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Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensive industries. While leakage provides a efficiency argument for differential emission pricing, the latter may be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...
Persistent link: https://www.econbiz.de/10012462752
We compare the spatial distribution of emissions from Southern California's pollution-trading program with that of a …
Persistent link: https://www.econbiz.de/10012479617
greenhouse gases throughout the industrialized world, and the Clean Development Mechanism -- an international emission …
Persistent link: https://www.econbiz.de/10012464215
, forms and possible impacts of each variant. We also speculate as to how the world trading system may evolve in the next few …
Persistent link: https://www.econbiz.de/10012464216
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/10012463356
the country level with data on pollution intensity at the industry level to show that countries with laxer environmental …. We propose an instrument for environmental regulation based on meteorological determinants of pollution dispersion identi …...ed by the atmospheric pollution literature. We find that the effect of environmental regulation on the pattern of trade is …
Persistent link: https://www.econbiz.de/10012460327
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/10012465195
We review the optimal pattern of carbon emission abatements across countries in a simple multi-country world. We model …
Persistent link: https://www.econbiz.de/10012474525
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/10012456478
relation to the environment, because services in general contribute relatively little to overall pollution, and those … trade. While each is undoubtedly important, they are unrelated. In this paper I show that the services-environment link is … small, for two reasons. First, services account for only a small fraction of overall pollution. For none of five major air …
Persistent link: https://www.econbiz.de/10012463712