Climate policy spillovers can be either positive or negative since firms change their production processes in response … how spillovers can be decomposed into output effects (which have ancillary benefits) and substitution effects (which may … climate policy. I then test for climate policy spillovers in electricity power generation. The estimates are consistent with …

-jurisdictional spillovers. Alternatively, central governments may internalize spillovers, but impose uniform regulations ignoring local hetero … policy for two reasons. First, inter-state spillovers are simply more important that inter-state hetero-geneity in this …

spillovers associated with diverse policy approaches to climate change. First, when countries have different levels of climate … policy spillovers, but when countries have divergent policy approaches, one policy alone will not be able to address both … types of spillovers. We also consider the policy dynamics that result from carbon border adjustments and climate clubs; both …