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The 1997 Kyoto Conference introduced emissions trading as a new policy instrument for climate protection. Bringing … theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market … trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and …
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Climate policy raises a number of challenges for the energy sector, the most significant being the transition from a … future role of emissions trading in climate policy and the energy sector. It offers an overview of existing trading systems …
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A unilateral carbon tax trades off the distortionary costs of taxation and the future gains from slowing down global warming. Because the cost is local and immediate, whereas the benefit is global and delayed, this tradeoff tends to be unfavorable to unilateral carbon taxes. We show that this...
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In this work we update the regionalization and the calibration of the Regional dynamic Integrated model of Climate and …. Our aim is to assess the impact of climate change damages on their main macroeconomic variables in a context where all … future catastrophic event, triggered by the temperature increase and variation over time, following the approach of …
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final form of climate policy regimes to become effective. …
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