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Reflections on the international coordination of carbon pricing

Parry, Ian W. H. - 2016

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/10011497937

On the causes of Brexit

Ágúst Arnórsson; Gylfi Zoega - 2016

in terms of the literature on the labour market effects of immigrants in the UK. Looking at the response of the sterling …

Persistent link: https://www.econbiz.de/10011523724

Phase-out of "coal to power" in an ETS

Eichner, Thomas; Pethig, Rüdiger - 2019

We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and CO2 regulation, in which a group of countries operates an emissions trading scheme (ETS). Electricity markets are either international or national and the emissions cap remains...

Persistent link: https://www.econbiz.de/10011986157

EU ETS and the new green paradox

Rosendahl, Knut Einar - 2019

depending on the market outcome. Perino (2018) showed that additional abatement effort can reduce cumulative emissions if it …

Persistent link: https://www.econbiz.de/10012022186

The Brexit conundrum worsens the UK's relationship with the European Union

Ryan, John T. - 2019

This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister Theresa May's weak political leadership. The Prime Minister focused on securing the short-term political survival of her government amidst turbulent and fractious domestic...

Persistent link: https://www.econbiz.de/10012065056

The legal and economic case for an auction reserve price in the EU emissions trading system

Fischer, Carolyn; Reins, Leonie; Burtraw, Dallas; … - 2019 - Current Version: September 30, 2019

future allowance sales (the market stability reserve); although prices are beginning to recover, it is far from clear whether … market-based approaches to addressing climate change. The solution in other carbon markets has been the introduction of a … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to …

Persistent link: https://www.econbiz.de/10012119540

Consequences of Brexit and options for a "global Britain"

Brakman, Steven; Garretsen, Harry; Kohl, Tristan - 2017 - This version: April 19, 2017

The United Kingdom has opted to leave the European Union. The trade and welfare consequences of this decision are large; most studies predict a trade and welfare loss for both the UK and the EU. The UK parliament has indicated that it aims for new and ambitious trade agreements following Brexit,...

Persistent link: https://www.econbiz.de/10011646796

Endogenous emission caps always induce a green paradox

Gerlagh, Reyer; Heijmans, Roweno; Rosendahl, Knut Einar - 2019

green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability …

Persistent link: https://www.econbiz.de/10012105543

Carbon pricing in the EU : evaluation of different EU ETS reform options

Brink, Corjan; Vollebergh, Herman R. J.; Van der Werf, Edwin - 2015 - This version: November 24, 2015

This paper studies various options to support allowance prices in the EU Emissions Trading System (ETS), such as adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic computable general equilibrium model that explicitly allows...

Persistent link: https://www.econbiz.de/10011392634

On the widely differing effects of free trade agreements : lessons from twenty years of trade integration

Baier, Scott L.; Yotov, Yoto V.; Zylkin, Thomas - 2016

We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...

Persistent link: https://www.econbiz.de/10011560677