Overlapping Climate Policies

55 Pages Posted: 13 Mar 2019 Last revised: 26 Jul 2021

See all articles by Grischa Perino

Grischa Perino

University of Hamburg

Robert A. Ritz

University of Cambridge - Judge Business School

Arthur van Benthem

University of Pennsylvania - Business & Public Policy Department

Multiple version iconThere are 2 versions of this paper

Date Written: March 2019

Abstract

Major carbon-pricing systems in Europe and North America involve multiple jurisdictions (countries or states). Individual jurisdictions often pursue additional initiatives—such as unilateral carbon price floors, legislation to phase out coal, aviation taxes or support programs for renewable energy—that overlap with the wider carbon-pricing system. We develop a general framework to study how the climate benefit of such overlapping policies depends on their design, location and timing. Some policies leverage additional climate benefits elsewhere in the system while others backfire by raising aggregate emissions. Our model encompasses almost every type of carbon-pricing system used in practice.

Suggested Citation

Perino, Grischa and Ritz, Robert A. and van Benthem, Arthur, Overlapping Climate Policies (March 2019). Available at SSRN: https://ssrn.com/abstract=3351841

Grischa Perino (Contact Author)

University of Hamburg ( email )

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Germany

HOME PAGE: http://sites.google.com/site/gperinosite/

Robert A. Ritz

University of Cambridge - Judge Business School ( email )

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Cambridge, CB2 1AG
United Kingdom

Arthur Van Benthem

University of Pennsylvania - Business & Public Policy Department ( email )

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Philadelphia, PA 19104-6372
United States
215-898-3013 (Phone)

HOME PAGE: http://bepp.wharton.upenn.edu/profile/21174/

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