the world mean temperature exceeding 2◦ Celsius. To achieve the two degree target, the cumulated global emissions must not … restricting emissions to the global carbon budget. In its simplest form, the cost-effective global policy is shown to consist of a … the abating country to tax its first-period consumption and to tax or subsidize its emissions in the first and/or second …

We study optimal climate policy for a “policy bloc” of countries facing a market where emissions offsets can be … whose quantity is updated according to firms’ past emissions, or their outputs. We show that the resulting abatement and its … price below marginal damage cost of emissions, while the policy-bloc quota price will be above this cost. With maximization …

, expected emissions reductions, and expected compliance costs. We motivate our work by examining firm-level decisions in the oil … abatement technology under either an emissions tax or a tradeable permit system than under an equivalently stringent emissions … standard. We also show that while expected incentives for innovation are comparable under emissions taxes and tradeable permit …

cleaner technologies. In contrast to this argument, we show that the cost of environmental policy (a reduction in emissions …

This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in … cases, reductions in automobile externalities (net of fuel taxes/subsidies). Pricing co-benefits reduces CO2 emissions from … exposure to pollution) and differentiated pricing of CO2 emissions therefore yields higher net benefits (by 23 percent) than …

an emissions cap, fuel demand becomes less price elastic. In response, a monopolistic exporter sets the fuel export price …