(…) as reported in the State and Trends of Carbon Pricing report from the World Bank and Ecofys, some 12% of all global carbon emissions are subject to carbon pricing measures, established in 62 national and sub-national jurisdictions…
The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under scrutiny, as the allowance price is persistently low at around 5€/tCO2. The cap was met and emissions actually declined in recent years, ensuring the environmental effectiveness of the scheme…
This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic incentives and climate objectives.
A Robert S. Pindyck essay published in the Summer 2013 issue of Regulation magazine
The report shows that regional, national and sub-national carbon pricing initiatives are emerging in an increasing number of jurisdictions worldwide. More than 60 jurisdictions, emitting almost half of global greenhouse gas emissions, have either implemented or are considering mechanisms that put a price on carbon…
This EPRG paper examines the impact of pricing carbon emissions in the Russian electricity supply industry
The authors evaluate one important component of potential climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases
This Brookings paper uses an intertemporal computable general equilibrium (CGE) model of the world economy called G-Cubed to compare a power-sector-only climate policy with economy-wide measures that either place the same price on carbon or achieve the same cumulative emissions reduction as the program limited to the power sector
This book addresses the need for information about factors impacting climate policy implementation, using as a case study one effort that is at the heart of attempts to create a low-carbon future: the European Emission Trading Scheme…
In this Belfer Center’s discussion paper, the authors examine the opportunities and challenges associated with the major options for carbon pricing : carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions.
The authors investigate conditions that amplify market failures in energy innovations, and suggest optimal policy instruments to address them
J. Aldy and R. Stavins examine alternative designs of three instruments : carbon taxes, cap‐and-trade, and clean energy standards
The main message of this IEA information paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals (© IEA)
… Second-Best Policy or Fatal Aberration for Mitigation? A FEEM working paper
… A General Equilibrium Approach with Micro-Data for Households (NBER working paper)
New Economics Papers Energy Economics (REPEC)
