Hohe Preise für den Ausstoß von klimaschädlichen Treibhausgasen sind ein effizienter Weg, um den Umstieg auf ein nachhaltiges Wachstumsmodell und die gesetzten Klimaziele zu erreichen. Trotz der Einführung von CO2-Preisen für Emissionen in Deutschland und Europa sind große Bereiche noch...

Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...

This paper evaluates alternative options for rebating revenues from a unilateral emissions price, focusing on energy-intensive and trade-exposed industries. A theoretical model is developed to demonstrate that conditional rebating policies---which would be distortionary in a first-best...