Dieses Buch zeigt die fundamentalen Irrtümer der Klimapolitik, die so fatale Folgen haben können. In leicht verständlicher Weise wird zum Beispiel erläutert, warum man mit erneuerbaren Energien im Zeitalter des Emissionshandels kein CO einsparen kann oder warum die Entscheidungen der...

We show that imposition of a state-level environmental tax in a federation crowds out preexisting federal taxes. We explain how this vertical fiscal externality can lead unilateral state-level environmental policy to generate a welfare gain in the implementing state, at the expense of other...

We show that imposition of a state-level environmental tax in a federation crowds out preexisting federal taxes. We explain how this vertical fiscal externality can lead unilateral statelevel environmental policy to generate a welfare gain in the implementing state, at the expense of other...

Climate policy needs to set incentives for actors who face imperfect, distorted markets and large uncertainties about the costs and benefits of abatement. Investors price uncertain assets according to their expected return and risk (carbon beta). We study carbon pricing and financial incentives...