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International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best interest of governments who are guided by strategic considerations in negotiations. We...
Persistent link: https://www.econbiz.de/10012225448
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best interest of governments who are guided by strategic considerations in negotiations. We...
Persistent link: https://www.econbiz.de/10012215277
. For governments' support measures to be consistent with their World Trade Organization obligations, they need to be … three selected support schemes, namely: (1) free allocation under emissions trading systems such as the European Union … combination of a charge on carbon-intensive materials with free allocation; and (3) carbon contracts for differences (CCfDs) for …
Persistent link: https://www.econbiz.de/10012518137
After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top …
Persistent link: https://www.econbiz.de/10010373734
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best interest of governments who are guided by strategic considerations in negotiations. We...
Persistent link: https://www.econbiz.de/10014097647
Following the Copenhagen climate Accord, developed and developing countries have pledged to cut their greenhouse gas emissions, emissions intensity or emissions relative to baseline. This analysis puts the targets for the major countries on a common footing, and compares them across different...
Persistent link: https://www.econbiz.de/10013122881
We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...
Persistent link: https://www.econbiz.de/10010476203
The purpose of this article is twofold: First to discuss three misconceptions in the debate on climate policies: i) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate change, and iii) that the only policy tool needed is to...
Persistent link: https://www.econbiz.de/10012166055
combine an emission trading system (ETS) with output-based allocation (OBA) of allowances to exposed industries. We first show …
Persistent link: https://www.econbiz.de/10012859992
combine an emission trading system (ETS) with output-based allocation (OBA) of allowances to exposed industries. We first show …
Persistent link: https://www.econbiz.de/10012128437