Climate policies with pollution externalities and learning spillovers / Paul Lehmann. Helmholtz-Zentrum für Umweltforschung - UFZ, Department Ökonomie
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Discovery
816658641
URN
urn:nbn:de:gbv:3:2-78326
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Leipzig : Helmholtz-Zentrum für Umweltforschung - UFZ, 2009
Umfang
Online-Ressource (PDF-Datei: 16 S., 0,22 MB)
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
Economic theory suggests that with a pollution externality and learning spillovers related to renewable energy technologies, the optimal climate policy mix includes an emissions policy and an output subsidy to the learning industry. Instead of output subsidies, feed-in tariffs are often implemented in addition to emissions policies. This paper reveals that this policy mix may theoretically provide for a first-best outcome as well. However, its efficient design may be cumbersome for regulators. An emissions tax must be below the Pigovian level and differentiate between fossil fuels. Moreover, both tax and feed-in tariff must be adapted continuously.
Schriftenreihe
UFZ-Diskussionspapiere ; 10/2009 ppn:635135833