scholarly journals Cost-Effective Unilateral Climate Policy Design: Size Matters

2011 ◽  
Author(s):  
Christoph Böhringer ◽  
Carolyn Fischer ◽  
Knut Einar Rosendahl
Keyword(s):  
Climate Policy ◽  
Policy Design ◽  
Cost Effective ◽  
Unilateral Climate Policy

scholarly journals Cost-effective unilateral climate policy design: Size matters

2014 ◽  
Vol 67 (3) ◽  
pp. 318-339 ◽  
Author(s):  
Christoph Böhringer ◽  
Carolyn Fischer ◽  
Knut Einar Rosendahl
Keyword(s):  
Climate Policy ◽  
Policy Design ◽  
Cost Effective ◽  
Unilateral Climate Policy

Vertical Targeting and Leakage in Carbon Policy

2011 ◽  
Vol 101 (3) ◽  
pp. 263-267 ◽  
Author(s):  
James B Bushnell ◽  
Erin T Mansur
Keyword(s):  
Climate Policy ◽  
Policy Design ◽  
Pollution Source ◽  
Pollution Sources ◽  
External Effects ◽  
Local Climate ◽  
Carbon Policy

This paper examines the intersection between two aspects of climate policy design. The first is the point of regulation: should it be placed on pollution sources, carbon-rich inputs, or consumers? The second aspect concerns the external effects of a local climate policy. Leakage occurs when partial regulation results in an increase in emissions in unregulated parts of the economy. Our model demonstrates how directly regulating polluters can increase foreign emissions while indirect regulation (either upstream or downstream of the pollution source) will decrease foreign emissions. The net effect on combined domestic and foreign emissions will depend on market elasticities.

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