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Environmental Policy and Directed Technological Change : Evidence from the European Carbon Market
Calel, Raphael; Dechezleprêtre, Antoine - 2014
The European Union Emissions Trading Scheme (EU ETS) has aimed to encourage the development of low-carbon technologies … by putting a price on carbon emissions. Using a newly constructed data set that links 8.5 million European companies with …
Persistent link: https://www.econbiz.de/10014041059
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Enforcement and Environmental Quality in a Decentralized Emission Trading System
Valentini, Edilio; D'Amato, Alessio - 2014
This paper addresses the issue of whether the powers of monitoring compliance and allocating tradeable emissions … full compliance, while regulated firms choose actual emissions and the number of permits to be held. We identify various … lower emissions and greater welfare under a decentralized institutional setting than under a centralized one. However, while …
Persistent link: https://www.econbiz.de/10014211875
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Can Uncertainty Justify Overlapping Policy Instruments to Mitigate Emissions?
Lecuyer, Oskar - 2013
implement an additional instrument encouraging the reduction of emissions, for instance a renewable energy subsidy. Our analysis …
Persistent link: https://www.econbiz.de/10013089296
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Environmental Policy and Investment Location : The Risk of Carbon Leakage in the EU ETS
D’Arcangelo, Filippo M.; Galeotti, Marzio - 2022
the analysis and leverage it. We derive conditions for the firm’s optimal emissions to construct a measure of investment …
Persistent link: https://www.econbiz.de/10014239255
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The Environment and Directed Technical Change : Comment
Hourcade, Jean-Charles; Pottier, Antonin; Etienne, Espagne - 2015
This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield...
Persistent link: https://www.econbiz.de/10014173779
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The Environment and Directed Technical Change
Acemoglu, Daron - 2010
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10013138721
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Optimal Emission Policy Under the Risk of Irreversible Pollution
Ayong le Kama, Alain; Pommeret, Aude; Prieur, Fabien - 2011
for the risk of irreversibility induces more conservative decisions regarding consumption and polluting emissions. In …
Persistent link: https://www.econbiz.de/10014185878
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Linking of Repeated Games : When Does it Lead to More Cooperation and Pareto Improvements?
Mouche, Pierre H. M. van; Folmer, Henk - 2007
Linking of repeated games and exchange of concessions in fields of relative strength may lead to more cooperation and to Pareto improvements relative to the situation where each game is played separately. In this paper we formalize these statements, provide some general results concerning the...
Persistent link: https://www.econbiz.de/10014050150
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Environmental Taxation and International Eco-Industries
Canton, Joan - 2014
Environmental policies are discussed when two countries differ in their ability to abate pollution. Northern eco-industries (the industry supplying abatement activities) are more efficient than Southern ones. Segmented environmental markets and a Northern monopoly yield identical second-best...
Persistent link: https://www.econbiz.de/10014052214
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Redealing the Cards : How the Presence of an Eco-Industry Modifies the Political Economy of Environmental Policies
Canton, Joan - 2007
An incumbent government maximizes its chances of being reelected. Its objective function encompasses both social welfare and political contributions. Its only instrument is a pollution tax. In an open-economy context, we introduce an eco-industry in addition to lobbies of polluting firms and...
Persistent link: https://www.econbiz.de/10014052215