Daubanes, Julien
[VerfasserIn]
;
Henriet, Fanny
[Sonstige Person, Familie und Körperschaft];
Schubert, Katheline
[Sonstige Person, Familie und Körperschaft]
More Gas, Less Cole, and Less CO2? Unilateral CO2 Reduction Policy with More than One Carbon Energy Source
Erschienen in:CESifo Working Paper Series ; No. 6697
Umfang:
1 Online-Ressource (43 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3075157
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 19, 2017 erstellt
Beschreibung:
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 analysis of carbon leakage, unilateral carbon-reduction policies with more than one carbon energy source may turn counter-productive, ultimately increasing world emissions. Thus, we establish testable conditions as to whether a governmental emission-reduction commitment warrants the exploitation of gas, and whether such a strategy increases global emissions. We also characterize the extent to which this unilateral policy makes the rest of the world's emission commitments more difficult to meet. Finally, we apply our results to the case of the US