This paper documents a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non …, substantially accounts for this pattern. The downstream pattern can be explained by theories where industries lobby for low tariffs …

unilateral climate policies. Embodied carbon tariffs tax the direct and indirect carbon emissions embodied in imported goods. The …, carbon tariffs could substantially extend the reach of OECD climate policies. We investigate this claim by simulating the … effects of embodied carbon tariffs with a computable general equilibrium model of global trade and energy use. We find that …

emissions, no single small country can use a combination of carbon taxes and carbon tariffs to fully correct the problem caused …

, respectively. Across these matched pairs, the cap-and-trade mechanism produced much higher wholesale electricity prices (38.5% to …We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap … compared three matched carbon-tax/cap-and-trade pairs with equivalent emissions targets, mean emissions, and mean carbon prices …