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to climate neutrality play a central role in this, as the sector is responsible for 16 percent of the EU's CO2 emissions … Energy and Climate Plans and in the EU governance structure. …
Persistent link: https://www.econbiz.de/10012500609
might be considered to reform the EU Emissions Trading Scheme (EU ETS). In this paper, we have decided to focus on three … for the carbon costs incurred on basic materials embodied in products. Finally, under the third model, the EU ETS would be … complemented with a climate contribution charged for materials sold in the European Union (EU) at the product benchmark level …
Persistent link: https://www.econbiz.de/10012180861
, both in the EU and beyond. Second, the paper presents an analysis of the provisions in WTO law that would apply to product …
Persistent link: https://www.econbiz.de/10012134468
Carbon pricing decisions by governments are prone to time-inconsistency, which causes the private sector to underinvest in emission-reducing technologies. We show that incentives for decarbonization can be improved if complementing carbon pricing with carbon contracts for differences, where the...
Persistent link: https://www.econbiz.de/10012197900
In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price-investment equilibrium can be sustained in the...
Persistent link: https://www.econbiz.de/10011771753
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Industrialized countries and emerging economies must cooperate in order to decarbonize the emissions-intensive industrial sector and to limit global warming to 1.5 degrees Celsius. While Germany and the other G7 countries have committed to supporting emerging economies in their efforts to combat...
Persistent link: https://www.econbiz.de/10013410739
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