world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global …, we show that small deviations from the second-best subsidy can lead to strong increases in emissions and consumption …

) emissions. This paper deals with emissions from oil combustion in transport, which accounts for about 40 percent of \co2 …\ emissions. In the benchmark specification, we find that six countries (accounting, in turn, for more than 40 percent of motor …-fuel GHG world emissions) would be undertaxing motor fuel. We evaluate the sensitivity of the results to the values of the …

Internalizing the global negative externality of carbon emissions requires flattening the extraction path of non …-renewable fossil-fuel resources (= world carbon emissions). Following Eichner and Pethig (2011b) we set up a two-country two …'s first-period emissions. The other country is the rest of the world and refrains from taking action. The climate coalition …

This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance … allocations in the electricity sector as regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels … in allocations generally does not affect installations' emissions, although temporary effects may exist for some small …