caps are strictly refused by the USA and other non-European industrialized countries who want to exploit the full …

The public acceptability of a carbon price depends on how the revenues from carbon pricing are used. In a fully … schemes and show that support for a carbon price is maximised by a “Climate Premium” that pays a fixed, uniform, upfront …

two different motives: First, RE premiums need to be reduced to reflect the carbon value embedded in the market price … carbon cost in the electricity market price. Finally, a fuel switch increases solar-induced abatement, whereas it wind …

shorter and long-run benefits are larger if more regions levy a price on emissions. However, for non-participating regions …

It is widely believed that an environmental tax (price regulation) and cap-and-trade (quantity regulation) are equally …, local governments) are morally concerned about pollution and the pollution price is inefficiently low for political reasons …. Emissions are lower and material welfare is higher with price regulation. Furthermore, quantity regulation gives rise to …