In recent years, the investment community has become increasingly aware of the investment
risks from both the physical effects of climate change and the regulatory responses to …

Having experienced low prices for about a decade, the European Union Emissions Trading
System has been supplemented with the market stability reserve (MSR) that adjusts the …

Meeting the Paris Agreement's climate targets necessitates better knowledge about which
climate policies work in reducing emissions at the necessary scale. We provide a global …

We assess evidence from theoretical-modelling, empirical and experimental studies on how
interactions between instruments of climate policy affect overall emissions reduction. Such …

The EU emissions trading system's (ETS) invalidation rule implies that shocks and
overlapping policies can change cumulative carbon emissions. This paper explains these …

The coronavirus pandemic has led many countries to initiate unprecedented economic
recovery packages. Policymakers tackling the coronavirus crisis have also been …

Several years of very low allowance prices in the EU emissions trading scheme (ETS) have
motivated calls to introduce a price floor to correct potential underlying distortions and …

Green tax reform is unpopular because, typically, the poor are hurt most by the higher prices
of carbon-intensive commodities. If revenues from a carbon tax are recycled, it may be …

There is widespread agreement among most economists that economy-wide carbon pricing
will be a necessary (although not necessarily sufficient) component of any policy that can …

Abstract The Market Stability Reserve (MSR) was introduced into the European Union
Emissions Trading System to address a historical surplus of emission allowances and to …