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Level versus Equivalent Intensity Carbon Mitigation Commitments

Tian, Huifang - 2009

Large population / rapidly growing economies such as China and India have argued that in the upcoming UNFCCC …

Persistent link: https://www.econbiz.de/10012463280

China's Nationwide CO2 Emissions Trading System : A General Equilibrium Assessment

Goulder, Lawrence H.; Long, Xianling; Qu, Chenfei; Zhang, Da - National Bureau of Economic Research - 2023

China's recently launched CO2 emissions trading system, already the world's largest, aims to contribute importantly … structure and results from a multi-sector, multi-period equilibrium model tailored to evaluate China's TPS. The model … incorporates distinctive features of China's economy, including state-owned enterprises and electricity market regulation. It …

Persistent link: https://www.econbiz.de/10014421235

Firm Selection and Growth in Carbon Offset Markets : Evidence from the Clean Development Mechanism

Chen, Qiaoyi; Ryan, Nicholas; Xu, Daniel Yi - National Bureau of Economic Research - 2025

We study carbon offsets sold by firms in China under the Clean Development Mechanism (CDM). We find that offset …

Persistent link: https://www.econbiz.de/10015398089

On the Effects of Linking Voluntary Cap-and-Trade Systems for CO2 Emissions

Weitzman, Martin L. - 2018

Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...

Persistent link: https://www.econbiz.de/10012480654

Using Taxes to Meet an Emission Target

Harris, Robert I. - 2020

A sizeable number of papers beginning with Roberts and Spence (1976) have studied the use of price floors and ceilings (or "collars") to manage prices in tradable permit markets. In contrast, economists have only recently begun examining polices to manage quantities under a pollution tax....

Persistent link: https://www.econbiz.de/10012481084

How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality

Weitzman, Martin L. - 2016

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

Solar Geoengineering, Uncertainty, and the Price of Carbon

Heutel, Garth - 2015

We consider the socially optimal use of solar geoengineering to manage climate change. Solar geoengineering can reduce damages from atmospheric greenhouse gas concentrations, potentially more cheaply than reducing emissions. If so, optimal policy includes less abatement than recommended by...

Persistent link: https://www.econbiz.de/10012457313

Who Loses Under Power Plant Cap-and-Trade Programs?

Curtis, E. Mark - 2014

This paper tests how a major cap-and-trade program, known as the NOx Budget Trading Program (NBP), impacted labor markets in the regions where it was implemented. The cap-and-trade program dramatically decreased levels of NOx emissions and added substantial costs to energy producers. Using a...

Persistent link: https://www.econbiz.de/10012457858

Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies

Fullerton, Don - 2014

In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...

Persistent link: https://www.econbiz.de/10012458333

Linkage of Greenhouse Gas Emissions Trading Systems : Learning from Experience

Ranson, Matthew - 2014

Linkage is a multi-faceted policy decision that can be used by political jurisdictions to achieve a variety of objectives, and we find evidence that many economic, political, and strategic factors - ranging from geographic proximity to integrity of emissions reductions - influence the decision...

Persistent link: https://www.econbiz.de/10012458840