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Mitigating carbon leakage : combining output-based rebating with a consumption tax
Böhringer, Christoph; Rosendahl, Knut Einar; … - 2015
Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...
Persistent link: https://www.econbiz.de/10011305409
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Mitigating carbon leakage : combining output-based rebating with a consumption tax
Böhringer, Christoph; Rosendahl, Knut Einar; … - 2015
Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...
Persistent link: https://www.econbiz.de/10011300313
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Measures against carbon leakage : combining output-based allocation with consumption taxes
Böhringer, Christoph; Rosendahl, Knut Einar; … - 2024
Countries with ambitious climate targets are concerned about carbon leakage to countries with more lenient or no carbon pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could be further enhanced by consumption taxes levied...
Persistent link: https://www.econbiz.de/10014528226
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Measures against carbon leakage : combining output-based allocation with consumption taxes
Böhringer, Christoph; Rosendahl, Knut Einar; … - 2024
Countries with ambitious climate targets are concerned about carbon leakage to countries with more lenient or no carbon pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could be further enhanced by consumption taxes levied...
Persistent link: https://www.econbiz.de/10014555714
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On a World Climate Assembly and the Social Cost of Carbon
Weitzman, Martin L. - 2018
conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a single worldwide price on carbon … derives fresh insights and new simple formulas that relate each emitter's most-preferred world price of carbon to the world … "Social Cost of Carbon" (SCC), and further relates the WCA-voted world price of carbon to the world SCC. I argue that the WCA …
Persistent link: https://www.econbiz.de/10012929696
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Advancing Global Carbon Abatement with a Two-Tier Climate Club
Iverson, Terrence - 2022
A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...
Persistent link: https://www.econbiz.de/10014081042
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Climate inequality : carbon capture for redistribution
Belfiori, Elisa; Macera, Manuel - 2024
We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...
Persistent link: https://www.econbiz.de/10014632377
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Some Basic Economics of Carbon Taxes
Clarke, Harry R. - 2013
This paper asks three questions. First, how do carbon taxes drive economic and environmental outcomes? Second, what is the appropriate economic base on which carbon taxes should be levied? Finally, how well does a carbon tax deliver economic environmental outcomes compared to a comparable...
Persistent link: https://www.econbiz.de/10014180213
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Endogenous emission caps always induce a green paradox
Gerlagh, Reyer; Heijmans, Roweno; Rosendahl, Knut Einar - 2019
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012105543
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EU ETS and the new green paradox
Rosendahl, Knut Einar - 2019
With the new rules of the EU ETS, involving cancellation of allowances, cumulative emissions are no longer fixed but depending on the market outcome. Perino (2018) showed that additional abatement effort can reduce cumulative emissions if it occurs within a few years. This article shows that...
Persistent link: https://www.econbiz.de/10012022186