are subject to environmental taxation, aimed at reducing CO2 emissions, and a unilateral technological spillover takes … countries feature emissions taxation aimed at reducing CO2 emissions. In such a case, we show that the standard international … technical change. Then we present a setting where the two countries are both subject to a national tax on emissions but the …

Lemoine and Rudik (2017) argue that it is efficient to delay reducing carbon emissions, because there is substantial … substantial lag between CO2 emissions and warming, which policy could rely upon. Applying a mainstream climate physics model to …

This article finds that the introduction of a carbon tax increased short-run carbon emissions in an imperfectly … incentive to exercise unilateral market power. Then, the opposite result is observed -- emissions were lower with the tax. I …

We propose a theory of the economic advantage (EA) of regulating carbon emissions by linking two emissions trading …

demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this … future, are inverted by the new rules and increase cumulative emissions. We provide quantitative evidence of our result for a …

emissions by 30% in 2030 relative to 2005 levels …

costs) and/or environmental (e.g. reducing GHG emissions and carbon leakage). Benefits tend to be higher with broader … participation of countries, broader coverage of emissions and sectors and more ambitious policy goals. Most, but not all, countries …

We consider the problem of reducing the carbon emissions of a set of firms over a finite horizon. A regulator … dynamically allocates emission allowances to each firm. Firms face idiosyncratic as well as common economic shocks on emissions …