Overlapping Climate Policies

61 Pages Posted: 13 Mar 2019 Last revised: 25 Jan 2023

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 3 versions of this paper

Date Written: March 2019

Abstract

The world is under pressure to deliver on the 2015 Paris Climate Agreement. Individual jurisdictions are enacting policies such as phasing out coal, taxing aviation, and supporting renewable energy. These often overlap with a wider multi-jurisdictional carbon-pricing system like the EU's Emissions Trading System. We develop a general framework to study how such “overlapping climate policies” can help combat climate change—depending on their design, location and timing. Some policies are truly complementary while others backfire by raising aggregate emissions. At a conceptual level, our model encompasses most carbon-pricing systems used in practice and a wide range of popular unilateral policies.

Suggested Citation

Perino, Grischa and Ritz, Robert A. and van Benthem, Arthur, Overlapping Climate Policies (March 2019). NBER Working Paper No. w25643, 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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