Intensity-based Rebating of Emission Pricing Revenues:
Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created by two novel forms of rebating that reward additional emission intensity reductions: one giv...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2022
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| Online-Zugang: | Volltext |
| Zusammenfassung: | Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created by two novel forms of rebating that reward additional emission intensity reductions: one given in proportion to output (intensity-based output rebating) and another that rebates a share of emission payments (intensity-based emission rebating). These forms are contrasted with output-based rebating, abatement-based rebating, and lump sum rebating. Given the same emission price, intensity-based output rebating incentivizes the most intensity reductions, while abatement-based rebating incentivizes the most output reductions, and output-based rebating puts the least pressure on output (and emissions); intensity-based emissions rebating lies in between these, by implicitly subsidizing emissions while incentivizing intensity reductions. The paper supplements partial equilibrium theoretical analysis with numerical simulations to assess the performance of different mechanisms in a multisector general equilibrium model that accounts for economywide market interactions |
| Beschreibung: | 1 Online-Ressource (65 Seiten) |
| DOI: | 10.1596/1813-9450-10069 |
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| 520 | 3 | |a Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created by two novel forms of rebating that reward additional emission intensity reductions: one given in proportion to output (intensity-based output rebating) and another that rebates a share of emission payments (intensity-based emission rebating). These forms are contrasted with output-based rebating, abatement-based rebating, and lump sum rebating. Given the same emission price, intensity-based output rebating incentivizes the most intensity reductions, while abatement-based rebating incentivizes the most output reductions, and output-based rebating puts the least pressure on output (and emissions); intensity-based emissions rebating lies in between these, by implicitly subsidizing emissions while incentivizing intensity reductions. The paper supplements partial equilibrium theoretical analysis with numerical simulations to assess the performance of different mechanisms in a multisector general equilibrium model that accounts for economywide market interactions | |
| 650 | 4 | |a Absolute Emission Reduction | |
| 650 | 4 | |a Carbon Emission Reduction | |
| 650 | 4 | |a Carbon Policy and Trading | |
| 650 | 4 | |a Carbon Pricing | |
| 650 | 4 | |a Carbon Rebating Schemes | |
| 650 | 4 | |a Climate Change Economics | |
| 650 | 4 | |a Climate Change Mitigation and Green House Gases | |
| 650 | 4 | |a Climate Change Policy | |
| 650 | 4 | |a Emission Intensity Reduction | |
| 650 | 4 | |a Energy | |
| 650 | 4 | |a Energy Policy | |
| 650 | 4 | |a Environment | |
| 650 | 4 | |a Environmental Policy | |
| 650 | 4 | |a Fuels | |
| 650 | 4 | |a Intensity-Based Rebate | |
| 650 | 4 | |a Macroeconomics and Economic Growth | |
| 650 | 4 | |a Output-Based Rebate | |
| 650 | 4 | |a Social Aspects of Climate Change | |
| 650 | 4 | |a Social Cost of Carbon | |
| 700 | 1 | |a Fischer, Carolyn |e Sonstige |4 oth | |
| 700 | 1 | |a Rivers, Nicholas |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Bohringer, Christoph |t Intensity-based Rebating of Emission Pricing Revenues |d Washington, D.C. : The World Bank, 2022 |
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| discipline | Wirtschaftswissenschaften |
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| doi_str_mv | 10.1596/1813-9450-10069 |
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| institution | BVB |
| language | English |
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| spellingShingle | Bohringer, Christoph Intensity-based Rebating of Emission Pricing Revenues Absolute Emission Reduction Carbon Emission Reduction Carbon Policy and Trading Carbon Pricing Carbon Rebating Schemes Climate Change Economics Climate Change Mitigation and Green House Gases Climate Change Policy Emission Intensity Reduction Energy Energy Policy Environment Environmental Policy Fuels Intensity-Based Rebate Macroeconomics and Economic Growth Output-Based Rebate Social Aspects of Climate Change Social Cost of Carbon |
| title | Intensity-based Rebating of Emission Pricing Revenues |
| title_auth | Intensity-based Rebating of Emission Pricing Revenues |
| title_exact_search | Intensity-based Rebating of Emission Pricing Revenues |
| title_exact_search_txtP | Intensity-based Rebating of Emission Pricing Revenues |
| title_full | Intensity-based Rebating of Emission Pricing Revenues Christoph Bohringer |
| title_fullStr | Intensity-based Rebating of Emission Pricing Revenues Christoph Bohringer |
| title_full_unstemmed | Intensity-based Rebating of Emission Pricing Revenues Christoph Bohringer |
| title_short | Intensity-based Rebating of Emission Pricing Revenues |
| title_sort | intensity based rebating of emission pricing revenues |
| topic | Absolute Emission Reduction Carbon Emission Reduction Carbon Policy and Trading Carbon Pricing Carbon Rebating Schemes Climate Change Economics Climate Change Mitigation and Green House Gases Climate Change Policy Emission Intensity Reduction Energy Energy Policy Environment Environmental Policy Fuels Intensity-Based Rebate Macroeconomics and Economic Growth Output-Based Rebate Social Aspects of Climate Change Social Cost of Carbon |
| topic_facet | Absolute Emission Reduction Carbon Emission Reduction Carbon Policy and Trading Carbon Pricing Carbon Rebating Schemes Climate Change Economics Climate Change Mitigation and Green House Gases Climate Change Policy Emission Intensity Reduction Energy Energy Policy Environment Environmental Policy Fuels Intensity-Based Rebate Macroeconomics and Economic Growth Output-Based Rebate Social Aspects of Climate Change Social Cost of Carbon |
| url | https://doi.org/10.1596/1813-9450-10069 |
| work_keys_str_mv | AT bohringerchristoph intensitybasedrebatingofemissionpricingrevenues AT fischercarolyn intensitybasedrebatingofemissionpricingrevenues AT riversnicholas intensitybasedrebatingofemissionpricingrevenues |