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Carbon taxes are a prominent policy instrument for decreasing the consumption of CO2-intensive goods in order to reduce the negative external effects involved in the production or consumption of such goods. A tax leads to higher consumer prices, which typically lowers consumption. However, in...
Persistent link: https://www.econbiz.de/10012831055
. Emissions are lower and material welfare is higher with price regulation. Furthermore, quantity regulation gives rise to …
Persistent link: https://www.econbiz.de/10012500312
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue …, it may be more promising to negotiate agreements with non-tradable emissions caps. …
Persistent link: https://www.econbiz.de/10012225448
This research analyses the firms' strategic choice of adopting an abatement technology in an environment with pollution externalities when the government levies an emission tax to incentivise firms undertaking emission-reducing actions. A set of different Nash equilibria - ranging from dirty to...
Persistent link: https://www.econbiz.de/10012262288
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 …
Persistent link: https://www.econbiz.de/10012105543
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue …, it may be more promising to negotiate agreements with non-tradable emissions caps. …
Persistent link: https://www.econbiz.de/10012215277
Recently, several articles rely on marginal abatement cost (MAC) curves to analyze the EU ETS. While the assumptions on MAC curves drive the results, the prevailing literature on the EU ETS does not take the shape of MAC curves into account. This paper discusses the implications of MAC curve...
Persistent link: https://www.econbiz.de/10012423177
Consider a dynamic model with two countries or coalitions that consume and trade fossil fuel. A non-abating country owns the entire fuel stock and is not concerned about climate change, represented by a ceiling on the carbon dioxide concentration. The government of the other country implements...
Persistent link: https://www.econbiz.de/10011821305
What factors determine whether it is optimal with one or more technologies in a decarbonized road transport sector, and what policies should governments choose? We investigate these questions theoretically and numerically through a static, partial equilibrium model for the road transport market....
Persistent link: https://www.econbiz.de/10012219356
Swiss climate policy consists of three regulatory instruments for greenhouse gas emissions reduction: A CO 2 levy, the … Swiss Emissions Trading System (CH EHS), and an additional nonEHS" program for medium-sized plants that consists of command … international context. Second, we estimate the dierential impact of the CH EHS and the nonEHS program on plants' emissions. Our …
Persistent link: https://www.econbiz.de/10012234520