Carbon pricing is on the rise, as evidenced, for example, by the European Commission's proposal to extend the trade in carbon emissions to the building and transport sectors. An important feature of carbon pricing is that it generates revenues which can be rebated to households. Rebating the...

Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, by creating this system to reduce SO2 emissions to curb acid...

In den USA, weltweit zweitgrößte Wirtschaftsmacht und gleichzeitig zweitgrößter Emittent von Treibhausgasen, war die Regierungsübernahme durch die Obama-Administration im Jahr 2008 geprägt von großen Hoffnungen nach der klimapolitischen Abstinenz der Bush-Regierung (Moslener/Sturm 2008,...

Mit der Einführung des europäischen Emissionshandelssystems kommt es zwangs-läufig zu einer Überschneidung der Regelungsbereiche mit der in Deutschland be-reits existierenden Ökosteuer. In diesem Artikel wird diskutiert, inwieweit durch die direkte und indirekte Interaktion beider...

Starting in 2005, the EU will implement a CO2 emissions trading scheme. In this paper we show that the outspoken goals of economic efficiency and free allocation of allowances are incompatible with harmonized allocation rules. In general, the assignment of allowances is endogenous and differs...

Energy markets and energy-intensive industries in all EU member states – especially in Germany – are subject to a diverse set of policies related to climate change. We analyse the potential efficiency losses from simultaneous application of emission taxes and emissions trading in qualitative...