Climate policy enhances efficiency: a macroeconomic portfolio effect
"Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic portfo...
| Main Authors: | , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Munich
2015
CESifo |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19115496124919336789-Climate-policy-enhances-effici.htm |
