Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121754
Authors: 
Böhringer, Christoph
Garcia-Muros, Xaquín
Gonzalez-Equino, Mikel
Rey, Luis
Year of Publication: 
2015
Series/Report no.: 
Oldenburg Discussion Papers in Economics V-384-15
Abstract: 
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.
Subjects: 
unilateral climate policy
carbon leakage
intensity standards
computable general equilibrium
JEL: 
D21
H23
D58
Document Type: 
Working Paper

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