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On the Geographic Implications of Carbon Taxes
Conte, Bruno; Desmet, Klaus; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2022
A unilateral carbon tax trades off the distortionary costs of taxation and the future gains from slowing down global warming. Because the cost is local and immediate, whereas the benefit is global and delayed, this tradeoff tends to be unfavorable to unilateral carbon taxes. We show that this...
Persistent link: https://www.econbiz.de/10013462726
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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
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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
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Local Carbon Policy
Cruz, José-Luis; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2022
We study local carbon policy to address the consequences of climate change. Standard analysis suggests that the social cost of carbon determines optimal carbon policy. We start by using the spatial integrated assessment model in Cruz and Rossi-Hansberg (2021) to measure the local social monetary...
Persistent link: https://www.econbiz.de/10013210055
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Do Pollution Markets Harm Low Income and Minority Communities? Ranking Emissions Distributions Generated by California's RECLAIM Program
Mansur, Erin T. - 2019
We compare the spatial distribution of emissions from Southern California's pollution-trading program with that of a counterfactual command-and-control policy. We develop a normatively significant metric with which to rank the various distributions in a manner consistent with an explicit...
Persistent link: https://www.econbiz.de/10012479617
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The Future of U.S. Carbon-Pricing Policy
Stavins, Robert - 2019
There is widespread agreement among economists - and a diverse set of other policy analysts - that at least in the long run, an economy-wide carbon pricing system will be an essential element of any national policy that can achieve meaningful reductions of CO2 emissions cost-effectively in the...
Persistent link: https://www.econbiz.de/10012479861
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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
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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
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The Macroeconomic Impact of Europe’s Carbon Taxes
Metcalf, Gilbert E. - 2020
Policy makers often express concern about the impact of carbon taxes on employment and GDP. Focusing on European countries that have implemented carbon taxes over the past 30 years, we estimate the macroeconomic impacts of these taxes on GDP and employment growth rates for various specifications...
Persistent link: https://www.econbiz.de/10012481343
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Do Environmental Markets Cause Environmental Injustice? Evidence from California’s Carbon Market
Hernandez-Cortes, Danae - 2020
Market-based environmental policies are widely adopted on the basis of allocative efficiency. However, there is a growing distributional concern that market forces could increase the pollution exposure gap between disadvantaged and other communities by spatially reallocating pollution. We...
Persistent link: https://www.econbiz.de/10012481788