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Time-Consistent Carbon Pricing
| Content Provider | Semantic Scholar |
|---|---|
| Author | Chiappinelli, Olga Neuhoff, Karsten |
| Copyright Year | 2017 |
| Abstract | In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price- investment equilibrium can be sustained in the long-term, if the policy-maker is enough forward looking and allowed to build reputation. In the short-term, time- inconsistency can be alleviated by complementing carbon pricing with project-based carbon price guarantees. |
| File Format | PDF HTM / HTML |
| DOI | 10.2139/ssrn.3100108 |
| Alternate Webpage(s) | https://www.diw.de/documents/publikationen/73/diw_01.c.574083.de/dp1710.pdf |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.3100108 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
