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Public policies against global warming: a supply side approach
Open accessAbstract
The countries that have ratified the Kyoto Protocol have pledged to limit global warming by reducing the demand for fossil fuels. But what about supply? If suppliers do not react, demand reductions by a subset of countries are ineffective. They simply depress the world price of carbon and induce the environmental sinners to consume what the Kyoto countries have economized on. Even worse, if suppliers feel threatened by a gradual greening of economic policies in the Kyoto countries that would damage their future prices; they will extract their stocks more rapidly, thus accelerating global warming. The paper discusses the remaining policy options against global warming from an intertemporal supply-side perspective.
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Citations
Cites
Fate of fossil fuel CO2 in geologic time
Archer, D. (2005) · Journal of Geophysical Research: Oceans · doi:10.1029/2004jc002625 · Cited by 620
Cited by
Macroeconomic impact of stranded fossil fuel assets
Mercure, J.-F., Pollitt, H., Viñuales, J. E., Edwards, N. R., Holden, P. B., Chewpreecha, U., Salas, P., Sognnaes, I., Lam, A., & Knobloch, F. (2018) · Nature Climate Change · doi:10.1038/s41558-018-0182-1 · Cited by 430
Comparing policies to combat emissions leakage: Border carbon adjustments versus rebates
Fischer, C., & Fox, A. K. (2012) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2012.01.005 · Cited by 425
Guo, Y., Xia, X., Zhang, S., & Zhang, D. (2018) · Sustainability · doi:10.3390/su10040940 · Cited by 341
Environmental regulation and carbon emission: The mediation effect of technical efficiency
Pei, Y., Zhu, Y., Liu, S., Wang, X., & Cao, J. (2019) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2019.07.074 · Cited by 298
CARBON LEAKAGE, THE GREEN PARADOX, AND PERFECT FUTURE MARKETS*
Eichner, T., & Pethig, R. (2011) · International Economic Review · doi:10.1111/j.1468-2354.2011.00649.x · Cited by 175
Metadata
- Authors
- Sinn, H.-W.
- Venue
- International Tax and Public Finance
- Published
- 2008-05-23
- Volume
- 15
- Issue
- 4
- Pages
- 360-394
- ISSN
- 0927-5940 (ISSN-L)
- 1573-6970
- OpenAlex
- W2149557740
- Cited by
- 1,014
- References
- 1
- FWCI
- 84.94
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
