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Carbon Border Adjustments, Climate Clubs, and Subsidy Races When Climate Policies Vary
Clausing, Kimberly A.; Wolfram, Catherine D. - National Bureau of Economic Research - 2023
international competition in the presence of divergent climate policy approaches may result in subsidy races, which come with their …
Persistent link: https://www.econbiz.de/10014322698
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The Unequal Economic Consequences of Carbon Pricing
Känzig, Diego R. - National Bureau of Economic Research - 2023
This paper studies the economic impacts of carbon pricing. Exploiting institutional features of the European carbon market and high-frequency data, I document that a tighter carbon pricing regime leads to higher energy prices, lower emissions and more green innovation. This comes at the cost of...
Persistent link: https://www.econbiz.de/10014287322
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Is Broader Always Better? Preexisting Distortions, Emissions Elasticities, and the Scope of Emissions Pricing
Goulder, Lawrence H.; Hafstead, Marc A. C.; Williams, … - National Bureau of Economic Research - 2024
might lament any departure from broad carbon pricing, citing efficiency costs. This paper offers theory and numerical …
Persistent link: https://www.econbiz.de/10015072857
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Trade, Leakage, and the Design of a Carbon Tax
Weisbach, David A.; Kortum, Samuel; Wang, Michael Y.; … - National Bureau of Economic Research - 2022
Climate policies vary widely across countries, with some countries imposing stringent emissions policies and others doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to places with few or no emissions restrictions, an effect...
Persistent link: https://www.econbiz.de/10013334461
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Can a Unilateral Carbon Tax Reduce Emissions Elsewhere?
Elliott, Joshua - 2013
Most CGE models do not allow for negative leakage. In this paper, we use a full CGE model with many countries and many goods to measure effects in a way that allows for negative leakage. We vary elasticities of substitution and confirm the analytical model's prediction that negative leakage...
Persistent link: https://www.econbiz.de/10012459764
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Policy Uncertainty Reduces Green Investment
Wang, Mengyu; Wurgler, Jeffrey; Zhang, Hong - National Bureau of Economic Research - 2023
pollution that lead to fluctuations in subsidy allocations: Firms in cities where weather-driven subsidy uncertainty is high …
Persistent link: https://www.econbiz.de/10014322788
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Regulating Untaxable Externalities : Are Vehicle Air Pollution Standards Effective and Efficient?
Jacobsen, Mark R.; Sallee, James M.; Shapiro, Joseph S.; … - National Bureau of Economic Research - 2022
What is a feasible and efficient policy to regulate air pollution from vehicles? A Pigouvian tax is technologically … infeasible. Most countries instead rely on exhaust standards that limit air pollution emissions per mile for new vehicles. We … assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …
Persistent link: https://www.econbiz.de/10013477194
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Informationally Efficient Climate Policy : Designing Markets to Measure and Price Externalities
Lemoine, Derek - National Bureau of Economic Research - 2022
I study how policymakers can access and act on the information about climate change damages that is dispersed throughout the economy. I analyze a new dynamic deposit-refund instrument (called "carbon shares") that I show can: i) efficiently price emissions conditional on information, ii)...
Persistent link: https://www.econbiz.de/10013435097
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Transition to Clean Technology
Acemoglu, Daron - 2014
We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation--in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to...
Persistent link: https://www.econbiz.de/10012457923
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Environmental Economics, Regulation, and Innovation
Greaker, Mads; Popp, David - National Bureau of Economic Research - 2022
This paper provides a primer on the economics of environmental innovation. Our intention is not to write a pure review paper, but to also provide an up-to-date textbook treatment on the issue. Thus, we start by defining the marginal costs of both emissions and of emissions abatement. We then...
Persistent link: https://www.econbiz.de/10013388770