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Perino, Grischa - 2019

Major carbon-pricing systems in Europe and North America involve multiple jurisdictions (countries or states). Individual jurisdictions often pursue additional initiatives—such as unilateral carbon price floors, legislation to phase out coal, aviation taxes or support programs for renewable...

Persistent link: https://www.econbiz.de/10012890770

Linkage of Greenhouse Gas Emissions Trading Systems : Learning from Experience

Ranson, Matthew - 2015

The last ten years have seen the growth of linkages between many of the world's cap-and-trade systems for greenhouse … loss of control over domestic carbon policies, which do not appear to have deterred real-world decisions to link …

Persistent link: https://www.econbiz.de/10013034381

Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies

Nordhaus, William D. - 2016

Climate change remains one of the major international environmental challenges facing nations. Up to now, nations have to date adopted minimal policies to slow climate change. Moreover, there has been no major improvement in emissions trends as of the latest data. The current study uses the...

Persistent link: https://www.econbiz.de/10012977286

Climate Policy Under Cooperation and Competition between Regions with Spatial Heat Transport

Cai, Yongyang - 2018

We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat transport from the Equator to the Poles, sea level rise,...

Persistent link: https://www.econbiz.de/10012922987

Industry Compensation Under Relocation Risk : A Firm-Level Analysis of the EU Emissions Trading Scheme

Martin, Ralf - 2013

When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it...

Persistent link: https://www.econbiz.de/10013080845

Carbon Markets : Past, Present, and Future

Newell, Richard G. - 2014

Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...

Persistent link: https://www.econbiz.de/10013065089

Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems

Ranson, Matthew - 2014

The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions...

Persistent link: https://www.econbiz.de/10013065958

Free Trade and Global Warming : A Trade Theory View of the Kyoto Protocol

Copeland, Brian R.; Taylor, M. Scott - 2021

economies, are false or need serious amendment in a world with international trade in goods. Since the three results we … a re-examination may be in order. Specifically, we demonstrate that in an open trading world, but not in a closed …

Persistent link: https://www.econbiz.de/10013224928

Setting the Initial Time-Profile of Climate Policy : The Economics of Environmental Policy Phase-Ins

Williams, Roberton C. - 2010

This paper considers the question of under what circumstances a new environmental regulation should "phase in" gradually over time, rather than being immediately implemented at full force. The paper focuses particularly on climate policy, though its insights are more general. It shows that while...

Persistent link: https://www.econbiz.de/10013141862

On a World Climate Assembly and the Social Cost of Carbon

Weitzman, Martin - 2016

This paper postulates the conceptually useful allegory of a futuristic “World Climate Assembly” (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world “Social Cost of Carbon” (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …

Persistent link: https://www.econbiz.de/10012979375

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