carbon-pricing mechanisms. We examine the opportunities and challenges associated with the major options for carbon pricing …: carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions …

the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon … intensity of energy, and - more broadly - a more carbon-lean economy. The only approach to doing this on a meaningful scale that … would be technically feasible and cost-effective is carbon pricing, that is, market-based climate policies that place a …

We assess the long-run dynamic implications of market-based regulation of carbon dioxide emissions in the US Portland … and allocative inefficiencies due to market power in the domestic cement market counteract the social benefits of carbon …

improving. In the presence of uncertainty about damages and abatement costs, differentiated policies need not welfare dominate …

Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight … variety of other types of policies alongside the carbon markets. This sits in sharp contrast to the integrated global trading … overseeing carbon markets must confront how to measure the comparability of efforts among markets and relative to a variety of …

permit prices affect: (1) the direct and indirect input costs, (2) output revenue, and (3) the carbon permit asset value … industries and firms. We run an event study of the carbon price crash on April 25, 2006 by examining the daily stock returns for … 90 stocks from carbon intensive industries and approximately 600 stocks in the broad EUROSTOXX index. In general, firms …