Optimal emission pricing in the presence of international spillovers: Decomposing leakage and terms-of-trade motives

Carbon leakage provides an efficiency argument for differentiated emission prices in favor of emission-intensive and trade-exposed sectors under unilateral climate policy. However, differential emission pricing can be used as a beggar-thy-neighbor policy to exploit terms of trade. Adopting an optima...

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Veröffentlicht in:Journal of public economics 2014-02, Vol.110, p.101-111
Hauptverfasser: Böhringer, Christoph, Lange, Andreas, Rutherford, Thomas F.
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Sprache:eng
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