The European Union Emissions Trading Scheme (EU ETS) is the world’s first regional carbon trading market. Its objective … is to link European countries around a common price for carbon as a step towards helping the global economy transition to … a low-carbon production base. This article is one of the first quantitative econometric attempts to understand how a …

A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even … so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon … extraction. A government cannot commit to a specific carbon tax rate in the distant future. For reasonable assumptions about …

their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon … be extracted during other periods. Second, since low carbon energy sources are relatively more valuable when the policy … is implemented, it is optimal to conserve them ahead of enforcement. This might induce a switch to high-carbon resources …

A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even … so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon … extraction. A government cannot commit to a specific carbon tax rate in the distant future. For reasonable assumptions about …

; Carbon Taxes …

We analyze the effects of an announced future carbon tax increase on the extraction behavior of a monopolistic supplier … carbon taxation. We employ a numerical simulation and a sensitivity analysis with regard to the model parameters to evaluate …

A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how … are tiny. With exploration and endogenous initial oil reserves, a future carbon tax lowers cumulative oil extraction in … is the fall in cumulative extraction. A partial and general equilibrium welfare analysis of a future carbon tax, both for …

This paper takes the ‘policy failure' in establishing a global carbon price for efficient emissions reduction as a …-side perspective, carbon capture and storage (CCS) policies differ substantially from renewable energy policies: they increase fossil … subsidy can be as efficient as a carbon tax. Within a numerical dynamic general equilibrium model, we analyze CCS and …

Among technological options to mitigate greenhouse gas (GHG) emissions, Carbon Capture and Storage technology (CCS … exhaustible resource and an expensive carbon-free renewable resource, in which an environmental regulation is imposed through a … cap on the atmospheric carbon stock. We assume that only the emissions from one sector can be captured. Previous …