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Consumer decisions are essential in reducing CO2 emissions released by human activities. Climate policies aimed at reducing consumers' carbon footprint require societal embrace and leaving no one behind; however, they often negatively affect low-income families and rural households with limited...
Persistent link: https://www.econbiz.de/10015077621
with (i) the introduction of carbon pricing regardless of the price level, (ii) the elasticity of emissions with respect to … to the price level itself. We find a small and imprecisely estimated semi-elasticity of a 0.03% reduction in emissions …
Persistent link: https://www.econbiz.de/10013235976
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and imprecisely estimated semi-elasticity (a 0.03 percentage point reduction in emissions growth per average $1/tCO2 …). Using our semi-elasticity estimates, we simulate the response of future global emissions to plausible carbon price …
Persistent link: https://www.econbiz.de/10014078719
supply-price elasticity increases. The intuition is that inputs with low supplyprice elasticities experience larger price …
Persistent link: https://www.econbiz.de/10013296557
We study the response of CO2 emissions to carbon pricing for a cross-country panel covering 1990–2016 using newly constructed sector-specific carbon price data. Unlike previous empirical studies evaluating carbon pricing impacts, we explicitly distinguish between the effects of policy...
Persistent link: https://www.econbiz.de/10013297291
The income elasticity of carbon footprint is a summary variable often used to describe the relationship between income … and carbon footprints. Previous studies primarily calculate this elasticity using emissions intensities per monetary unit … between income and carbon footprints may be smaller than previously thought. Our method produces an income elasticity estimate …
Persistent link: https://www.econbiz.de/10014241854
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Energy subsidies have been criticized due to their economic inefficiency and promotion of wasteful usage of energy and associated carbon emissions. Conversely, environmental taxes are advocated as efficient policy instruments. Nonetheless, removing subsidies and taxing energy can be politically...
Persistent link: https://www.econbiz.de/10011913275