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...

In the context of climate protection policy it has been suggested that global CO2 emissions should be reduced significantly (contraction) and that per capita emissions should gradually be equalized across countries (convergence). This paper uses a dynamic multi-region computable general...

The allocation of emissions entitlements across countries is the single most controversial issue in international climate policy. Extreme positions within the policy debate range from entitlement based on current emission patterns (CEP) to equal-per-capita (EPC) allocations.Convergence (COV)...