We develop a stylized general equilibrium model to decompose the rebound effect of energy efficiency improvements into its partial and general equilibrium components. In our theoretical analysis, we identify key drivers of the general equilibrium rebound effect, including a composition channel,...

Reducing emissions of greenhouse gases will require the development of carbon management technologies that are not currently available or that are not currently cost-effective. While market mechanisms such as carbon pricing must play a central role in stimulating the development of these...

We analyze the public transit tax credit (PTTC) introduced by the Canadian federal government in 2006. Using disaggregate microdata from the 2006 Census and 2011 National Household Survey, we apply a quasi-experimental difference-in-difference method to isolate the causal impact of the policy on...

Daylight Savings Time was adopted for the purposes of reducing energy consumption, but recent studies have cast some doubt on whether it still serves this purpose effectively. This study estimates the effect of Daylight Savings Time on electricity demand in Ontario, Canada. It uses a...

Carbon taxes are viewed by most economists as a cost-effective approach to reducing greenhouse gas emissions. Concerns over adverse impacts to disposable income, and corresponding political acceptability, have led many to propose a "fee-and-dividend" approach, whereby revenue from carbon taxes...

Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies for emission-intensive and trade-exposed firms. We analyze the incentives created by novel forms of emissions intensity-based rebating (IBR) and contrast them with more common approaches like...

Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created by two novel forms of rebating that reward additional emission intensity reductions: one...

Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created by two novel forms of rebating that reward additional emission intensity reductions: one...