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Compliance links between CO2 emission trading programs--where firms regulated under one region's tradable permit program can comply using permits from another region, and vice-versa--are beginning to arise as a vehicle to lower costs, increase liquidity, and strengthen institutions while...
Persistent link: https://www.econbiz.de/10010890094
emissions directly, policy makers may tax gasoline even though per-gallon emissions vary across vehicles. This paper estimates …. First, we show that vehicle emissions are positively correlated with vehicle elasticities for miles traveled with respect to … performs very poorly in eliminating deadweight loss associated with vehicle emissions; in many years in our sample over 75 …
Persistent link: https://www.econbiz.de/10010951204
Economists have tended to view cap and trade (or, more generally, emissions pricing) as more cost-effective than a … clean energy standard (CES) for the purpose of reducing greenhouse gas emissions associated with electricity generation …. This stems in part from the finding that, in terms of cost-effectiveness, a CES relies too much on emissions abatement …
Persistent link: https://www.econbiz.de/10010951479
of variation and correlation in country-level carbon dioxide emissions and GDP suggests the ranking of an emissions …
Persistent link: https://www.econbiz.de/10005084601
Quantity-based regulation with banking allows regulated firms to shift obligations across time in response to periods of unexpectedly high or low marginal costs. Despite its wide prevalence in existing and proposed emission trading programs, banking has received limited attention in past welfare...
Persistent link: https://www.econbiz.de/10009652892
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/10009325507
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/10009328093
nations to put in place policies that bring about meaningful reductions in the emissions of greenhouse gases. Due to the … ubiquity and diversity of emissions of greenhouse gases in most economies, as well as the variation in abatement costs among …
Persistent link: https://www.econbiz.de/10009359898
If a coalition of countries implements climate policies, nonparticipants tend to consume more, pollute more, and invest too little in renewable energy sources. In response, the coalition's equilibrium policy distorts trade and is not time-consistent. This paper derives conditions for when...
Persistent link: https://www.econbiz.de/10008631703
California's Global Warming Solutions Act of 2006 limits California's greenhouse gas (GHG) emissions in 2020 to their … opportunities truly exist to substantially reduce emissions at no cost, or whether studies reaching such conclusions may simply …. In some cases, the studies focus on the costs of particular actions to reduce emissions, but fail to consider the …
Persistent link: https://www.econbiz.de/10005718664