Carbon pricing is on the rise, as evidenced, for example, by the European Commission's proposal to extend the trade in carbon emissions to the building and transport sectors. An important feature of carbon pricing is that it generates revenues which can be rebated to households. Rebating the...

A computable general equilibrium analysis of emissions trading between Russia and the European Union (EU) is presented using a complete and consistent input-output database for the Russian Federation and several baseline scenarios for Russia’s future economic development. We find that...

This paper examines the implications of restricting the tradability of carbon rights in the presence of induced technical change. Unlike earlier approaches aiming at exploring the tradability-technology linkage we focus on climate-relevant 'carbon-saving' technical change. This is achieved by...

European environmental and energy policies are currently challenged by two mutually dependent issues: CO2 abatement and the completion of the Internal Market for energy. Both will lead to substantial structural changes in the energy supply industry and in the wider economy. The purpose of this...