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Internationally Coordinated Emission Permit Policies : An Option for Withdrawers from the Kyoto Protocol?
Bednar-Friedl, Birgit - 2014
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...
Persistent link: https://www.econbiz.de/10013070789
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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
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Mitigating Carbon Leakage : Combining Output-Based Rebating with a Consumption Tax
Boehringer, Christoph - 2015
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
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Effects of Unilateral Climate Policy on Terms of Trade, Capital Accumulation, and Welfare in a World Economy
Farmer, Karl - 2013
We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...
Persistent link: https://www.econbiz.de/10012753478
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Market Effects of Voluntary Climate Action by Firms : Evidence from the Chicago Climate Exchange
Gans, Will; Hintermann, Beat - 2021
Why do for-profit firms take voluntary steps to improve the environment? Brand appeal to green consumers or investors, the ability to influence or avoid regulation, or the experience gained for future regulation, have all been suggested as possible reasons. The empirical evidence is decidedly...
Persistent link: https://www.econbiz.de/10013316016
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The European Union's Potential for Strategic Emissions Trading Through Minimal Permit Sale Contracts
Eyckmans, Johan; Hagem, Cathrine - 2021
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
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Efficient CO2 Emissions Control with National Emissions Taxes and International Emissions Trading
Eichner, Thomas; Pethig, Rudiger - 2021
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
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The Safe Carbon Budget
van der Ploeg, Rick - 2017
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
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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
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Market Power in Interactive Environmental and Energy Markets : The Case of Green Certificates
Amundsen, Eirik S. - 2016
interwoven in the electricity market as the producers of green electricity are also the suppliers of TGCs. In this paper, we … formulate an analytic equilibrium model for simultaneously functioning electricity and TGC markets, and focus on the role of … market power. We consider a Stackelberg leadership model with endogenous treatment of the interaction between the electricity …
Persistent link: https://www.econbiz.de/10012988300