Climate policy in the European Union (EU) and Germany changed significantly with the adoption of net-zero emissions … and storage of CO2 (carbon capture and storage, CCS), but also CO2 capture and utilisation (carbon capture and utilisation …-to-abate emissions. This is particularly important because it will determine the overall ambition of climate policy as well as shape …

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 …

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 …

recognizing forest carbon in climate policy. Specifically, we investigate the impact of an asymmetric carbon policy that …