total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business … marginal benefits and marginal costs, and the above-mentioned correlation, are crucial to determine which instrument is … caps. An intermediate condition is found to compare the tax instrument and the relative cap. The model is then empirically …

are limited for a credible, exponentially growing carbon price, although temporary "green paradoxes" phenomena may … materialize. Financial regulation encouraging the decarbonization of the banks' balance sheets via tax-subsidy schemes … effective stimulus without compromising the objective of price stability. Our results suggest that the involvement of central …

This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that …. Electricity price impact is not visible. The investment cost impact is not significant either, but the effect of the interest rate …/MWh of support in addition to electricity price is needed to observe the connection of new turbines to the grid with a 0 …

Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas … price is efficient only under restrictive assumptions about technology homogeneity and intertemporal decision-making. Non …

of quantity and price based emission policies. The most important channel is that a country with lower abatement costs … engages in additional abatement effort for which it is not compensated. Under a quantity based policy with a given allocation …, a seller of permits can also be negatively affected from a lower carbon price. We also argue that abatement cost shocks …

a regulator and a firm that pay out the difference between a guaranteed strikeprice and the actual carbon price per … instrument as it hedges firms’ risk encouraging investments when the firms’ risk aversion would otherwise inhibit this. In … contrast to mitigating firms’ risk by committing to a carbon price early on, CCfDs maintain the regulator’s flexibility to …

. Uncertainty about the future rate of growth of the economy and emissions and the risk of macroeconomic disasters (tail risks) also … over time. A declining social discount rate also emerges if account is taken from the relative price effects resulting from …

In the absence of a global carbon price, many individual countries set up policies to incentivize specific abatement … this in mind, the objective of this paper is to document heterogeneity in the price of carbon implicitly associated with a … significant heterogeneity in energy savings across interventions, and suggest that the implicit price of carbon associated with …

EV target with policy to cap emissions through a uniform carbon price triples the welfare costs. …