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 …

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 …

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 …

design, focus on effort or outcome. This paper considers two choices—price versus quantity controls and absolute versus …The uncertainty surrounding both costs and benefits associated with global climate change mitigation creates enormous … hurdles for scientists, stakeholders, and decisionmakers. A key issue is how policy choices balance uncertainty about costs …

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 …

understand the intuition behind Real Option theory - the interplay between irreversibility and uncertainty. Many climate …

Uncertainty is an obstacle for commitments under cap and trade schemes for emission permits. We assess how well … cost of uncertainty and achieve significant increases in global abatement. The optimal degree of indexation to GDP would …, gains from reduced cost uncertainty and the potential for more stringent environmental commitments could justify the …

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 …