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, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where … important parameters. We demonstrate two important ways that environmental taxes and permits are not equivalent. First, the … affected by this spillover effect. Finally, a numerical exercise helps demonstrate these two ways that taxes and permits differ …
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New York is considering additional emission regulation on top of its obligations under the Regional Greenhouse Gas Initiative (RGGI) to achieve its State Energy Plan targets. The proposed measure is a so-called "carbon adder" on CO2 emissions from the power sector which is set as the difference...
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