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places with few or no emissions restrictions, an effect known as leakage. Relocated industries would continue to pollute but … would be operating in a less desirable location. We consider solutions to the leakage problem in a simple setting where one … tax rate on production lower due to leakage; (3) taxing only production (on the demand side), however, would be …
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rate than the extraction tax rate, and (iii) a goods-specific export subsidy. The policy controls leakage by combining …
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production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to …
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-ordinated multilateral action), the parallel concern of carbon leakage — whereby domestic reductions in emissions are partially or wholly …
Persistent link: https://www.econbiz.de/10010230663
A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...
Persistent link: https://www.econbiz.de/10013285515
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....
Persistent link: https://www.econbiz.de/10012828789
Climate change poses an existential threat. The authors argue that carbon pricing and green research and development (R&D) support are good economics, but their implementation can be improved. Even if carbon prices are generalized and given more substance, green R&D is still likely to be smaller...
Persistent link: https://www.econbiz.de/10014238463