individuals are compared both within and between time periods. Our preferred EDE calibration to a scenario in which global … intragenerational inequality declines over time, leads to a SCC in 2020 of $70/tCO2 compared to a value of $85/tCO2 without the effect …

the introduction of the cancellation mechanism (CM), the EU ETS changed fundamentally. We develop a discrete time model of …

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 …

social objectives We develop optimal regulation which internalize the spatiotemporal externalities. Our theory is applied to …

, framed in terms of distorted Arrow–Debreu pricing theory that establishes an equivalence between the optimal carbon tax and …

-level implications of project-based CO2 trading by developing a many-polluter cap-and-trade model where trades are coordinated by a time …