Published in:ZenTra Working Paper in Transnational Studies ; No. 61 / 2015
Extent:
1 Online-Ressource (30 p)
Language:
English
Origination:
Footnote:
In: ZenTra Working Paper in Transnational Studies No. 61 / 2015
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 23, 2015 erstellt
Description:
Intensity standards have gained substantial momentum as a regulatory instrument in US climate policy. Based on numerical simulations with a large-scale computable general equilibrium model we show that intensity standards may rather increase than decrease counterproductive carbon leakage. Moreover, standards can lead to considerable welfare losses compared to emission pricing via carbon taxation or an emissions trading system. The tradability of standards across industries is a mechanism that can reduce these negative effects