The authors of this paper develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS), concluding that it is successful in raising the allowance price, but is limited in its ability to improve the system’s resilience to allowance demand shocks. read more »
The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »
This paper explores the relationship between carbon prices and policies that change consumers’ preferences, concluding that taking the effects into account in economic models would enhance understanding of climate change mitigation policy, facilitating the transition to a low-carbon economy. read more »
This research finds that the presence of counter-geoengineering would make the risk of unilateral action to cool the climate using solar geoengineering less likely, but not always with benign effects. read more »
The results of this paper show that upon deciding to invest, firms are attracted to regions that have lower energy prices. This supports arguments for better targeting leakage prevention measures to complement carbon pricing for energy-intensive industrial activities. read more »
To provide analysis that could give guidance on the effects of revenue decoupling in the electricity sector, the authors of this paper developed a simple model that allows them to assess the welfare implications of revenue decoupling, which they investigated for each American state. read more »
This paper is the first to quantitatively compare the power of subjective and objective resilience measures to predict future wellbeing in the face of socio-environmental shocks and stressors. It uses data from rural Kyrgyzstan. read more »
This paper examines the influence of electoral competitiveness on policy decisions over carbon taxes, focusing on fuel duty. read more »
This paper fills a gap in the literature by providing new evidence longer-term impact of energy efficiency measures in terms of savings, and how this varies by measure and household-type. read more »
This paper investigates the role of ‘social spillovers’ in the adoption of new technologies. The authors find that the French-German language border in Switzerland acts as a barrier to social interactions and, eventually, to the adoption of new technologies – in this case solar PV. read more »
