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We collect data on 24,000 state aid cases within the European Union to create granular measures of national environmental support and study their interactions with the European Union Emissions Trading System (EU ETS). Exploiting variation in regulated installations' exposure to carbon prices and...
Persistent link: https://www.econbiz.de/10015076746
regulation is pointed out as an environmental conservation measure. However dependence on the regulatory control has the anxiety …
Persistent link: https://www.econbiz.de/10011483125
It is widely believed that an environmental tax (price regulation) and cap-and-trade (quantity regulation) are equally …. Emissions are lower and material welfare is higher with price regulation. Furthermore, quantity regulation gives rise to … to reduce pollution, while price regulation makes these efforts effective. …
Persistent link: https://www.econbiz.de/10013335937
Carbon pricing is the efficient instrument to reduce emissions. However, the geographical and sectoral coverage of substantial carbon pricing is low, often due to concerns that pricing may increase economic inequality. Regulatory standards such as fuel economy standards are more popular. But do...
Persistent link: https://www.econbiz.de/10013329712
We analyze existing definitions of carbon leakage and propose a new rigorous one. This is then tested using computable general equilibrium analysis for unilateral carbon dioxide abatement programs in the European Union in 2020, adopted under the United Nations Framework Convention on Climate...
Persistent link: https://www.econbiz.de/10011575664
The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to improve its terms of trade, while the fringe abstains...
Persistent link: https://www.econbiz.de/10012425940
This article summarizes the insights of an Energy Modeling Forum study on the magnitude and distribution of economic adjustment costs to greenhouse gas emission constraints in the aftermath of the Paris Agreement where countries voluntarily committed themselves to Nationally Determined...
Persistent link: https://www.econbiz.de/10013330711
Despite the reform of the European Emissions Trading System (EU ETS), discussions about complementing it with a carbon price floor (CPF) are ongoing. This paper analyzes the effect of a European CPF in the reformed EU ETS using a Hotelling model of the EU ETS, amended by the market stability...
Persistent link: https://www.econbiz.de/10012426917
Passing federal environmental policy reform is a challenge as the approval of interest groups such as consumers and state-level governments is often a prerequisite. Among others, the burden sharing's progressivity has a large impact on reform approval. We investigate how carbon tax payments by...
Persistent link: https://www.econbiz.de/10013332346
Persistent link: https://www.econbiz.de/10011755118