Narrow Search
Last searches

Results for *

Displaying results 1 to 25 of 39.

  1. The Welfare Implications of Carbon Price Certainty
    Published: May 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    Experiences in real-world pollution markets suggest that firms make persistent errors in forecasting allowance and credit prices that inform their investment decisions. The residual uncertainty characterizing allowance and credit trading means that... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    Experiences in real-world pollution markets suggest that firms make persistent errors in forecasting allowance and credit prices that inform their investment decisions. The residual uncertainty characterizing allowance and credit trading means that pollution markets may fail to deliver cost-effective abatement. This contrasts with price-based policies under which firms make investments that equate marginal abatement cost to an emission tax. We incorporate the additional cost of forecast errors under quantity-based programs into a standard Weitzman-style prices versus quantities framework. We distinguish between individual firms' uncertainty over competitors' private information and systemic uncertainty over future cost shocks. We show that a welfare-maximizing regulator would favor price instruments in response to the prospect of firm-specific forecast errors under quantity instruments, ceteris paribus, and the relative benefit of price instruments increases with forecast error variance. We discuss the role of policy design, such as incorporating price collars, in mitigating cost-inefficiencies from price forecast errors

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30043
    Subjects: Ökosteuer; Emissionshandel; Wohlfahrtsanalyse; Pollution Control Adoption and Costs; Distributional Effects; Employment Effects; Climate; Natural Disasters and Their Management; Global Warming; Government Policy
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  2. Decarbonization and Electrification in the Long Run
    Published: May 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and intertemporal optimization of storage. We derive several theoretical possibilities that differ in surprising ways from short-run intuition: A carbon tax can increase electricity consumption; cheaper storage can decrease renewable capacity; cheaper renewables can increase carbon emissions; and an increase in electricity demand (e.g., electrification) can decrease emissions. We calibrate the model using 2019 hourly data on demand and renewable availability for thirteen regions covering the contiguous U.S. A carbon price of $150 or more essentially eliminates carbon emissions. Given a modest decarbonization goal, a renewable subsidy performs better than a nuclear subsidy, but this ranking is reversed for an ambitious decarbonization goal. Transmission expansion yields large emissions reductions if renewable costs fall sufficiently, but policies promoting storage are unlikely to yield significant benefits. Electrifying 100% of car miles traveled (thereby eliminating gasoline vehicle carbon emissions) increases electricity-sector carbon emissions by 23-27% if vehicles are charged at night, but could decrease electricity-sector carbon emissions if vehicles are charged during the day

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30082
    Subjects: Treibhausgas-Emissionen; Elektrizitätsversorgung; Umweltpolitik; Stromnetz; Strompreis; Erneuerbare Energie; Ökosteuer; Wirkungsanalyse; USA; Externalities; Redistributive Effects; Environmental Taxes and Subsidies; Energy; Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling; Climate; Natural Disasters and Their Management; Global Warming
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  3. South Africa's energy fiscal policies
    an inventory of subsidies, taxes, and policies impacting the energy transition
    Published: January 2022
    Publisher:  International Institute for Sustainable Development, Winnipeg, Manitoba, Canada

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: GSI report
    Subjects: Energiewende; Energiepreis; Energiesteuer; Subvention; Ökosteuer; Energiepolitik; Südafrika
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  4. Local carbon policy
    Published: 11 May 2022
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17299
    Subjects: Treibhausgas-Emissionen; Soziale Kosten; Internationale Klimapolitik; Ökosteuer; Welt
    Scope: 1 Online-Ressource (circa 33 Seiten)
  5. Taxing Externalities
    Revenue vs. Welfare Gains with an Application to U.S. Carbon Taxes
    Published: August 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    This paper asserts that reporting of the ratio of welfare gains to tax revenue should be standard protocol in economic analyses of externality correcting taxes. That this comparison might matter is somewhat of a "blind spot" in most economic... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    This paper asserts that reporting of the ratio of welfare gains to tax revenue should be standard protocol in economic analyses of externality correcting taxes. That this comparison might matter is somewhat of a "blind spot" in most economic analyses, for it plays virtually no role when economists recommend taxes to internalize externalities. A simple model illustrates how the ratio of welfare gains to tax revenue plays a central role in a political economy and efficiency framing of Pigouvian type taxes. The analysis also shows intuitive results about how the ratio is increasing in the marginal external costs and the equilibrium elasticity to a tax. The second part of the paper illustrates the wide range of potential results with application of carbon taxes to different fuels in the United States. For example, assuming a social cost of carbon (SCC) and a carbon tax equal to $50 per tonne, the central estimates imply ratios of 12.1 for coal, 0.36 for natural gas, and very close to zero for diesel and gasoline. When all four fuels are combined, the ratios indicate a more proportional balance between welfare gains and tax revenue, with overall estimates ranging between 0.7 and 2.8. The paper concludes with a general appeal for economists to pay more attention to the relative magnitudes of efficiency gains and tax revenue when analyzing and advocating for externality correcting taxes

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30321
    Subjects: Ökosteuer; Steuerwirkung; Treibhausgas-Emissionen; Externer Effekt; Wohlfahrtsanalyse; USA; Taxation, Subsidies, and Revenue; Efficiency; Optimal Taxation; Externalities; Redistributive Effects; Environmental Taxes and Subsidies; Government Policy; Energy
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  6. Climate Change Around the World
    Published: August 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    The economic effects of climate change vary across both time and space. To study these effects, this paper builds a global economy-climate model featuring a high degree of geographic resolution. Carbon emissions from the use of energy in production... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    The economic effects of climate change vary across both time and space. To study these effects, this paper builds a global economy-climate model featuring a high degree of geographic resolution. Carbon emissions from the use of energy in production increase the Earth's (average) temperature and local, or regional, temperatures respond more or less sensitively to this increase. Each of the approximately 19,000 regions makes optimal consumption-savings and energy-use decisions as its climate (or regional temperature) and, consequently, its productivity change over time. The relationship between regional temperature and regional productivity has an inverted U-shape, calibrated so that the high-resolution model replicates estimates of aggregate global damages from global warming. At the global level, then, the high-resolution model nests standard one-region economy-climate models, while at the same time it features realistic spatial variation in climate and economic activity. The central result is that the effects of climate change vary dramatically across space---with many regions gaining while others lose---and the global average effects, while negative, are dwarfed quantitatively by the differences across space. A tax on carbon increases average (global) welfare, but there is a large disparity of views on it across regions, with both winners and losers. Climate change also leads to large increases in global inequality, across both regions and countries. These findings vary little as capital markets range from closed (autarky) to open (free capital mobility)

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30338
    Subjects: Klimawandel; Region; Umweltbelastung; Umweltkosten; Umweltschutz; Umweltschutzinvestition; Ökosteuer; Wohlfahrtsanalyse; Welt; Externalities; Redistributive Effects; Environmental Taxes and Subsidies; Climate; Natural Disasters and Their Management; Global Warming; General Equilibrium and Welfare Economic Analysis of Regional Economies
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  7. Ökologische Finanzreform: Produktbezogene Anreize als Treiber umweltfreundlicher Produktions- und Konsumweisen
    Verbrauchsteuern und weitere produktbezogene ökonomische Instrumente : Abschlussbericht
    Published: September 2022
    Publisher:  Umweltbundesamt, Dessau-Roßlau

    In diesem Vorhaben wurden Optionen für die Besteuerung von Produkten ausgearbeitet. Gegenstände der Betrachtungen sind eine umweltorientierte Mehrwertsteuer sowohl innerhalb des gegebenen europäischen Rechtsrahmens als auch möglichen Änderungen des... more

    Access:
    Verlag (kostenfrei)
    Fachhochschule Erfurt, Hochschulbibliothek
    No inter-library loan
    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
    eBook
    No inter-library loan
    HafenCity Universität Hamburg, Bibliothek
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    UB Weimar
    No inter-library loan

     

    In diesem Vorhaben wurden Optionen für die Besteuerung von Produkten ausgearbeitet. Gegenstände der Betrachtungen sind eine umweltorientierte Mehrwertsteuer sowohl innerhalb des gegebenen europäischen Rechtsrahmens als auch möglichen Änderungen des EU-Rechts; sowie Verbrauchsteuern und weitere produktbezogene ökonomische Instrumente. Im Fokus dieses Berichts stehen Verbrauchsteuern, die das Potential haben, den Überkonsum knapper Ressourcen zu verringern, Emissionen und Abfälle zu reduzieren und ökonomische Anreize zu geben für das Recycling von Produkten zur Rückgewinnung von Rohstoffen. Neben Steuern werden im Rahmen der Analysen auch andere produktbezogene ökonomische Instrumente wie Pfandsysteme oder die Ausweitung der Herstellerverantwortung thematisiert. In der deutschen Finanzverfassung sind Verbrauchsteuern eng gefasst. Sie müssen sich regelmäßig auf "Güter des ständigen privaten Bedarfs" beziehen. Hier vorgestellte Optionen für Verbrauchsteuern mit ökologischer Lenkungswirkung sind z. B. eine Verbrauchsteuer auf Zement gekoppelt mit Klimaschutzverträgen für weitgehend klimaneutralen Zement, die Befreiung nachhaltigen Kaffees von der Kaffeesteuer und eine Steuer auf Tragetaschen. Weitere ökonomische Instrumente, die untersucht wurden, sind eine Bepreisung von Flugfracht im Rahmen einer Flugfrachtsteuer, die Kostenübertragung auf Hersteller von Einwegkunststoffprodukten im Rahmen der erweiterten Herstellerverantwortung oder ein Pfand auf Lithium-Ionen-Akkus. Zusätzliche Handlungsspielräume, um durch ökonomische Instrumente eine ökologische Steuerungswirkung zu erreichen, könnten durch eine Änderung der finanzverfassungsrechtlichen Vorgaben des Grundgesetzes erschlossen werden - z.B. indem "Umweltabgaben" oder "Abgaben auf Emissionen" ausdrücklich zugelassen werden. Die Mehrwertsteuer und Verbrauchsteuern können vor allem ökologische Wirkungen beim privaten Konsum erzielen. Umweltwirkungen der Produktion können nur indirekt und unpräzise adressiert werden. Hersteller sind durch die Konsumveränderung nur mittelbar betroffen, nicht jedoch in ihrer Wettbewerbsposition gegenüber ausländischen Anbietern. Eine nationale Einführung ist eher möglich und kann Impulse für weiterreichende internationale Initiativen geben. In this project, options for the taxation of products were elaborated, looking at an environmentally oriented value-added tax both within the existing European legal framework and possible changes to EU law; as well as excise duties and other product-related economic instruments. The focus of this report is on excise duties, which have the potential to lower the overconsumption of scarce resources, reduce emissions and waste, and provide economic incentives for the recycling of products to recapture raw materials. In addition to taxes, the analyses also address other product-related economic instruments such as deposit systems or the expansion of producer responsibility. In the German fiscal constitution, excise taxes are narrowly defined. They must regularly refer to"goods of permanent private use". Options for excise taxes with an ecological steering effect are, for example, an excise tax on cement coupled with climate protection contracts for largely climate-neutral cement, the exemption of sustainable coffee from coffee tax and a tax on carrier bags. Other economic instruments that have been examined are a pricing of air freight within the framework of an air freight tax, the transfer of costs to manufacturers of single-use plastic products within the framework of extended producer responsibility or a deposit on lithium-ion batteries. Additional room for manoeuvre to achieve an ecological steering effect through economic instruments could be opened up by amending the financial constitutional requirements of the Basic Law - e. g., by explicitly allowing "environmental levies" or "levies on emissions". Value-added tax and excise duties can primarily achieve environmental effects in private consumption. Environmental impacts on production can only be addressed indirectly and somewhat imprecisely. Manufacturers are only indirectly affected by the change in consumption, but not in their competitive position vis-à-vis foreign suppliers. A national introduction is more feasible and can provide impulses for more far-reaching international initiatives.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Contributor: Golde, Michael (HerausgeberIn)
    Language: German
    Media type: Book
    Format: Online
    Other identifier:
    Forschungskennzahl 3718 17 104 0
    FB000821
    Series: Texte / Umweltbundesamt ; 2022, 100
    Ressortforschungsplan des Bundesministerium für Umwelt, Naturschutz, nukleare Sicherheit und Verbraucherschutz
    Subjects: Nachhaltiger Konsum; Ökologische Finanzreform; Ökosteuer; Verbrauchsteuer; Pfand
    Scope: 1 Online-Ressource (187 Seiten, 3,63 MB), Diagramme
    Notes:

    Abschlussdatum: September 2021

  8. Fighting the war against climate change
    Published: September 2022
    Publisher:  [Toulouse School of Economics], [Toulouse]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 330
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1360
    Subjects: Klimawandel; Ökosteuer; Umwelttechnik; Internationale Umweltpolitik
    Scope: 1 Online-Ressource (circa 47 Seiten)
  9. Lenkungssteuern und Lenkungsabgaben
    ein Diskurs zur Leistungsfähigkeit abgabenrechtlicher Regelungen
    Published: 2022
    Publisher:  Finanzwissenschaftliches Forschungsinstitut an der Universität zu Köln, Köln

    In diesem Aufsatz blicken wir auf einige Formen und Aspekte lenkender Finanzpolitik und beschäftigen uns vorrangig mit Wirkungen von lenkenden CO2-Steuern bzw. von CO2-Abgaben, mit ihrer Eignung zur allokativen Lenkung und der geeigneten Form ihrer... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 109
    No inter-library loan

     

    In diesem Aufsatz blicken wir auf einige Formen und Aspekte lenkender Finanzpolitik und beschäftigen uns vorrangig mit Wirkungen von lenkenden CO2-Steuern bzw. von CO2-Abgaben, mit ihrer Eignung zur allokativen Lenkung und der geeigneten Form ihrer Institutionalisierung. Dabei prüfen wir vor allem Argumente für eine besondere zweckgebundene Verwendung der aus den Zwangsabgaben resultierenden Einnahmen.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/267862
    Series: FiFo discussion paper ; no. 22, 3
    Subjects: Lenkungsabgabe; Umweltabgabe; Ökosteuer; Wirkungsanalyse; Leistungsfähigkeitsprinzip; Allokationseffizienz; Schweden; Schweiz
    Scope: 1 Online-Ressource (circa 56 Seiten)
  10. Optimale Zuteilung des CO2-Budgets der EU
    eine Multi-Modell-Bewertung
    Published: Juni 2022
    Publisher:  Kopernikus-Projekt Ariadne Potsdam-Institut für Klimafolgen-forschung (PIK), Potsdam

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Online
    Series: Ariadne-Analyse
    Subjects: EU-Emissionshandel; Allokation; Branche; Ökosteuer; Mehrsektoren-Modell; Wirkungsanalyse; EU-Staaten
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  11. Trade, Leakage, and the Design of a Carbon Tax
    Published: July 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    Climate policies vary widely across countries, with some countries imposing stringent emissions policies and others doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to places... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    Climate policies vary widely across countries, with some countries imposing stringent emissions policies and others doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to places with few or no emissions restrictions, an effect known as leakage. Relocated industries would continue to pollute but would be operating in a less desirable location. We consider solutions to the leakage problem in a simple setting where one region of the world imposes a climate policy and the rest of the world is passive. We solve the model analytically and also calibrate and simulate the model. Our model and analysis imply: (1) optimal climate policies tax both the supply of fossil fuels and the demand for fossil fuels; (2) on the demand side, absent administrative costs, optimal policies would tax both the use of fossil fuels in domestic production and the domestic consumption of goods created with fossil fuels, but with the tax rate on production lower due to leakage; (3) taxing only production (on the demand side), however, would be substantially simpler, and almost as effective as taxing both production and consumption, because it would avoid the need for border adjustments on imports of goods; (4) the effectiveness of the latter strategy depends on a low foreign elasticity of energy supply, which means that forming a taxing coalition to ensure a low foreign elasticity of energy supply can act as a substitute for border adjustments on goods

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30244
    Subjects: Betriebliche Standortwahl; Umweltpolitik; Ökosteuer; Umweltabgabe; Klimawandel; Trade and Environment; Externalities; Redistributive Effects; Environmental Taxes and Subsidies; Climate; Natural Disasters and Their Management; Global Warming
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  12. Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions
    Published: July 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    We categorize the primary incentive-based mechanisms under consideration for addressing greenhouse gas emissions from electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market outcomes... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    We categorize the primary incentive-based mechanisms under consideration for addressing greenhouse gas emissions from electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market outcomes under similar expansions of clean electricity generation. While pricing emissions gives strong incentives to first eliminate generation with the highest social cost, a clean energy standard incentivizes earliest phaseout of the generation with the highest private cost. We show that the importance of this distinction depends on the correlation between private costs and emissions rates. We then estimate this correlation for US electricity generation and fuel prices as of 2019. The results indicate that the emissions difference between a carbon tax and clean energy standard that phase out fossil fuel generation over the same timeframe may actually be quite small, though it depends on fossil fuel prices during the phaseout. We also discuss how each of these policy options is likely to impact electricity prices, quantity demanded, government revenue, and economic efficiency. Large pre-existing markups of retail electricity prices over marginal costs are likely to considerably weaken or even reverse the usual assumed efficiency advantage of carbon pricing policies over alternatives, including direct subsidization of clean electricity generation

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30263
    Subjects: Treibhausgas-Emissionen; Umweltpolitik; Anreizregulierung; Emissionshandel; Ökosteuer; Umweltstandard; Strompreis; USA; Electric Utilities; Pollution Control Adoption and Costs; Distributional Effects; Employment Effects; Climate; Natural Disasters and Their Management; Global Warming; Government Policy
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  13. Adverse Selection as a Policy Instrument
    Unraveling Climate Change
    Published: July 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    This paper applies principles of adverse selection to overcome obstacles that prevent the implementation of Pigouvian policies to internalize externalities. Focusing on negative externalities from production (such as pollution), we consider settings... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    This paper applies principles of adverse selection to overcome obstacles that prevent the implementation of Pigouvian policies to internalize externalities. Focusing on negative externalities from production (such as pollution), we consider settings in which aggregate emissions are known, but individual contributions are unobserved by the government. We evaluate a policy that gives firms the option to pay a tax on their voluntarily and verifiably disclosed emissions, or pay an output tax based on the average rate of emissions among the undisclosed firms. The certification of relatively clean firms raises the output-based tax, setting off a process of unraveling in favor of disclosure. We derive sufficient statistics formulas to calculate the welfare of such a program relative to mandatory output or emissions taxes. We find that the voluntary certification mechanism would deliver significant gains over output-based taxation in two empirical applications: methane emissions from oil and gas fields, and carbon emissions from imported steel

     

    Export to reference management software   RIS file
      BibTeX file
  14. Climate change around the world
    Published: 31 July 2022
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17522
    Subjects: Klimawandel; Klimapolitik; Ökosteuer; Wirkungsanalyse; Verteilungswirkung; Räumliche Verteilung; Weltmodell; Welt
    Scope: 1 Online-Ressource (circa 162 Seiten), Illustrationen
  15. Investors pay a premium for green equities
    Published: 2022
    Publisher:  Danmarks Nationalbank, Copenhagen

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Analysis / Danmarks Nationalbank ; no. 1 (27 January 2022)
    Subjects: Unternehmenswert; Treibhausgas-Emissionen; Risikoprämie; Ökosteuer; Dänemark
    Scope: 1 Online-Ressource (circa 17 Seiten), Illustrationen
  16. Pricing instruments on transport emissions
    study requested by the TRAN committee
    Published: May 2022
    Publisher:  European Union, Brussels

    This briefing provides an overview of pricing instruments on road transport CO2 emissions. It presents the current use of these instruments in the EU, the main EU legal framework in this field including the expected developments, and the impacts... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    This briefing provides an overview of pricing instruments on road transport CO2 emissions. It presents the current use of these instruments in the EU, the main EU legal framework in this field including the expected developments, and the impacts these instruments may have on the road transport sector and society in general.

     

    Export to reference management software   RIS file
      BibTeX file
  17. Increasing the CO2 tax towards 2030
    impacts on the Norwegian economy and CO2 emissions
    Published: 6 October 2022
    Publisher:  Statistics Norway, [Oslo]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    ZSM 21
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788258715990
    Other identifier:
    hdl: 11159/12323
    Series: Reports / Statistics Norway ; 2022, 43
    Subjects: Ökosteuer; Treibhausgas-Emissionen; Wirkungsanalyse; CGE-Modell; Kleine offene Volkswirtschaft; Norwegen
    Scope: 1 Online-Ressource (circa 19 Seiten)
  18. Koldioxidläckage eller konkurrensfördel?
    om balansgången mellan industrioch klimatpolitik
    Published: [2022]
    Publisher:  SNS Förlag, Stockholm

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: Swedish
    Media type: Ebook
    Format: Online
    ISBN: 9789188637857
    Series: Forskningsrapport ; 2022
    Subjects: Klimaschutz; Ökosteuer; EU-Emissionshandel; Industriepolitik; Schweden
    Scope: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  19. The European Union's carbon border adjustment mechanism
    challenges and perspectives
    Published: September 2022
    Publisher:  [Toulouse School of Economics], [Toulouse]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 330
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1365
    Subjects: Treibhausgas-Emissionen; EU-Emissionshandel; Ökosteuer; EU-Staaten
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  20. Getting the transition to CBAM right
    finding pragmatic solutions to key implementation questions
    Published: January 2022
    Publisher:  Agora Industry, Berlin

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Impulse
    Subjects: Treibhausgas-Emissionen; EU-Emissionshandel; Ökosteuer; EU-Staaten
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  21. On the geographic implications of carbon taxes
    Published: 29 November 2022
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17714
    Subjects: Treibhausgas-Emissionen; Ökosteuer; Agglomerationseffekt; Dynamische Wirtschaftstheorie; EU-Staaten
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  22. Economic and distributional impacts of turning the value-added tax into a carbon tax
    Published: November 24, 2022
    Publisher:  ESRI, Economic & Social Research Institute, Dublin

    We construct carbon footprints from households' expenditure and employ the EASI demand system to simulate the distributional and environmental effects of a introducing a 'green VAT' in Ireland. For our analysis, we combine expenditure data from the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 176
    No inter-library loan

     

    We construct carbon footprints from households' expenditure and employ the EASI demand system to simulate the distributional and environmental effects of a introducing a 'green VAT' in Ireland. For our analysis, we combine expenditure data from the Irish Household Budget Survey with data on consumption-based emissions. We consider three scenarios: one with no recycling mechanism for additional tax revenue, one with a five per cent higher state transfers and one with an income tax cut. In all scenarios, the existing VAT system is replaced by a combination of a uniform base rate of four per cent and a strong carbon tax component. The policy leads to a reduction in emissions from households of roughly 6 per cent. We find that households' footprints are strongly driven by expenditure on energy and transport. Average emissions footprints are higher for high-expenditure quartiles. We also find that while the tax leads to welfare drops for all households, especially those at the lower end of the distribution of household expenditure, the combined carbon tax and transfer increase are protecting at least the lowest two deciles of the expenditure distribution from the adverse welfare effects. The income tax cut limits the reduction in working hours present in the other two scenarios. Both revenue recycle mechanisms weaken the reduction in emissions.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/272965
    Series: ESRI working paper ; no. 739 (November 2022)
    Subjects: Treibhausgas-Emissionen; Privater Konsum; Ökosteuer; Umsatzsteuer; Verteilungswirkung; Irland
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  23. EU's suggested carbon border adjustment mechanism
    impact on Norwegian industries
    Published: 5 December 2022
    Publisher:  Statistics Norway, [Oslo]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    ZSM 21
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788258716256
    Other identifier:
    hdl: 11159/12716
    Series: Reports / Statistics Norway ; 2022, 48
    Subjects: Treibhausgas-Emissionen; Kompensationsmaßnahme; Ökosteuer; Emissionshandel; Wirkungsanalyse; Industrie; Branche; Norwegen; EU-Staaten
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  24. Alternative fuels for saudi cement manufacturing with time-varying carbon pricing
    Published: June 2022
    Publisher:  King Abdullah Petroleum Studies and Research Center, [Riyadh, Saudi Arabia]

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 801
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: [Discussion paper / King Abdullah Petroleum Studies and Research Center] ; [2022, dp12]
    Subjects: Zementindustrie; Erneuerbare Energie; Treibhausgas-Emissionen; Ökosteuer; Szenariotechnik; Saudi-Arabien
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
    Notes:

    Die Zählung der Reihe wurde den Angaben im DOI entnommen

  25. How to regulate carbon emissions with climate-conscious consumers
    Published: 31 January 2022
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP16985
    Subjects: Emissionshandel; Treibhausgas-Emissionen; Ökosteuer; Regulierung; Wohlfahrtsanalyse; Carbon Pricing; carbon tax; cap-and-trade; climate change; Behavioral IndustrialOrganization
    Scope: 1 Online-Ressource (circa 46 Seiten)