| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16985 |
| DP16985 How to Regulate Carbon Emissions with Climate-conscious Consumers | |
| Fabian Herweg; Klaus Schmidt | |
| 发表日期 | 2022-01-31 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Carbon prices are the most powerful instrument to reduce CO2 emissions, but there is strong political opposition to raising them to the efficient level. Therefore, additional efforts of consumers, firms, and local governments to reduce emissions are required. We study how regulatory regimes affect moral behavior and show that a carbon tax complements voluntary efforts to reduce emissions, while cap-and-trade discourages them. In the model consumers can invest in offsets which increases welfare and buy and delete emission rights which leads to more emissions. Furthermore, cap-and-trade shifts the burden of adjustment to poor consumers and has dysfunctional incentive effects. These results are robust to uncertainty and imperfect competition. |
| 主题 | Industrial Organization |
| 关键词 | Carbon pricing Carbon tax Cap-and-trade Climate change Behavioral industrial organization |
| URL | https://cepr.org/publications/dp16985 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545930 |
| 推荐引用方式 GB/T 7714 | Fabian Herweg,Klaus Schmidt. DP16985 How to Regulate Carbon Emissions with Climate-conscious Consumers. 2022. |
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