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its profit stream in a continuous-time infinite-horizon framework by setting participation fees or quantities on both …
Persistent link: https://www.econbiz.de/10011490256
This paper investigates the economic and environmental impacts of an incremental increase in the rate of Irish carbon tax. For this analysis an intertemporal computable general equilibrium (CGE) model, namely Ireland Environment-Energy-Economy (I3E), is developed. This model allows for the...
Persistent link: https://www.econbiz.de/10011986624
Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...
Persistent link: https://www.econbiz.de/10011290817
In der WTO-Agrarhandelsrunde von Doha geht es neben dem Abbau von Exportsubventionen und der Abschaffung von Marktzugangsbeschränkungen auch um die weitere Reduktion von internen Subventionen, die als produktions- und damit handelsverzerrend eingestuft sind. Eine Gruppe von Ländern, darunter...
Persistent link: https://www.econbiz.de/10010346455
Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...
Persistent link: https://www.econbiz.de/10013019654
on economic developments, e.g., fuel prices and interest rates. Second, MAC curves flatten over time, mainly due to … enlarging investment opportunities. With convex MAC curves, marginal abatement costs in the EU ETS increase over time, which … triggers higher banking of firms. On the contrary, flattening MAC curves over time lead to lower incentives for banking. In …
Persistent link: https://www.econbiz.de/10012423177
The latest reform of European Union Emission Trading System (EU ETS) enables overlapping policies, such as national coal phase-outs, to affect total emissions. For evaluatingoverlapping policies, this paper applies a detailed partial equilibrium model of the EU ETS.Under perfect foresight,...
Persistent link: https://www.econbiz.de/10012313549
the introduction of the cancellation mechanism (CM), the EU ETS changed fundamentally. We develop a discrete time model of …
Persistent link: https://www.econbiz.de/10011990912
In this article, we look at the combination of several market-based climate and energy policies and compare them with first best solution, i.e., a perfectly designed emission tax or emission cap level. It is shown that in the case an emission control policy is imperfect designed or implemented,...
Persistent link: https://www.econbiz.de/10010490124
Uncertainty is critical to questions about climate change policy. Recently developed recursive integrated assessment models have become the primary tools for studying and quantifying the policy implications of uncertainty. We decompose the channels through which uncertainty affects policy and...
Persistent link: https://www.econbiz.de/10012967621