Our main message is that it is optimal to use less coal and more oil once one takes account of coal being a backstop which emits much more CO2 than oil. The way of achieving this is to have a steeply rising carbon tax during the initial oil-only phase, a less-steeply rising carbon tax during the...

Der Ausschuss für Wirtschaft und Technologie des Deutschen Bundestages hat am 22. Oktober 2007 eine öffentliche Anhörung durchgeführt zu der Vorlage Gesetzentwurf der Fraktionen der CDU/CSU und SPD: Entwurf eines Gesetzes zur Finanzierung der Beendigung des subventionierten...

Climate policy consistent with the 2°C target needs to install mechanisms that leave most current coal reserves unburned. Demand-side policies have been argued to be prone to adverse carbon leakage and "green paradox" effects. A growing strain of literature argues in favor of supply-side...