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 …

Putting a price on carbon is critical for climate change policy. Increasingly, policymakers
combine multiple policy tools to achieve this, for example by complementing cap-and-trade …

This article describes a revenue and distributionally neutral approach to reducing US
greenhouse gas emissions that uses a carbon tax. The revenue from the carbon tax is used …

Carbon markets are substantial and they are expanding. There are many lessons from
market experiences over the past eight years: there should be fewer free allowances, better …

Total factor productivity (TFP) is widely used to evaluate the development quality of the
economy, and carbon price stabilization mechanism (CPSM) has been introduced to reduce …

The paper focuses on a so-called emission-dependent supply chain consisting of one single
emission-dependent manufacturer and one single emission permit supplier in the 'cap-and …

This paper provides (for the nonspecialist) a highly streamlined discussion of the main
issues, and controversies, in the design of climate mitigation policy. The first part of the …

Carbon pricing is widely recognized as the most economically efficient policy to reduce
greenhouse gas emissions. However, its high-cost visibility creates political challenges for …

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 …

Abstract The Regional Greenhouse Gas Initiative (RGGI) is a consortium of northeastern US
states that limit carbon dioxide emissions from electricity generation through a regional …