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Gerlagh, Reyer - 2019

-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …

Persistent link: https://www.econbiz.de/10012892203

Kantians Defy the Economists’ Mantra of Uniform Pigovian Emissions Taxes

Eichner, Thomas; Pethig, Rudiger - 2021

This paper analyzes the efficient emissions taxation in economies with individuals who are morally motivated to reduce their emissions footprint. They are heterogenous with respect to their morality and their consumption preferences. We distinguish between the concepts of moral and conventional...

Persistent link: https://www.econbiz.de/10013314813

City Size, Pollution and Emission Policies

Pflüger, Michael - 2020

modelling of pollution and pollution abatement. We derive two key insights. First, if the national government implements a … permit system (equivalently, pollution taxes) that allow for emissions as in the first-best, cities chosen by local …-best emission policy and extensions to city asymmetries, a fiscal externality, local pollution, generalized commuting costs and …

Persistent link: https://www.econbiz.de/10012827112

Pricing Pollution

Mideksa, Torben K. - 2020

its intensity (i.e., the tax rate or the quota level) to price pollution. When countries price pollution non …

Persistent link: https://www.econbiz.de/10012834363

Trade, Leakage, and the Design of a Carbon Tax

Weisbach, David A.; Kortum, Samuel; Wang, Michael Y.; … - 2022

Climate policies vary widely across countries, with some countries imposing stringent emissions policies and others doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to places with few or no emissions restrictions, an effect...

Persistent link: https://www.econbiz.de/10014079652

Endogenous Emission Caps Always Induce a Green Paradox

Gerlagh, Reyer - 2019

For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...

Persistent link: https://www.econbiz.de/10012861409

The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices

Kornek, Ulrike - 2019

The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...

Persistent link: https://www.econbiz.de/10012870643

Optimal Unilateral Carbon Policy

Kortum, Samuel; Weisbach, David A. - 2021

We derive the optimal unilateral policy in a general equilibrium model of trade and climate change where one region of the world imposes a climate policy and the rest of the world does not. A climate policy in one region shifts activities—extraction, production, and consumption—in the other...

Persistent link: https://www.econbiz.de/10013314669

Unilateral Co2 Reduction Policy with More than One Carbon Energy Source

Daubanes, Julien; Schubert, Katheline; Henriet, Fanny - 2021

We examine an open economy’s strategy to reduce its carbon emissions by replacing its consumption of coal—very carbon intensive—with gas—less so. Unlike the standard theoretical approach to carbon leakage, we show that unilateral CO2 reduction policies generate a higher leakage rate in...

Persistent link: https://www.econbiz.de/10013315249

Screening Green Innovation Through Carbon Pricing

Ahlvik, Lassi; Bijgaart, Inge van den - 2022

Green innovation is essential for climate change mitigation, but not all innovative projects deliver equal social value …. We consider innovator heterogeneity in a model where the policy maker cannot observe innovation quality and directly … subsidize the socially most valuable green innovations. We find that carbon pricing works as an innovation screening device …

Persistent link: https://www.econbiz.de/10014077003