Showing 1 - 10 of 117
Several European countries have decided to phase out coal power generation. Emissions from electricity generation are … already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be … accompanied with cancellation of emissions allowances. In this paper we examine the consequences of phasing out coal, both for the …
Persistent link: https://www.econbiz.de/10012241075
Several European countries have decided to phase out coal power generation. Emissions from electricity generation are … already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be … accompanied with cancellation of emissions allowances. In this paper we examine the consequences of phasing out coal, both for the …
Persistent link: https://www.econbiz.de/10012249600
Persistent link: https://www.econbiz.de/10013347788
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012105543
Persistent link: https://www.econbiz.de/10011661537
Climate effects of unilateral carbon policies are undermined by carbon leakage. To counteract leakage and increase global cost-effectiveness carbon tariffs can be imposed on the emissions embodied in imports from non-regulating regions. We present a theoretical analysis on the economic...
Persistent link: https://www.econbiz.de/10010498566
Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...
Persistent link: https://www.econbiz.de/10011300313
We investigate how carbon taxes combined with output-based rebating (OBR) in an open economy perform in interaction with the carbon policies of a large neighboring trading partner. Analytical results suggest that whether the purpose of the OBR policy is to compensate firms for carbon tax burdens...
Persistent link: https://www.econbiz.de/10011305291
Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...
Persistent link: https://www.econbiz.de/10011305409
In absence of joint global climate action, several jurisdictions unilaterally restrict their domestic demand for fossil fuels. Another policy option for fossil fuel producing countries, not much explored, is to reduce own supply of fossil fuels. We explore analytically and numerically how...
Persistent link: https://www.econbiz.de/10010458581