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Consequences of FTA withdrawal : evidence from "Uxit"
Gnutzmann, Hinnerk; Gnutzmann-Mkrtchyan, Arevik; Korn, … - 2021
We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the withdrawal from a trade agreement affects trade. We...
Persistent link: https://www.econbiz.de/10012421152
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Smart cap
Karp, Larry S.; Traeger, Christian - 2021
”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to …
Persistent link: https://www.econbiz.de/10012438358
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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
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Europe beyond coal - an economic and climate impact assessment
Böhringer, Christoph; Rosendahl, Knut Einar - 2020
) terms-of-trade effects in the ETS market. Based on numerical simulations with a computable general equilibrium model for the … unilateral and multilateral phaseout. We find that terms-of-trade effects in the ETS market play an important role for the … found to be welfare-improving if the German citizens value emissions reductions at 65 Euro per ton or more. …
Persistent link: https://www.econbiz.de/10012241075
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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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Kill Bill or tax : an analysis of alternative CO2 price floor options for EU member states
Böhringer, Christoph; Fischer, Carolyn - 2020
Several EU member states are exploring options for setting minimum domestic carbon prices within the EU Emission Trading System (ETS). First, a "TAX" policy would introduce a carbon tax equal to the difference between the prevailing ETS price and the targeted minimum price. Second, a national...
Persistent link: https://www.econbiz.de/10012300226
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Rules vs. discretion in cap-and-trade programs : evidence from the EU emission trading system
Friedrich, Marina; Fries, Sébastien; Pahle, Michael; … - 2020
interventions in such programs could destabilize the market, and necessitate subsequent corrective interventions that instigate …-varying regression, bubble detection, crash-odds modelling). We find that the recent EU-ETS reform triggered market participants into … speculation, which likely led to an overreaction that destabilized the market. We discuss how the smokescreen politics behind the …
Persistent link: https://www.econbiz.de/10012300320
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What can we learn from EU ETS?
Vollebergh, Herman R. J.; Brink, Corjan - 2020
guided with care. The current quantity rules for the Market Stability Reserve to steer the abundancy of allowances seems a …
Persistent link: https://www.econbiz.de/10012206085
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What role for electric vehicles in the decarbonization of the car transport sector in Europe?
Littlejohn, Christina; Proost, Stef - 2019
The transport sector is the only sector where carbon emissions continue to grow. This has led policy makers to propose ambitious policies to reduce emissions in the car sector, in particular fuel efficiency standards, portfolio mandates for Electric Vehicles and purchase taxes or subsidies. A...
Persistent link: https://www.econbiz.de/10012057257
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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 …
Persistent link: https://www.econbiz.de/10012105543