Narrow search
Showing 1 - 10 of 419
Cover Image
Did the Japanese Patient Follow the Doctor's Orders? Mostly No! A Public Choice Analysis of Greenhouse Gas Emissions Trading Schemes in Japan Before and after the Earthquake
Rudolph, Sven - 2013
The Great Tōhoku-Earthquake and the following nuclear meltdown in Fukushima called the world's attention to Japans …' energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from …, we ask what the political reasons for the failure of carbon markets in Japan are and how they can be overcome. We use …
Persistent link: https://www.econbiz.de/10013092105
Cover Image
Announcing is Bad, Delaying is Worse : Another Pitfall in Well-Intended Climate Policy
Jus, Darko; Meier, Volker - 2021
It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is...
Persistent link: https://www.econbiz.de/10013315904
Cover Image
Announcing is Bad, Delaying is Worse: Another Pitfall in Well-Intended Climate Policy
Jus, Darko; Meier, Volker - CESifo - 2012
It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is...
Persistent link: https://www.econbiz.de/10010752787
Cover Image
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
Cover Image
Strategic Delegation and International Permit Markets : Why Linking May Fail
Habla, Wolfgang - 2017
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10012952407
Cover Image
Using Output-Based Allocations to Manage Volatility and Leakage in Pollution Markets
Meunier, Guy - 2017
Output-based allocations (OBAs) are typically used in emission trading schemes to mitigate leakage in sectors at risk. Recent work has shown they may also help to stabilize prices in markets subject to supply and demand shocks. We extend previous work to simultaneously include both leakage and...
Persistent link: https://www.econbiz.de/10012961946
Cover Image
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 computable general equilibrium model that explicitly allows...
Persistent link: https://www.econbiz.de/10013009840
Cover Image
Emissions Trading with Offset Markets and Free Quota Allocations
Rosendahl, Knut Einar - 2014
We study optimal climate policy for a "policy bloc" of countries facing a market where emissions offsets can be purchased from a non-policy “fringe” of countries (such as for the CDM). Policy-bloc firms benefit from free quota allocations whose quantity is updated according to firms' past...
Persistent link: https://www.econbiz.de/10013059018
Cover Image
How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits
Parry, Ian - 2014
This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO<sub>2</sub>) emissions is in their own national interests due to domestic co-benefits. On average, nationally efficient prices are substantial, $57.5 per ton of CO<sub>2</sub> (for year 2010), reflecting primarily...
Persistent link: https://www.econbiz.de/10013045322
Cover Image
Pass-through of CO<sub>2</sub> Emission Costs to Hourly Electricity Prices in Germany
Hintermann, Beat - 2014
I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for...
Persistent link: https://www.econbiz.de/10013046575