Arbeitspapier
Unilateral CO2 Reduction Policy with More Than One Carbon Energy Source
We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal—very carbon intensive—with gas—less so. Unlike the standard theoretical approach to carbon leakage, we show that unilateral CO2 reduction policies generate a higher leakage rate in the presence of more than one carbon energy source, and may turn counterproductive, ultimately increasing world emissions. We establish testable conditions as to whether a unilateral tax on domestic CO2 emissions increases the domestic exploitation of gas, and whether such a strategy increases global emissions. We also characterize this strategy's implications for climate policy in the rest of the world. Finally, we present an illustrative application of our results to the US.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 8590
- Klassifikation
-
Wirtschaft
Environmental Economics: Government Policy
State and Local Government; Intergovernmental Relations: Interjurisdictional Differentials and Their Effects
Trade and Environment
- Thema
-
unilateral climate policy
carbon emission reduction
shale gas
gas-coal substitution
coal exports
carbon leakage
US policy
counter-productive policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Daubanes, Julien Xavier
Henriet, Fanny
Schubert, Katheline
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Daubanes, Julien Xavier
- Henriet, Fanny
- Schubert, Katheline
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2020
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