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We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
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Part I - Financial sector, regulation, supervision and sustainability: Rute Saraiva, ESG factors in pensions funds … e Sousa and Ana Pinheiro, The climate dimension of fiscal policy sustainability: best practices in Green Budgeting and … better integrate public and private efforts on sustainability: the case of carbon offset credits -- Karolina Tetlak, The Use …
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Purpose: The purpose of the study is to evaluate the European Union’s "Fit for 55" plan, announced in 2021, which intends to meet a 2030 goal of reducing carbon emissions by 55 percent from 1990 levels. Design/methodology/approach: An analytical model is used to assess the impact of the EU...
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