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model, I show that a subsidy on input factors in a Cobb-Douglas production function may contribute substantially to …
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Consider a dynamic model with two countries or coalitions that consume and trade fossil fuel. A non-abating country owns the entire fuel stock and is not concerned about climate change, represented by a ceiling on the carbon dioxide concentration. The government of the other country implements...
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potential resulting from removing fossil fuel subsidies and recycling part of the avoided subsidy and additional revenue from … up to 19.8% in 2050 compared to baseline scenario. We find that subsidy removal is most effective in reducing emissions … 2050, subsidy removal and carbon pricing hold promise in the toolbox of decarbonization options …
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