a regulator and a firm that pay out the difference between a guaranteed strikeprice and the actual carbon price per … CCfDs and compare it to other carbon pricing regimes. In our model, a regulator can offer CCfDs to risk-averse firms that … environmental damage or the variable costs of the emission-free technology. We find that a CCfD can be a beneficial policy …

1990. Recently, the EU institutions decided to introduce a new Emission Trading System for road transport, buildings and … carbon budget between the EU ETS and the remaining sectors regulated under the Effort Sharing Regulation (ESR), and the … between EU ETS and ESR sectors seems almost optimal from an economic efficiency point of view. We also find that if carbon …

coalition, or face tariffs. Coalition countries abate more since doing so induces matching abatement elsewhere. In contrast to a … model, and it consists of the US, EU, and UK. With the calibrated match rate of 46 percent for the stable coalition, global … do not cooperate with each other---perhaps deeming tariff threats against economically powerful regions to be too …

an incentive not to comply and still reap the benefits of other countries’ actions—a classic free-rider problem. This … taxes or other equivalent policies and impose punitive tariffs on non-club members to induce them to join the club). It …, providing a strong incentive for them to join the club. The paper identifies trade dependence between club and non-club members …

This paper discusses and analyzes various international mechanisms to scale up global action on climate mitigation and … address the policy gap in this area. Despite the new commitments made at COP 26, there is still an ambition and a policy gap … carbon prices, which underlie the IMF's international carbon price proposal (Parry, Black, and Roaf 2021) and the climate …

paper develops a welfare and public economics perspective on optimal policies for carbon removal and storage in non …-permanent sinks like forests, soil, oceans, wood products or chemical products. We derive a new metric for the valuation of non … if the stored carbon is released to the atmosphere eventually. Importantly, CDR does not raise the ambition of optimal …

treaty? Or do carbon leakage and the rebound effect imply that it is possible to take advantage of technological improvements … regions do not cooperate in the solution of the global climate problem but unilaterally decide on climate policies and … discussed: one, where more energy efficient technologies are transferred unconditionally from the North to the South, and where …

treaty? Or do carbon leakage and the rebound effect imply that it is possible to take advantage of technological improvements … regions do not cooperate in the solution of the global climate problem but unilaterally decide on climate policies and … discussed: one, where more energy efficient technologies are transferred unconditionally from the North to the South, and where …

programs to make sure that they do not undermine innovation and democratic accountability. The author recommends specific … address the threat of global climate change through the Framework Convention on Climate Change and the Kyoto Protocol to that … accountability, and reduce the cost of environmental cleanup. This article argues that emissions trading functions as a cheap fix …