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Optimal Taxes on Fossil Fuel in General Equilibrium
Golosov, Mikhail - 2011
damage of emissions. This formula, which holds under quite plausible assumptions, reveals that the damage is proportional to …
Persistent link: https://www.econbiz.de/10013121038
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The Use of Group-Level Approaches to Environmental and Natural Resource Policy
Kotchen, Matthew; Segerson, Kathleen - 2022
Policies to address environmental and natural resource management are often implemented at the group level. The defining feature of such policies is that penalties or rewards are based on group rather than individual performance, or rights are allocated to a group rather than to individuals....
Persistent link: https://www.econbiz.de/10013299172
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Updating the Allocation of Greenhouse Gas Emissions Permits in a Federal Cap-and-Trade Program
Fowlie, Meredith - 2010
-level based on emissions or energy intensity and a measure of import penetration. Dynamic updating of permit allocations has the … potential to mitigate adverse competitiveness impacts and emissions leakage in eligible industries. It can also undermine the … cost-effectiveness of permit market outcomes, as more of the mandated emissions reductions must then be achieved by sources …
Persistent link: https://www.econbiz.de/10013138772
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Taxes, Permits, and Climate Change
Kaplow, Louis - 2010
ante distortions due to the anticipation of transition relief (such as by receiving more free permits for greater emissions …
Persistent link: https://www.econbiz.de/10013139280
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The Design and Implementation of U.S. Climate Policy : An Introduction
Fullerton, Don - 2011
While economic models have already proven useful to analyze big picture questions about climate policy such as the choice between a carbon tax or cap-and-trade permit system, the 19 chapters in this book show how economic models also are useful to address the many remaining smaller questions...
Persistent link: https://www.econbiz.de/10013119609
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Using the Market to Address Climate Change : Insights from Theory and Experience
Aldy, Joseph E. - 2011
Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity … shadow-price on carbon dioxide emissions. We examine alternative designs of three such instruments - carbon taxes, cap …
Persistent link: https://www.econbiz.de/10013119775
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Market Design in Cap and Trade Programs : Permit Validity and Compliance Timing
Holland, Stephen P. - 2012
Cap and trade programs have considerable heterogeneity in permit validity and compliance timing. For example, permits have different validity across time (e.g., banking, borrowing, and seasons) and space (e.g., zonal restrictions), and compliance timing can be annual, in overlapping cycles, or...
Persistent link: https://www.econbiz.de/10013106300
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Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems
Ranson, Matthew - 2014
participation and significant global CO2 emissions reductions at reasonable cost. We evaluate one important component of potential …
Persistent link: https://www.econbiz.de/10013065958
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The Effect of Allowing Pollution Offsets with Imperfect Enforcement
Sigman, Hilary - 2014
subject to an emissions cap to offset excessive emissions in that sector with pollution abatement in another sector. The … government may often find it more costly to verify offset claims than to verify compliance with emissions caps. Concerns about …
Persistent link: https://www.econbiz.de/10013068478
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Regulatory Choice with Pollution and Innovation
Kolstad, Charles D. - 2014
This paper develops a simple model of a polluting industry and an innovating firm. The polluting industry is faced with regulation and costly abatement. Regulation may be taxes or marketable permits. The innovating firm invests in R&D and develops technologies which reduce the cost of pollution...
Persistent link: https://www.econbiz.de/10013069351