination of Carbon Pricing

Parry, Ian - 2021

The efficiency effects of carbon pricing depend on how it impacts distortions in fossil fuel markets, most notably from local air pollution externalities. By offsetting these distortions, carbon pricing may generate significant net economic benefits, so it is in countries own interests to...

Persistent link: https://www.econbiz.de/10013315495

Assessing Emission Allocation in Europe : An Interactive Simulation Approach

Böhringer, Christoph; Hoffmann, Tim; Lange, Andreas; … - 2008

Implementation of an EU-wide emissions trading system by means of National Allocation Plans is at the core of European … environmental policy agenda. Member States are faced with the problem of allocating their national emission budgets under the EU … EU emissions trading system and the gains for each Member State vis-a-vis domestic abatement policies. We present an …

Persistent link: https://www.econbiz.de/10014070918

Addressing the Climate Problem : Choice between Allowances, Feed-In Tariffs and Taxes

Amundsen, Eirik S. - 2018

Instruments chosen to pursue climate related targets are not always efficient. In this paper we consider an economy with three climate related targets for its electricity generation: a given share of “green” electricity, a given expansion of “green” electricity, and a given reduction of...

Persistent link: https://www.econbiz.de/10012920348

Climate Policy Without Commitment

Golombek, Rolf - 2013

Climate mitigation policy should be imposed over a long period, and spur development of new technologies in order to make stabilization of green house gas concentrations economically feasible. The government may announce current and future policy packages that stimulate current R&D in...

Persistent link: https://www.econbiz.de/10013095188

The Dependence Structure between Carbon Emission Allowances and Financial Markets - A Copula Analysis

Gronwald, Marc - 2013

This paper applies different copulas in order to investigate the complex dependence structure between EU emission …

Persistent link: https://www.econbiz.de/10013093522

Flexibility in the Market for International Carbon Credits and Price Dynamics Difference with European Allowances

Gavard, Claire - 2017

The Paris Agreement establishes a mechanism to allow a Party to benefit from greenhouse gases emissions reductions conducted in a host Party to fulfil its nationally determined contribution. In this context, the objective of this paper is to improve the understanding of carbon offsets price...

Persistent link: https://www.econbiz.de/10012942550

Carbon Pricing in the EU : Evaluation of Different EU ETS Reform Options

Brink, Corjan - 2015

This paper studies various options to support allowance prices in the EU Emissions Trading System (ETS), such as … adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic … at the EU Member State level. We find that both a variable carbon tax and an auction reserve price support effective …

Persistent link: https://www.econbiz.de/10013009840