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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
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Market Effects of Voluntary Climate Action by Firms : Evidence from the Chicago Climate Exchange
Gans, Will; Hintermann, Beat - 2021
the profitability of participation in the world’s largest voluntary greenhouse gas mitigation program: the Chicago Climate …
Persistent link: https://www.econbiz.de/10013316016
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Internationally Coordinated Emission Permit Policies : An Option for Withdrawers from the Kyoto Protocol?
Bednar-Friedl, Birgit - 2014
policy if the world economy is dynamically efficient. From the perspective of a net foreign debtor country that has withdrawn … international policy coordination unless the world economy becomes dynamically inefficient …
Persistent link: https://www.econbiz.de/10013070789
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Making World Heritage Truly Global : The Culture Certificate Scheme
Frey, Bruno S. - 2014
Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture … Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List … and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the …
Persistent link: https://www.econbiz.de/10013070880
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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
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Banking Permits : Economic Efficiency and Distributional Effects
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - 2021
Most analyses of the Kyoto flexibility mechanisms focus on the cost effectiveness of where flexibility (e.g. by showing that mitigation costs are lower in a global permit market than in regional markets or in permit markets confined to Annex 1 countries). Less attention has been devoted to when...
Persistent link: https://www.econbiz.de/10013316607
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Do Permit Allocations Matter?
Verbon, Harrie A. A. - 2010
In the standard setting a system of tradable permits is effective and cost-efficient in attaining the policy objective of pollution reduction. This outcome is challenged in case of a tradable permit system in a federal system/constitution with individual states having discretionary power...
Persistent link: https://www.econbiz.de/10013136241
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Market Power in Emission Permit Markets : Theory and Evidence
Hintermann, Beat - 2013
A well-known result about market power in emission permit markets is that efficiency can be achieved by full free allocation to the dominant firm. I show that this result breaks down when taking the interaction between input and output markets into account, even if the firm perceives market...
Persistent link: https://www.econbiz.de/10013073090
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Using Output-Based Allocations to Manage Volatility and Leakage in Pollution Markets
Meunier, Guy - 2017
around the world, and in Europe in particular, we use our model to revisit several critical issues in the design of these …
Persistent link: https://www.econbiz.de/10012961946
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Multi-Pollutant Point-Nonpoint Trading with Participation Decisions : The Role of Transaction Costs
Reeling, Carson - 2018
High transaction costs and thin participation plague water quality trading and prevent markets from delivering expected efficiency gains. Point sources generate a single pollutant, while nonpoint sources generate multiple, complementary pollutants. We develop a dynamic search model of...
Persistent link: https://www.econbiz.de/10012911045