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Climate policies under climate model uncertainty : max-min and min-max regret
Rezai, Armon; Ploeg, Frederick van der - 2017 - Revised May 2017
derives max-min, max-max and min-max regret policies to deal with this particular form of climate (model) uncertainty and with …
Persistent link: https://www.econbiz.de/10011718250
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Pricing Forest Carbon : Implications of Asymmetry in Climate Policy
Eriksson, Mathilda - 2016
In this paper, we use an integrated assessment model to examine the implications of not recognizing, and partially recognizing forest carbon in climate policy. Specifically, we investigate the impact of an asymmetric carbon policy that recognizes emissions from fossil fuels while ignoring...
Persistent link: https://www.econbiz.de/10012993708
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A Dynamic Game of Emissions Pollution with Uncertainty and Learning
Masoudi, Nahid - 2014
We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and … ecological uncertainty but they gain information (learn) about it. We then compare our learning model with the benchmark model of … full information, where players know the distribution of ecological uncertainty. We find that uncertainty due to …
Persistent link: https://www.econbiz.de/10013050176
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Unilateral reduction of medium-term carbon emissions via taxing emissions and consumption
Eichner, Thomas; Pethig, Rüdiger - 2011
Internalizing the global negative externality of carbon emissions requires flattening the extraction path of non-renewable fossil-fuel resources (= world carbon emissions). Following Eichner and Pethig (2011b) we set up a two-country two-period model in which one of the countries represents a...
Persistent link: https://www.econbiz.de/10009489809
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Externalities in risky resource markets : optimal taxes, leakage and divestment : presented at CESifo Area Conference on Energy and Climate Economics, October 2015
Habermacher, Florian - 2016
uncertain fuel market returns. Without uncertainty, the unilateral investment tax is welfare-neutral: costless but ineffective … divestment. With uncertainty, the regional investment choice affects global fuel usage, and correspondingly the optimal regional …
Persistent link: https://www.econbiz.de/10011454043
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Climate policy enhances efficiency : a macroeconomic portfolio effect
Siegmeier, Jan; Mattauch, Linus; Edenhofer, Ottmar - 2015
Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...
Persistent link: https://www.econbiz.de/10010472696
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A public finance perspective on climate policy : six interactions that may enhance welfare
Siegmeier, Jan; Mattauch, Linus; Franks, Max; Klenert, David - 2015
Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...
Persistent link: https://www.econbiz.de/10010508515
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Carbon leakage : a medium- and long-term view
Habermacher, Florian - 2015
Future market developments determine the fate of fossil fuel carbon currently conserved unilaterally. Dynamic fuel depletion naturally suggests leakage rates approaching 100%. Reasons for lower leakage differ from what limits rates in previous studies. Discounting reduces present-value leakage...
Persistent link: https://www.econbiz.de/10010479912
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Optimally differentiated carbon prices for unilateral climate policy
Boeters, Stefan - 2013
Economic thought on climate policy as an instance of environmental regulation is strongly influenced by the principle of a uniform carbon price. Economists acknowledge that this principle breaks down in a second-best world with other distortions, such as taxes and market power in domestic and...
Persistent link: https://www.econbiz.de/10010343780
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Using Emissions Trading Schemes to Reduce Heterogeneous Distortionary Taxes : the Case of Recycling Carbon Auction Revenues to Support Renewable Energy
Gavard, Claire - 2019
While emissions trading schemes are developed by nations to mitigate their greenhouse gas emissions, behavioural studies have shown that the political and public acceptability of these market-based instruments depends on the way the associated revenues are used. One option the general public...
Persistent link: https://www.econbiz.de/10012895793