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Renewable Energy Subsidies : Second-Best Policy or Fatal Aberration for Mitigation?

Kalkuhl, Matthias; Edenhofer, Ottmar; Lessmann, Kai - 2011

This paper evaluates the consequences of renewable energy policies on welfare, resource rents and energy costs in a world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global general equilibrium model with an intertemporal fossil...

Persistent link: https://www.econbiz.de/10014180771

Carbon Emissions Trading in China : The Evolution from Pilots to a Nationwide Scheme

Zhang, ZhongXiang - 2015

The Chinese central government has approved the seven pilot carbon trading schemes. These seven pilot regions are deliberately selected to be at varying stages of development and are given considerable leeway to design their own schemes. These pilot trading schemes have features in common, but...

Persistent link: https://www.econbiz.de/10013023478

The Impact of the European Carbon Market on Firm Productivity : Evidence from Italian Manufacturing Firms

D’Arcangelo, Filippo M.; Pavan, Giulia; Calligaris, Sara - 2022

The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...

Persistent link: https://www.econbiz.de/10014077141

The So2 Allowance Trading System and the Clean Air Act Amendments of 1990 : Reflections on Twenty Years of Policy Innovation

Chan, Gabriel; Stavins, Robert N.; Stowe, Robert; … - 2013

Act Amendments of 1990 is a landmark event in the history of environmental regulation. The program was a great success by … economic thinking to environmental regulation. Ironically, cap and trade seems especially well suited to addressing the problem … climate debate more than the substantive merits of market-based regulation …

Persistent link: https://www.econbiz.de/10014171785

Linking Reduced Deforestation and a Global Carbon Market : Impacts on Costs, Financial Flows, and Technological Innovation

Bosetti, Valentina - 2015

Discussions over tropical deforestation are currently at the forefront of climate change policy negotiations at national, regional, and international levels. This paper analyzes the effects of linking Reduced Emissions from Deforestation and Forest Degradation (REDD) to a global market for...

Persistent link: https://www.econbiz.de/10013039387

Environmental Policy and Investment Location : The Risk of Carbon Leakage in the EU ETS

D’Arcangelo, Filippo M.; Galeotti, Marzio - 2022

This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross-country investments. To avoid carbon leakage, the scheme allocates a number of free allowances to firms at risk of relocating investments in areas outside the EU ETS. To study this problem,...

Persistent link: https://www.econbiz.de/10014239255

The SO2 Allowance Trading System : The Ironic History of a Grand Policy Experiment

Schmalensee, Richard - 2012

Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, by creating this system to reduce SO2 emissions to curb acid...

Persistent link: https://www.econbiz.de/10013099470

Lessons Learned from Three Decades of Experience with Cap-and-Trade

Schmalensee, Richard - 2016

This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists, and draws a number of important lessons for future applications of this environmental policy instrument. References to a larger number of other emissions...

Persistent link: https://www.econbiz.de/10013001003

Environmental Policy and Directed Technological Change : Evidence from the European Carbon Market

Calel, Raphael; Dechezleprêtre, Antoine - 2014

The European Union Emissions Trading Scheme (EU ETS) has aimed to encourage the development of low-carbon technologies by putting a price on carbon emissions. Using a newly constructed data set that links 8.5 million European companies with their patenting history and their regulatory status...

Persistent link: https://www.econbiz.de/10014041059

Abatement and Allocation in the Pilot Phase of the EU ETS

Anderson, Barry J. - 2010

We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007) of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counter factual...

Persistent link: https://www.econbiz.de/10013152532