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Reconsidering Climate Mitigation Policy in the UK

Arregui, Nicolas; Parry, Ian W. H. - 2021

The UK has pledged to cut greenhouse gases 68 percent below 1990 levels by 2030, to be emissions neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully achieving these ambitious objectives with the current policy framework will be...

Persistent link: https://www.econbiz.de/10013243237

Overlapping Efforts in the EU Emission Trading System

Herweg, Fabian - 2020

According to the Phase IV (2021-2030) rules of the EU ETS, the total amount of emissions permits allocated to firms is …

Persistent link: https://www.econbiz.de/10012840226

The role of fiscal instruments in environmental policy

Kosonen, Katri; Nicodème, Gaëtan J.A. - 2009

Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its … environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change …

Persistent link: https://www.econbiz.de/10010274464

Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package

Aune, Finn Roar - 2019

In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European … Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …

Persistent link: https://www.econbiz.de/10012892222

On the Political Economy of Environmental Policy

Kirchgässner, Gebhard; Schneider, Friedrich - 2002

In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been implemented. Using the Public Choice approach we...

Persistent link: https://www.econbiz.de/10010315254

Environmental policy under model uncertainty: a robust optimal control approach

Funke, Michael; Paetz, Michael - 2007

Model uncertainty is inherent in the design of optimal environmental policy. We investigate the consequences in a simple linear model, where the aim of the policymaker is to stabilize the carbon content of the atmosphere. We study how decision-makers' concerns about robustness alter policy using...

Persistent link: https://www.econbiz.de/10010264084

Environmental policy design and the fragmentation of international markets for innovation

Johnstone, Nick; Hascic, Ivan - 2009

It has long been argued that the implementation of market-based environmental policy instruments such as environmentally-related taxes and tradable permits is likely to lead to greater technological innovation than more direct forms of regulation such as technology-based standards. One of the...

Persistent link: https://www.econbiz.de/10010266020

Optimal liability sharing and court errors: An exploratory analysis

Boyer, Marcel; Porrini, Donatella - 2010

We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers, as an environmental policy instrument. Using a structural model of the interactions between firms, financial institutions, governments and courts we show, through numerical...

Persistent link: https://www.econbiz.de/10010270509

What is the best environmental policy? Taxes, permits and rules under economic and environmental uncertainty

Angelopoulos, Konstantinos; Economides, George; … - 2010

We study the importance of uncertainty and public finance to the welfare ranking of three environmental policy instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic neoclassical growth model augmented with the assumptions...

Persistent link: https://www.econbiz.de/10010270638

Benefit-cost analysis of environmental projects: A plethora of systematic biases

Graves, Philip E. - 2010

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

Persistent link: https://www.econbiz.de/10010274086