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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
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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
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Market-Based Emissions Regulation and Industry Dynamics
Fowlie, Meredith - 2012
We assess the long-run dynamic implications of market-based regulation of carbon dioxide emissions in the US Portland cement industry. We consider several alternative policy designs, including mechanisms that use production subsidies to partially offset compliance costs and border tax...
Persistent link: https://www.econbiz.de/10013096131
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Profiting from Regulation : An Event Study of the EU Carbon Market
Bushnell, James - 2014
firms to volatility in regulatory costs, but are typically accompanied by property rights in the form of grandfathered …
Persistent link: https://www.econbiz.de/10013070488
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Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change
Hambel, Christoph - 2015
growth rate impact if damages are presumably severe. We also study the effect of varying risk aversion and elasticity of … intertemporal substitution on our results. If damages are moderate for high temperatures, risk aversion only matters when climate … temperatures, then the results also become sensitive to risk aversion for both damage specifications …
Persistent link: https://www.econbiz.de/10013025253
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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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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
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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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Explaining the Price of Voluntary Carbon Offsets
Conte, Marc - 2014
This paper investigates factors that explain the large variability in the price of voluntary carbon offsets. We estimate hedonic price functions using a variety of provider- and project-level characteristics as explanatory variables. We find that providers located in Europe sell offsets at...
Persistent link: https://www.econbiz.de/10013070813
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Public Policies Against Global Warming
Sinn, Hans-Werner - 2007
Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies -- such as increasing ad-valorem taxes on carbon consumption or...
Persistent link: https://www.econbiz.de/10012775908