Ein vom ifo Institut entwickeltes Konzept zur CO2-Bepreisung mit dem Titel »Flexcap« verbindet die Vorteile von CO₂-Steuer und Emissionshandelssystem und stellt eine effizientere Lösung als die Reinform beider Instrumente dar. Ein reines Emissionshandelssystem wälzt alle Unsicherheit in...

The success of global climate policies over the coming decades depends on the diffusion of 'green' technologies. This requires that international environmental agreements (IEAs) and trade-related intellectual property rights (TRIPs) interact productively.Using a simple and tractable model, we...

The final design choices for Phase IV of the EU ETS are about to be made. With the introduction of the market stability reserve several additional design parameters have been introduced into the EU ETS. This paper explores how changes in these parameters impact on allowance price paths. Four...

We provide empirical evidence that intra-personal changes in life-satisfaction are a biased measure of preference rankings and, as a remedy, propose the ranking measure where subjects state whether their life has become "better" or "worse". Three representative datasets reveal: intra-personal...

Postponing the issue date of allowances in a cap-and-trade scheme as instituted e.g. in the Market Stability Reserve (MSR) of the EU ETS has an impact on abatement technology adoption. Stimulating low-carbon investments is a key objective of the MSR. We show that postponing allowances has an...