Showing 1 - 10 of 1,450
We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...
Persistent link: https://www.econbiz.de/10014632377
We study the variation of global and unilateral carbon price recommendations and their determinants. To this end, we … (dis-)agreement and reveal that a majority of experts can agree on some short- and medium-term global carbon price levels …, and on unilateral carbon price levels in most countries. We find little evidence for free-riding. Indeed, experts …
Persistent link: https://www.econbiz.de/10012888461
administrative grounds. This paper discusses an alternative framework consisting of: (i) a comprehensive carbon price (ideally a tax … its COP26 presidency to promote dialogue on international carbon price floors and pricing of international transport …
Persistent link: https://www.econbiz.de/10012438370
promising new feature for cap-and-trade policies, although price collars for newly designed systems create more transparency …
Persistent link: https://www.econbiz.de/10012206085
We develop a model of optimal carbon taxation and redistribution taking into account horizontal equity concerns by considering heterogeneous energy efficiencies. By deriving first- and second-best rules for policy instruments including carbon taxes, transfers and energy subsidies, we then...
Persistent link: https://www.econbiz.de/10012485343
's familiar argument on the price of a non-renewable resource: it must grow at the rate of the next best use of marginal funds … global mitigation policy with carbon price paths for different countries growing (efficiently) at different rates. …
Persistent link: https://www.econbiz.de/10012602352
We theoretically and numerically analyse the impacts for a small, open country with carbon abatement ambitions of joining a coalition with allowance trading. Besides welfare impacts for both the coalition and the small, open economy joining the coalition, we scrutinise how the studied policy...
Persistent link: https://www.econbiz.de/10012428926
Denmark has a highly ambitious goal of reducing greenhouse gas emissions 70 percent below 1990 levels by 2030. While there is general agreement that carbon pricing should be the centerpiece of Denmark’s mitigation strategy, pricing needs to be effective, address equity and leakage concerns,...
Persistent link: https://www.econbiz.de/10012433898
banks' price stability mandate. Carbon policy shocks are identified using high-frequency identification and combined with … French firm-level survey data. A change in carbon price increases firms' inflation expectations as well as their own expected … and realized price growth. The effect on price expectations is more persistent than on actual price growth, resulting in …
Persistent link: https://www.econbiz.de/10014312549
This paper evaluates alternative options for rebating revenues from a unilateral emissions price, focusing on energy … emissions leakage and terms-of-trade changes are associated with the introduction of an emissions price, or when political … constraints prevent the emissions price from fully reflecting the social cost of the e missions. A numerical simulation model is …
Persistent link: https://www.econbiz.de/10015071184