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Canada's position as a global leader in oil and gas production, as well as a proponent of emissions reduction, has led to significant support for the commercialization of carbon capture, utilization and storage (CCUS) technology. Viewed as the best way to reduce emissions from heavy industry,...
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We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon … damage function. This result offers a simple rule to account for inequality in the design of climate policy. We show that … optimal climate policy dictates higher global net emissions relative to the first best. An important insight is that carbon …
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allows to reduce the optimal temperature below initial levels. Finally, we characterize three different policy regimes that … pricing. The policy regimes differ in their informational and institutional requirements regarding monitoring, liability and …
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What do markets for voluntary climate protection imply about people's valuations of en- vironmental protection? I study this question in a large-scale field experiment (N=255,000) with a delivery service, where customers are offered carbon offsets that compensate for emissions. To estimate...
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