This article explores whether altruistic preferences toward households in poor high-temperature countries stimulate global warming policies within rich low-temperature countries that avoids damage from global warming. The article analyzes optimal carbon taxes on commodities within such rich...

Government macro-control through various policies is an important way to mitigate air pollution and greenhouse gases. Therefore, environmental tax is used worldwide as an important measure. However, few studies have considered the interaction between carbon and environmental protection taxes....

This paper analyzes the optimal level of public debt when taxes are used not only for funding public expenditures but also for correcting externalities from climate change. Taking into account externalities may imply that the optimal policy deviates from tax smoothing. Provided accumulated...

To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...