Benchmarks within emissions trading schemes are used to determine the level of free allocation of permits to sectors at the risk of carbon leakage. This paper analyses how the design of such benchmarks can impact on firms’ production decisions and create efficient incentives for production and technology choices. read more »
Current carbon prices around the world are too weak to meet the goals of the Paris Agreement, and Europe needs to show leadership by driving up pricing levels, Nicholas Stern will warn in a speech at the One Planet Summit today (12 December) in Paris. read more »
The decision by the UK Treasury to continue its indefinite freeze of the Carbon Price Support Rate means the price is likely to be too weak to create enough shift from gas-fired power stations to low-carbon sources, such as renewables and nuclear. read more »
Increasingly challenged by climate variability and change, many of the world’s governments have turned to climate services as a means to improve decision making and mitigate climate-related risk. While there have been some efforts to evaluate the economic impact of climate services, little is known about the contexts in which investments in climate services have […]
Dietz and Venmans have built a model of economically-efficient carbon dioxide emissions, which provides solutions for economically optimal peak warming of the planet, optimal emissions along the transition to peak warming, and optimal carbon prices, including under a temperature constraint consistent with the Paris Agreement. read more »
This paper simulates the distributional consequences of alternative carbon emission reduction policies on power producers and finds that that a carbon tax outperforms all other instruments and does not reduce the profits of carbon-free generators. read more »
A patchwork of emissions trading systems (ETSs) currently operate in several jurisdictions, including the EU, Switzerland, South Korea and several US states and Canadian provinces. China has also been experimenting … read more »
Doda, Baran and Taschini, Luca (2016) Carbon dating: when is it beneficial to link ETSs? Journal of the Association of Environmental and Resource Economists . ISSN 2333-5955 (In Press)
Letter published in Nature, 20 April
Presentation given at ‘The impact of Brexit on the UK and European energy markets’ conference organised by Florence School of Regulation, European University Institute on 30 March 2017.
