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Climate Policy and the Economy : Evidence from Europe's Carbon Pricing Initiatives
Känzig, Diego R.; Konradt, Maximilian - National Bureau of Economic Research - 2023
This paper investigates the impact of carbon pricing on the economy, with a focus on European carbon taxes and the carbon market. Our analysis reveals three key findings. First, while both policies have successfully reduced emissions, the economic costs of the European carbon market are larger...
Persistent link: https://www.econbiz.de/10014287360
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Linkage of Greenhouse Gas Emissions Trading Systems : Learning from Experience
Ranson, Matthew - 2014
linkage, such as loss of control over domestic carbon policies, which do not appear to have deterred real-world decisions to …The last ten years have seen the growth of linkages between many of the world's cap-and-trade systems for greenhouse …
Persistent link: https://www.econbiz.de/10012458840
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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/10012453241
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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/10012455747
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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/10012459564
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Free Trade and Global Warming : A Trade Theory View of the Kyoto Protocol
Copeland, Brian R. - 2000
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/10012471110
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Carbon Markets : Past, Present, and Future
Newell, Richard G. - 2012
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/10012460144
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Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems
Ranson, Matthew - 2012
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/10012460519
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Setting the Initial Time-Profile of Climate Policy : The Economics of Environmental Policy Phase-Ins
Williams, Roberton C, III. - 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/10012462536
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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/10012455867