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Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...
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This policy brief builds on results arising from the mitigation and policy appraisal research domains of the ADAM project (Adaptation and Mitigation Strategies: Supporting European Climate Policy). Funded by the European Commission and coordinated by the Tyndall Centre for Climate Change...
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The first pillar of the old paradigm of carbon pricing is the assumption that an emissions trading scheme is the most cost-efficient way to achieve a certain emission reduction target. However, it has become obvious that the old paradigm is unable to solve a number of challenges, e.g. market...
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fossiler Ressourcen nicht in die Atmosphäre gelangen zu lassen. Deshalb kann CCS auch nur dann eine Option für den Klimaschutz … sein, wenn es einen ambitionierten Klimaschutz gibt: "Dieser ist jedoch nur möglich, wenn es in den nächsten zehn Jahren … einen globalen Emissionshandel gibt, bei dem sich ein CO2-Preis ergibt, der die tatsächliche Knappheit des Deponieraums der …
Persistent link: https://www.econbiz.de/10003803343
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
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Climate policies, including removing fossil fuel subsidies or imposing carbon prices, can be designed in a way that is both efficient in addressing climate change and results in a fair distribution of the associated costs.
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