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来源类型Working Paper
规范类型报告
DOI10.3386/w27880
来源IDWorking Paper 27880
Incentivizing Negative Emissions Through Carbon Shares
Derek Lemoine
发表日期2020-10-05
出版年2020
语种英语
摘要I analyze a novel climate policy instrument that attaches a transferable asset to each unit of carbon in the atmosphere. I show that this instrument improves on an emission tax by incentivizing both optimal emission reductions and optimal removal of past emissions. Emitters post a bond equal to the worst-case social cost of carbon, and the regulator deducts damages as they are realized over time. Quantitatively, a bond that is double the optimal emission tax is sufficient to provide optimal carbon removal incentives in 95% of cases.
主题Financial Economics ; Portfolio Selection and Asset Pricing ; Public Economics ; Taxation ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w27880
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/585553
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Derek Lemoine. Incentivizing Negative Emissions Through Carbon Shares. 2020.
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