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to be a cap-and-trade scheme with a fixed supply of permits. However, a recent reform of the system "punctures the … waterbed" by making the supply of permits endogenous. The current paper discusses how to handle permits in economic evaluations … project causes an induced intertemporal change in the supply of permits under an endogenous cap. An induced reduction in …
Persistent link: https://www.econbiz.de/10012289359
into a system with an endogenous supply of permits. This paper discusses how to handle the scheme in project appraisal. The … endogenous supply of permits is affected by an exogenous change in emissions. A particularly surprising feature of the reformed … evaluations of projects affecting the supply of permits. For convenient reference, the paper also lays out the mechanics of the …
Persistent link: https://www.econbiz.de/10012489287
Persistent link: https://www.econbiz.de/10010187078
In this paper, we investigate the effects of climate conditions on collected tax revenues, based on a panel-model approach. The dataset includes 123 countries and covers the period 1996-2010. The main results demonstrate that climate has a significant impact on tax revenues, the assumed function...
Persistent link: https://www.econbiz.de/10010414745
Most people are convinced that climate change is a threat and that it should somehow be dealt with. It is also clear that CO2 emissions are still too cheap and must be priced higher to sufficiently curtail emissions. Yet how high should a carbon tax be? Answering this question requires...
Persistent link: https://www.econbiz.de/10012941523
Over the last half decade, a variety of federal legislative proposals for limiting greenhouse gas (GHG) emissions have been put forward, most of which would set a price on carbon. As of early 2013, the one politically plausible policy appears to be a carbon tax, passed as part of a larger fiscal...
Persistent link: https://www.econbiz.de/10014155817
This paper presents a detailed economic modelling analysis of public finance in the transition towards carbon neutrality. It outlines results from a Net-Zero Emission Ambition scenario, which reflects the ambition to achieve net-zero carbon dioxide emissions globally by mid-century, using a...
Persistent link: https://www.econbiz.de/10014324220
Persistent link: https://www.econbiz.de/10003963710
German "Energiewende", also has to deal with a fundamental shift in energy supply from fossil fuel to renewable energies in …
Persistent link: https://www.econbiz.de/10010426488
Persistent link: https://www.econbiz.de/10001780355