Efficient CO2 emissions control with emissions taxes and international emissions trading
AbstractWe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal European Economic Review.
Volume (Year): 53 (2009)
Issue (Month): 6 (August)
Contact details of provider:
Web page: http://www.elsevier.com/locate/eer
Emissions taxes Emissions trading International trade;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- 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.
- Arik Levinson, 2011.
"Belts and Suspenders: Interactions among Climate Policy Regulations,"
in: The Design and Implementation of US Climate Policy, pages 127-140
National Bureau of Economic Research, Inc.
- Arik Levinson, 2010. "Belts and Suspenders: Interactions Among Climate Policy Regulations," NBER Working Papers 16109, National Bureau of Economic Research, Inc.
- repec:old:wpaper:337-11 is not listed on IDEAS
- 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.
- Christoph Böhringer & Dijkstra Bouwe & Knut Einar Rosendahl, 2011.
"Sectoral and Regional Expansion of Emissions Trading,"
V-337-11, University of Oldenburg, Department of Economics, revised Jun 2011.
- Christoph Böhringer & Bouwe Dijkstra & Knut Einar Rosendahl, 2011. "Sectoral and regional expansion of emissions trading," Discussion Papers 654, Research Department of Statistics Norway.
- 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).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.