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Böhringer, Christoph - 2014

Concerns about adverse impacts on domestic energy-intensive and trade-exposed (EITE) industries are at the fore of the political debate about unilateral climate policies. Tariffs on the carbon embodied in imported goods from countries without emission pricing appeal as a measure to reduce carbon...

Persistent link: https://www.econbiz.de/10013055363

Buy Coal! Deposit Markets Prevent Carbon Leakage

Harstad, Bård - 2013

If a coalition of countries implements climate policies, nonparticipants tend to consume more, pollute more, and invest too little in renewable energy sources. In response, the coalition's equilibrium policy distorts trade and it is not time consistent. By adding a market for the right to...

Persistent link: https://www.econbiz.de/10013094942

Reflections on the International Coordination of Carbon Pricing

Parry, Ian W. H. - 2021

The efficiency effects of carbon pricing depend on how it impacts distortions in fossil fuel markets, most notably from local air pollution externalities. By offsetting these distortions, carbon pricing may generate significant net economic benefits, so it is in countries own interests to...

Persistent link: https://www.econbiz.de/10013315495

How to Measure Financial Market Efficiency? A Multifractality-Based Quantitative Approach with an Application to the European Carbon Market

Sattarhoff, Cristina - 2018

This paper proposes a new measure for the evaluation of financial market efficiency, the so-called intermittency coefficient. This is a multifractality measure that can quantify the deviation from a random walk within the framework of the multifractal random walk model by Bacry et al. (2001b)....

Persistent link: https://www.econbiz.de/10012913274

Mitigating Carbon Leakage : Combining Output-Based Rebating with a Consumption Tax

Böhringer, Christoph - 2015

Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...

Persistent link: https://www.econbiz.de/10013018203

Carbon Tariffs : An Analysis of the Trade, Welfare and Emission Effects

Larch, Mario - 2015

restore competitiveness, avoid carbon leakage, and reduce world carbon emissions. We analyze the effects of carbon tariffs on … massively shifted from these countries to industrialized countries and world carbon emissions decrease by 0.83 percent, with a … percent of the change on average, two thirds of the world reduction are due to the world scale effect …

Persistent link: https://www.econbiz.de/10013034209

Public Policies Against Global Warming

Sinn, Hans-Werner - 2013

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies - such as increasing ad-valorem taxes on carbon consumption or...

Persistent link: https://www.econbiz.de/10012753836

International Carbon Emissions Trading and Strategic Incentives to Subsidize Green Energy

Eichner, Thomas - 2013

This paper examines strategic incentives to subsidize green energy in a group of countries that operates an international carbon emissions trading scheme. Welfare-maximizing national governments have the option to discriminate against energy from fossil fuels by subsidizing green energy,...

Persistent link: https://www.econbiz.de/10013094652

Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies

Fullerton, Don; Karney, Daniel H. - 2021

In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...

Persistent link: https://www.econbiz.de/10013315585

Robust Policies Against Emission Leakage : The Case for Upstream Subsidies

Fischer, Carolyn; Greaker, Mads; Rosendahl, Knut Einar - 2021

Asymmetric regulation of a global pollutant between countries can alter the competitiveness of industries and lead to emissions leakage, which hampers countries’ welfare. In order to limit leakage, governments consider supporting domestic trade exposed firms by subsidizing their investments in...

Persistent link: https://www.econbiz.de/10013315614