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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 From the perspective of a net foreign debtor country that has withdrawn … international policy coordination unless the world economy becomes dynamically inefficient …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
Strategic market behavior by permit sellers will harm the European Union as the EU as a whole is expected to become a large net buyer of permits in a follow-up agreement to the Kyoto Protocol. In this paper we explore how the EU could benefit from making permit trade agreements with non-EU...
Persistent link: https://www.econbiz.de/10013316307
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
Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in … the world mean temperature exceeding 2° Celsius. To achieve the two degree target, the cumulated global emissions must not …
Persistent link: https://www.econbiz.de/10013136281
Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world … fossil energy resources (= world carbon emissions). We consider governments having sign-unconstrained emission taxes at their … disposal and seeking to prevent world emissions from exceeding some binding aggregate emission ceiling in the medium term. Such …
Persistent link: https://www.econbiz.de/10013067513
Unilateral climate policy suffers from carbon leakage, i.e. the (partial) offset of the initial emission reduction by increases in other countries. Different than most typically discussed climate policies, degrowth not only aims at reducing the fossil fuel use in an economy, but rather at a...
Persistent link: https://www.econbiz.de/10012947519
Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...
Persistent link: https://www.econbiz.de/10013018203
In a group of countries like the European Union all countries seek to achieve their national CO2 emissions target by a joint emissions trading scheme covering some part of their economies (trading sector) and by a national emissions tax in the rest of their economies (nontrading sector)....
Persistent link: https://www.econbiz.de/10013317104
Cumulative emissions drive peak global warming and determine the safe carbon budget compatible with staying below 2oC or 1.5oC. The safe carbon budget is lower if uncertainty about the transient climate response is high and risk tolerance low. Together with energy costs this budget determines...
Persistent link: https://www.econbiz.de/10012947906
Theoretical analysis and empirical evidence show that leadership behavior in climate policy through increased abatement efforts or international transfers cannot be expected to be very successful. In this paper we instead show that pioneering activities, which are based on green technological...
Persistent link: https://www.econbiz.de/10013012533