Es wird aufgezeigt, wie sich der umweltpolitische Lenkungsmechanismus einer Kohlendioxydabgabe in effezienter Weise auf eine Reihe weiterer Treibhausgase ausdehnen läßt (Methan, Distickstoffoxyd, Fluorchlorkohlenwasserstoffe). Mit Hilfe eines Optimierungsmodells werden die theoretischen...

This paper considers the question under what conditions domestic markets of emission permits would and should merge to become an international market. Emission permits are licenses, and so governments would need to recognize other countries' permits. In a two-county model, we find that it is in...

The authors estimate the growth rate of the social cost of carbon. This is an indication of the optimal rate of acceleration of greenhouse gas emission reduction policy over time. The authors find that the social cost of carbon increases by 1.3% to 3.9% per year, with a central estimate of 2.2%....

This article surveys the literature on the economic impact of climate change. Different methods have been used to estimate the impact of climate change on human welfare. Studies agree that there are positive and negative impacts. In the short term, positive impacts may dominate, but these are...

Carbon dioxide emissions are a major force driving climate change. We construct scenarios of CO2 emissions from fossil energy until 2100 in Europe. Major innovations are first that economic growth is based on an endogenous economic growth model and second that we calibrate our model to...