Showing 1 - 10 of 387,799
period. The cost of achieving this certainty on emission limits is price volatility. I discuss and evaluate various … approaches within cap and trade systems to reduce price volatility. A fundamental trade-off exists between certainty of emission … limits and price volatility. A pure carbon tax sacrifices certainty of emission limits in favor of price stability. I discuss …
Persistent link: https://www.econbiz.de/10013158039
Persistent link: https://www.econbiz.de/10003862199
The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...
Persistent link: https://www.econbiz.de/10011456178
Persistent link: https://www.econbiz.de/10015049823
The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to improve its terms of trade, while the fringe abstains...
Persistent link: https://www.econbiz.de/10012425940
Persistent link: https://www.econbiz.de/10014517299
Persistent link: https://www.econbiz.de/10012795242
This paper explores three possible transmission channels for transition risk shocks to the financial system in Norway. First, we estimate the direct firm-level impact of a substantial increase in domestic carbon prices under severe assumptions. Second, we map the impact of a drastic increase in...
Persistent link: https://www.econbiz.de/10012392495
Persistent link: https://www.econbiz.de/10013463179
Persistent link: https://www.econbiz.de/10014429039