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Effects of carbon pricing and other climate policies on CO2 emissions

Kohlscheen, Emanuel; Moessner, Richhild; Takáts, Előd - 2021

We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...

Persistent link: https://www.econbiz.de/10012643539

Regulating stock externalities

Gerlagh, Reyer; Heijmans, Roweno - 2018

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty …. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on …-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …

Persistent link: https://www.econbiz.de/10011939765

On the interrelation between carbon offsetting and other voluntary climate protection activities : theory and empirical evidencey

Lange, Andreas; Schwirplies, Claudia; Ziegler, Andreas - 2014

This paper provides theoretical and empirical insights on the extent to which the availability of carbon offsetting may substitute the individual use of other carbon-reducing measures. Theoretically, we demonstrate an ambiguous impact of offsetting on the use of other measures and derive...

Persistent link: https://www.econbiz.de/10010399732

Commitment vs. discretion in climate and energy policy

Habermacher, Florian; Lehmann, Paul - 2017

To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...

Persistent link: https://www.econbiz.de/10011611130

Carbon pricing under binding political constraints

Jenkins, Jesse D.; Karplus, Valerie J. - Joint Institute for Strategic Energy Analysis - 2016

The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...

Persistent link: https://www.econbiz.de/10011456178

Unilateral climate policies and green paradoxes : extraction costs matter

Kollenbach, Gilbert - 2014

Under which conditions unilateral tightening of climate policy causes a weak or strong green paradox or even decreases social welfare has recently been studied by Hoel (2011). Hoel assumes that the costs of extracting fossil fuel are linear in output. We extend his model by allowing for...

Persistent link: https://www.econbiz.de/10010246770

Unilateral climate policy, the Green Paradox, Coalition Size and Stability

Kollenbach, Gilbert - 2014

We incorporate three important aspects of current climate policy, unilateralism, demand side approach and a climate target, in a multi-country model with flow dependent fossil fuel extraction costs and a backstop. It turns out that the optimal climate coalition should encompass all countries...

Persistent link: https://www.econbiz.de/10010462827

Simultaneous supplies of dirty and green fuels with capacity constraint : is there a green paradox?

Gronwald, Marc; Long, Ngo Van; Röpke, Luise - 2013

This paper contributes to the green paradox literature by using a resource extraction framework with heterogeneous energy sources. A key feature of the model is a capacity constrained green backstop resource, which implies the simultaneous use of the expensive backstop resource and the cheaper...

Persistent link: https://www.econbiz.de/10009786209

Optimal unilateral carbon policy

Kortum, Samuel; Weisbach, David A. - 2021

We derive the optimal unilateral policy in a general equilibrium model of trade and climate change where one region of the world imposes a climate policy and the rest of the world does not. A climate policy in one region shifts activities - extraction, production, and consumption - in the other...

Persistent link: https://www.econbiz.de/10012668790

Optimal climate policy as if the transition matters

Campiglio, Emanuele; Dietz, Simon; Venmans, Frank - 2022

The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...

Persistent link: https://www.econbiz.de/10013472310