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would be more effective. We compare the potential impacts of an emissions trading scheme (ETS), a carbon tax (CT), and a … combination of an ETS and a CT. In addition, we further evaluate the economic impacts of two different policy portfolios by … combining these approaches with subsidies for energy-efficient vehicles. Our results show that, while a nationwide ETS certainly …
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the number of available permits decreases. The permit multiplier implies that emissions within the EU ETS are valued …
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investments, higher carbon prices within the ETS mechanism, and higher environmental taxes are associated with lower GHG …
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Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...
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