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Carbon Taxes, Path Dependency and Directed Technical Change : Evidence from the Auto Industry
Aghion, Philippe - 2014
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 countries over several decades. We show that...
Persistent link: https://www.econbiz.de/10013064941
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Overlapping Climate Policies
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
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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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How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality
Weitzman, Martin - 2016
It is difficult to resolve the global warming free-rider externality problem by negotiating many different quantity targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are domestically retained) counters self-interest by incentivizing...
Persistent link: https://www.econbiz.de/10012993242
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Behavioral and Distributional Effects of Environmental Policy Introduction
Carraro, Carlo; Metcalf, Gilbert E. - 2021
Persistent link: https://www.econbiz.de/10013313324
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A Tax on Output of the Polluting Industry is Not a Tax on Pollution : the Importance of Hitting the Target
Fullerton, Don; Hong, Inkee; Metcalf, Gilbert E. - 2021
We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...
Persistent link: https://www.econbiz.de/10013230179
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The Promise and Problems of Pricing Carbon : Theory and Experience
Aldy, Joseph E. - 2011
Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful...
Persistent link: https://www.econbiz.de/10013118839
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The Possibilities for Global Poverty Reduction Using Revenues from Global Carbon Pricing
Davies, James B. - 2014
central case analysis, revenues from globally internalizing carbon pricing rise to 7% and then fall to 5% of gross world …
Persistent link: https://www.econbiz.de/10013068451
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How Large are the Impacts of Carbon Motivated Border Tax Adjustments
Dong, Yan - 2014
This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical … increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows … caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going …
Persistent link: https://www.econbiz.de/10013070430
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Cost Containment in Climate Change Policy : Alternative Approaches to Mitigating Price Volatility
Metcalf, Gilbert E. - 2009
Cap and trade systems are emerging as the front-running policy choice to address climate change concerns in many countries. One of the apparent attractions of this approach is the ability to achieve hard limits on emissions over a control period. The cost of achieving this certainty on emission...
Persistent link: https://www.econbiz.de/10013158039