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The role of fiscal instruments in environmental policy

Kosonen, Katri; Nicodème, Gae͏̈tan J.A. - 2009

Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its … environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change …

Persistent link: https://www.econbiz.de/10003871920

Innovation, growth and the transition to net-zero emissions

Stern, Nicholas H.; Valero, Anna - 2021

Persistent link: https://www.econbiz.de/10012581832

Endogenous emission caps always induce a green paradox

Gerlagh, Reyer; Heijmans, Roweno; Rosendahl, Knut Einar - 2019

green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability … model disciplined on the price rise in the EU ETS that followed the introduction of the MSR. …

Persistent link: https://www.econbiz.de/10012105543

Pricing carbon

Drupp, Moritz A.; Nesje, Frikk; Schmidt, Robert C. - 2022

We study the variation of global and unilateral carbon price recommendations and their determinants. To this end, we provide survey evidence on carbon pricing from more than 400 experts across almost 40 countries. We quantify the extent of (dis-)agreement and reveal that a majority of experts...

Persistent link: https://www.econbiz.de/10012888461

Effects of carbon pricing and other climate policies on CO2 emissions

Kohlscheen, Emanuel; Moessner, Richhild; Takáts, Előd - 2021

We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...

Persistent link: https://www.econbiz.de/10012643539

Smart cap

Karp, Larry S.; Traeger, Christian - 2021

We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...

Persistent link: https://www.econbiz.de/10012438358

Reconsidering climate mitigation policy in the UK

Arregui, Nicolas; Parry, Ian W. H. - 2021

The UK has pledged to cut greenhouse gases 68 percent below 1990 levels by 2030, to be emissions neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully achieving these ambitious objectives with the current policy framework will be...

Persistent link: https://www.econbiz.de/10012438370

Carbon policy and the emissions implications of electric vehicles

Gillingham, Kenneth; Ovaere, Marten; Weber, Stephanie - 2021

Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with historical city data. The production and...

Persistent link: https://www.econbiz.de/10012494796

Will the centralisation of carbon pricing revenue in the EU lead to laxer climate policy?

Fuest, Clemens; Meier, Volker - 2021

We analyse the economic impact of using carbon pricing revenue to fund the EU budget. Such a reform would redistribute … implemented, the low carbon countries will prefer a lower carbon price, i.e. laxer climate policy at the EU level, than before the … reform. For high carbon countries the opposite is true. As a result, EU climate policy becomes less ambitious and less …

Persistent link: https://www.econbiz.de/10012494875

Unilateral CO2 reduction policy with more than one carbon energy source

Daubanes, Julien Xavier; Henriet, Fanny; Schubert, Katheline - 2020

We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal - very carbon intensive - with gas - less so. Unlike the standard theoretical approach to carbon leakage, we show that unilateral CO2 reduction policies generate a higher leakage rate in the...

Persistent link: https://www.econbiz.de/10012294568

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