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The legal and economic case for an auction reserve price in the EU emissions trading system
Fischer, Carolyn; Reins, Leonie; Burtraw, Dallas; … - 2019 - Current Version: September 30, 2019
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012119540
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Carbon pricing in the EU : evaluation of different EU ETS reform options
Brink, Corjan; Vollebergh, Herman R. J.; Van der Werf, Edwin - 2015 - This version: November 24, 2015
adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic … at the EU Member State level. We find that both a variable carbon tax and an auction reserve price support effective … with a variable tax, while they are worse off than other Member States under an auction reserve price. …
Persistent link: https://www.econbiz.de/10011392634
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Reflections on the international coordination of carbon pricing
Parry, Ian W. H. - 2016
The efficiency effects of carbon pricing depend on how it impacts distortions in fossil fuel markets, most notably from local air pollution externalities. By offsetting these distortions, carbon pricing may generate significant net economic benefits, so it is in countries own interests to...
Persistent link: https://www.econbiz.de/10011497937
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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
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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
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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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Carbon prices are redundant in the 2030 EU climate and energy policy package
Aune, Finn Roar; Golombek, Rolf - 2018
In June 2018, an agreement between key EU institutions - the Commission, the European Parliament, and the European Council - was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its...
Persistent link: https://www.econbiz.de/10011933893
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Heterogeneity in expert recommendations for designing carbon pricing policies across the globe
Nesje, Frikk; Schmidt, Robert C.; Drupp, Moritz A. - 2023 - This version: September 2023
Pricing the emissions of greenhouse gases is widely considered as key to tackling climate change. While carbon pricing schemes are proliferating, the vast majority of emissions is not yet covered. Designing carbon pricing policies requires navigating crucial design choices, such as addressing...
Persistent link: https://www.econbiz.de/10014334341
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Principles for pareto efficient border carbon adjustment
Keen, Michael; Kotsogiannēs, Chrēstos - 2024
Border Carbon Adjustment Mechanisms (BCAMs) are becoming reality in the EU and elsewhere, and recur—in very different form—in U.S. legislative proposals. But they remain contentious, with features and differences that leave the underlying welfare rationale and implications unclear. Exploring...
Persistent link: https://www.econbiz.de/10014502504
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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
price and the targeted minimum price. Second, a national auction reserve price would "KILL" allowances by invalidating them …
Persistent link: https://www.econbiz.de/10012300226