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The legal and economic case for an auction reserve price in the EU emissions trading system
Fischer, Carolyn; Reins, Leonie; Burtraw, Dallas; … - 2019 - Current Version: September 30, 2019
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012119540
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Fixed Price Auction : A Simple Truth Telling Carbon Pricing Mechanism
Qian, Haoqi - 2018
This paper proposes a fixed price auction mechanism to overcome asymmetric information problem considering firms with … heterogeneous emission abatement costs. When facing fixed price permit auction and emission trading market, firms will make trade … compare performances of fixed price auction scheme to pure price scheme and pure quantity scheme. Simulation results are …
Persistent link: https://www.econbiz.de/10012911396
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Carbon pricing, carbon dividends and cooperation : experimental evidence
Bachler, Sebastian; Flecke, Sarah Lynn; Huber, Jürgen; … - 2023
Anthropogenic climate change is one of the most pressing global issues today and finding means of mitigation is of utmost importance. To this end, we investigate whether carbon taxes on their own and coupled with revenue recycling schemes (symmetric or asymmetric carbon dividends) improve...
Persistent link: https://www.econbiz.de/10014299585
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The politics of market linkage : linking domestic climate policies with international political economy
Green, Jessica F.; Sterner, Thomas; Wagner, Gernot - 2014
After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top-down" approach embodied by the Kyoto Protocol has all but stalled, chiefly due to disagreements over levels of ambition and objections to financial transfers. To avoid those...
Persistent link: https://www.econbiz.de/10010373734
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Climate policy and trade in polluting technologies
Ferguson, Shon; Heijmans, Roweno - 2023
This study estimates the impact of carbon pricing on international trade in equipment used in the combustion of fossil fuels during the period 1995-2021. Using detailed data on bilateral trade combined with data on domestic carbon prices, we find that carbon pricing policies are associated with...
Persistent link: https://www.econbiz.de/10014332164
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Evaluating policies to implement the Paris agreement : a toolkit with application to China
Parry, Ian W. H.; Shang, Baoping; Vernon, Nate; … - 2016
This paper describes a model, implemented in an Excel spreadsheet, for evaluating a wide range of fiscal and regulatory instruments policymakers might consider for implementing their Paris mitigation pledges. Policies are evaluated against a range of metrics, including impacts on carbon dioxide...
Persistent link: https://www.econbiz.de/10011547913
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Environmental and economic impact of carbon credit in Makassar City in Indonesia
Miyata, Yuzuru; Shibusawa, Hiroyuki; Fukuda, Takahide - 2015
Economic measures are advanced to environmental problems in EU nations. The economic approach imposes a constant economic load on activities negatively affecting the environment, and it is also a technique for giving a constant profit for activities conserving the environment. The whole society...
Persistent link: https://www.econbiz.de/10011483125
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Reflections on the international coordination of carbon pricing
Parry, Ian W. H. - 2016
The efficiency effects of carbon pricing depend on how it impacts distortions in fossil fuel markets, most notably from local air pollution externalities. By offsetting these distortions, carbon pricing may generate significant net economic benefits, so it is in countries own interests to...
Persistent link: https://www.econbiz.de/10011497937
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Towards consistent and effective carbon pricing in Germany?
Capozza, Ivana; Curtin, Joseph - 2012
Germany committed itself to challenging greenhouse gas (GHG) emission reduction targets to 2020 and beyond. It has implemented a composite mix of policy measures to achieve its climate change mitigation goals, including a range of market-based instruments. These measures have helped reduce...
Persistent link: https://www.econbiz.de/10009685844
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Carbon pricing under binding political constraints
Jenkins, Jesse D.; Karplus, Valerie J. - Joint Institute for Strategic Energy Analysis - 2016
The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...
Persistent link: https://www.econbiz.de/10011456178