Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30723 
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dc.contributor.authorHoel, Michaelen
dc.date.accessioned2010-03-11-
dc.date.accessioned2010-05-14T08:26:29Z-
dc.date.available2010-05-14T08:26:29Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/30723-
dc.description.abstractIf investors fear that future carbon taxes will be lower than currently announced by policy makers, long-run investments in greenhouse gas mitigation may be smaller than desirable. On the other hand, owners of a non-renewable carbon resource that underestimate future carbon taxes will postpone extraction compared with what they would have chosen had the policymakers been able to commit to the optimal tax path. If extraction costs rise rapidly as accumulated extraction rises, near-term emissions increase as a consequence of a downward bias in the expected future carbon taxes. Whether investments in greenhouse gas mitigation go up or down due to the expectation error depends on the time profile of the returns to the investment.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2966en
dc.subject.jelH23en
dc.subject.jelQ30en
dc.subject.jelQ42en
dc.subject.jelQ54en
dc.subject.ddc330en
dc.subject.keywordclimate changeen
dc.subject.keywordexhaustible resourcesen
dc.subject.keywordcarbon taxen
dc.subject.stwKlimaveränderungen
dc.subject.stwÖkosteueren
dc.subject.stwOptimale Besteuerungen
dc.subject.stwFossiler Energieträgeren
dc.subject.stwKohlendioxiden
dc.subject.stwTreibhausgasen
dc.subject.stwTheorieen
dc.titleClimate change and carbon tax expectations-
dc.typeWorking Paperen
dc.identifier.ppn620940026en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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