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Hokkanen, Topi - 2023

Carbon leakage is one of the major issues facing policymakers today when designing environmental regulation. While the empirical and trade literature on carbon leakage is rich, much less is known about the implications of carbon leakage risk on optimal regulatory policies under asymmetric...

Persistent link: https://www.econbiz.de/10014389026

The Sustainability Impact of the EU Emissions Trading System on the European Industry

bleischwitz, raimund; fuhrmann, katrin; huchler, elias - Volkswirtschaftliche Fakultät, … - 2007

This BEEP explains the mechanism of the EU Emissions Trading System (ETS) for the greenhouse gas carbon dioxide and explore into its likely sustainability impact on European industry. In doing so, it focuses on energy-intensive indus-tries like cement, steel and aluminium production as well as...

Persistent link: https://www.econbiz.de/10005836583

Carbon leakage: Grandfathering as an incentive device to avert relocation

Schmidt, Robert C. - Volkswirtschaftliche Fakultät, … - 2010

Emission allowances are often distributed for free in an early phase of a cap-and-trade scheme (grandfathering) to reduce adverse effects on the profitability of firms. If the grandfathering scheme is phased out over time, firms may nevertheless relocate to countries with a lower carbon price...

Persistent link: https://www.econbiz.de/10008497036

Prices and Quantities in a Climate Policy Setting

Mandell, Svante - Transportekonomi, Väg- och Transportforskninginstitut (VTI) - 2009

This paper takes its departure in two observations from the EU’s climate policy. First, the EU has adopted a dual approach with a trading scheme covering CO2 emissions from the energy intensive industry, while the remaining emitters are subject to emission taxes. Second, the targets are...

Persistent link: https://www.econbiz.de/10005642379

Leakage in California's Carbon Market : Preliminary Trading Is Consistent with Expected Impacts of Regulatory Changes

Cullenward, Danny - 2014

California established a cap-and-trade market for greenhouse gas emissions as the core instrument in its comprehensive climate policy. State law requires that market rules minimize leakage of emissions to other states — a particularly important constraint in the electricity sector, where...

Persistent link: https://www.econbiz.de/10014144408

Enforcing Transferable Permit Systems in the Presence of Transaction Costs

Chavez, Carlos A.; Stranlund, John - 2004

derive an enforcement strategy with a self-reporting requirement that achieves complete compliance in a cost-effective manner …. In the absence of transaction costs targeted enforcement - the practice of monitoring some firms more closely than others … that the initial distribution of permits can have an impact on total enforcement costs in the presence of transaction costs …

Persistent link: https://www.econbiz.de/10014072300

Measuring environmental regulatory stringency

Brunel, Claire; Levinson, Arik - 2013

Researchers have long been interested in whether environmental regulations discourage investment, reduce labour demand, or alter patterns of international trade. But estimating those consequences of regulations requires devising a means of measuring their stringency empirically. While creating...

Persistent link: https://www.econbiz.de/10010230664

A theory of optimal green defaults

Meran, Georg; Schwarze, Reimund - 2015

This paper develops an analytical framework for studying the Baumol-Oates efficiency of traditional single instrument abatementpolicies vis-à-vis green defaults in the face of price inertia and deliberate defaultingby subpopulations. In this special case ofbehavioural heterogeneity, command and...

Persistent link: https://www.econbiz.de/10010508359

An optimal incentive contract to avert firm relocation under unilateral environmental regulation : conference paper

Schmidt, Robert C.; Pollrich, Martin; Stiel, Caroline - 2013 - This version: February 14, 2013, preliminary and incomplete

The unilateral introduction of an emissions price can induce firms to relocate to other countries with less stringent environmental regulation. However, firms may be able to reduce the emissions costs in their home country by investing into low-carbon technologies or equipment (abatement...

Persistent link: https://www.econbiz.de/10010343783

Vertical Differentiation in a Cournot Industry : The Porter Hypothesis and Beyond

Lambertini, Luca - 2011

We modify the vertically differentiated duopoly model by André et al. (2009) replacing Bertrand with Cournot behaviour to show that firms may spontaneously adopt a green technology even in the complete absence of any form of regulation

Persistent link: https://www.econbiz.de/10013128770