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Efficient CO2 emissions control with emissions taxes and international emissions trading

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  • Eichner, Thomas
  • Pethig, Rüdiger

Abstract

We consider a stylized model of the hybrid CO2 emissions control in the EU. A group of countries operates a joint emissions trading system (ETS) covering only part of each country's economy. The countries levy an emissions tax in the rest of their economy and, possibly, an additional tax in their ETS sectors. Welfare-maximizing governments are shown to lack incentives for group-efficient policies. Preexisting taxes overlapping with the ETS lead policy makers to allocate more permits to their ETS sectors than cost effectiveness would suggest. The cases of 'small' and 'large' countries exhibit significantly different efficiency implications.

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Bibliographic Info

Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 53 (2009)
Issue (Month): 6 (August)
Pages: 625-635

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Handle: RePEc:eee:eecrev:v:53:y:2009:i:6:p:625-635

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Web page: http://www.elsevier.com/locate/eer

Related research

Keywords: Emissions taxes Emissions trading International trade;

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Cited by:
  1. Bouwe Dijkstra & Edward Manderson & Tae-Yeoun Lee, 2011. "Extending the Sectoral Coverage of an International Emission Trading Scheme," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 50(2), pages 243-266, October.
  2. Arik Levinson, 2011. "Belts and Suspenders: Interactions among Climate Policy Regulations," NBER Chapters, in: The Design and Implementation of U.S. Climate Policy, pages 127-140 National Bureau of Economic Research, Inc.
  3. Christoph Böhringer & Bouwe Dijkstra & Knut Einar Rosendahl, 2011. "Sectoral and regional expansion of emissions trading," Discussion Papers 654, Research Department of Statistics Norway.
  4. BRECHET, Thierry & PERALTA, Susana, 2012. "Markets for tradable emission permits with fiscal competition," CORE Discussion Papers 2012054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Bonilla, Jorge & Coria, Jessica & Sterner, Thomas, 2012. "Synergies and Trade-offs between Climate and Local Air Pollution: Policies in Sweden," Working Papers in Economics 529, University of Gothenburg, Department of Economics.
  6. repec:old:wpaper:337-11 is not listed on IDEAS

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