Emissions taxes and carbon caps can both lead to efficient production of energy, in the sense of controlling carbon emissions to the extent that is efficient with existing technologies. However, the regulatory policy has a second objective, which is to create incentives to develop lower-carbon ...
where the emissions and energy consumption of the car journey can be significantly reduced with EVs, but where this reduction is limited by the inherent energy required to power a small private vehicle at low occupancy. Given that just 1 in 50 new cars globally are electric and that cars have...
and B. Laplante [1999] `Environmental Policy and Time Consistency: Emission Taxes and Emissions Trading,' in: Petrakis, E., E.S. Sartzetakis and A. Xepapadeas (eds.): Environmental regula- tion and market power: Competition, time consistency and international trade, Edward Elgar, Cheltenham...
Emissions taxes and carbon caps can both lead to efficient production of energy, in the sense of controlling carbon emissions to the extent that is efficient with existing technologies. However, the regulatory policy has a second objective, which is to create incentives to develop lower-carbon tech...
The political reaction to the costs of feed-in tariffs for renewables as production increased in Germany and Spain provides an example of the risks, even with the revenue that the sale of electricity provides. The relatively lower political cost salience of mandates—compared to both taxes and ...
construction methods. Feed-in tariffs (FITs) ensure that renewable energy producers receive set payments for the electricity they generate, thus increasing the appeal of investing in solar and wind power. Carbon pricing methods, such as carbon taxes and cap-and-trade systems, provide additional ...
This condition alone, however, is insufficient to determine the time path of future surpluses: the government could pay off the debt by briefly raising taxes a lot; it could permanently raise taxes a small amount; or it could use some other policy. We assume that the government levies a ...
Various measures are put forward to manage this transformation, including industrial R&D, piloting of net-zero technologies, and demand support such as border carbon taxes, consumption-based carbon pricing, and/or cross-sectorial collaborations. What emerges is a need to prepare for deeper abatement ...
require an overhaul of current incentive structures, shifting support to interventions that more directly target emission reduction, such as GHG taxes on output or consumer demand, or more funding for R&D in productivity-increasing and emission-savings technologies and subsidizing the cost of their ...
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