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- W2336664694 abstract "Climate policies overlapping a cap-and-trade scheme are generally considered not to change domestic emissions. In a two-sector general equilibrium model where only one sector is covered by a cap, we find that such policies do have a net impact on carbon emissions through inter-sectoral leakage. Promotion of renewable energy reduces emissions if tax-funded, but can increase emissions if funded by a levy on electricity. Replacing fossil fuels by electricity in uncapped sectors (e.g. power-to-heat or electric cars) and increases in the efficiency of electricity use reduce domestic emissions. Moreover, the commonly used measure to assess renewable energy policies is biased." @default.
- W2336664694 created "2016-06-24" @default.
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- W2336664694 date "2015-01-01" @default.
- W2336664694 modified "2023-09-27" @default.
- W2336664694 title "Do Renewable Energy Policies Reduce Carbon Emissions? On Caps and Intra-Jurisdictional Leakage" @default.
- W2336664694 hasPublicationYear "2015" @default.
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