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Market-based policies to address fossil fuel-related externalities including climate change typically operate by raising the price of those fuels. Increases in energy prices have important consequences for a typical U.S. household that spent almost $4,000 per year on electricity, fuel oil,...
Persistent link: https://www.econbiz.de/10014203556
this paper, we propose an objective function to evaluate these alternative "carbon tax policies to meet an emission target …." The objective function includes a discrete jump in marginal emission consequences at the target, where the discontinuity … can be interpreted as a true benefit measure or a necessary political constraint. We parameterize these emission …
Persistent link: https://www.econbiz.de/10012481084
A natural outcome of the emerging pledge and review approach to international climate change policy is the interest in comparing mitigation efforts among countries. Domestic publics and stakeholders will have an interest in knowing if “comparable” or “peer” countries are undertaking (or...
Persistent link: https://www.econbiz.de/10013011050
A natural outcome of the emerging pledge and review approach to international climate change policy is the interest in comparing mitigation efforts among countries. Domestic publics and stakeholders will have an interest in knowing if peer countries are undertaking (or planning to undertake)...
Persistent link: https://www.econbiz.de/10013019457
On efficiency grounds, the economics community has to date tended to emphasize price-based policies to address climate change -- such as taxes or a "safety-valve" price ceiling for cap-and-trade -- while environmental advocates have sought a more clear quantitative limit on emissions. This paper...
Persistent link: https://www.econbiz.de/10012464390
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The favored federal policy to address climate change is a domestic cap-and-trade system. However, a vocal minority of political leaders have begun arguing in favor of a carbon tax. Carbon taxes seem particularly attractive both for fiscal reasons and because they provide certainty over the price...
Persistent link: https://www.econbiz.de/10012775714
Using a simple analytical model incorporating benefits of a stock, costs of adjusting the stock, and uncertainty in costs, we uncover several important principles governing the choice of price-based policies (e.g., taxes) relative to quantity-based policies (e.g., tradable permits) for...
Persistent link: https://www.econbiz.de/10014113293