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        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy
        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy

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        How Capital-Based Instruments Facilitate the Transition Toward a Low-Carbon Economy

        ABSTRACT

        This paper compares the temporal profile of efforts to curb greenhouse gas emissions induced by two mitigation strategies: a regulation of all emissions with a carbon price and a regulation of emissions embedded in new capital only, using capital-based instruments such as investment regulation, differentiation of capital costs, or a carbon tax with temporary subsidies on brown capital. A Ramsey model is built with two types of capital: brown capital that produces a negative externality and green capital that does not. Abatement is obtained through structural change (green capital accumulation) and possibly through under-utilization of brown capital. Capital-based instruments and the carbon price lead ....read more

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        DOCUMENT INFO

        • TypeReport, Research Paper
        • PriceFree
        • FormatPDF
        • Size765 KB
        • LanguageEnglish
        • Stacks0
        • Postedalmost 4 years ago
        • AuthoredSep 01, 2013
        • Added byTarek Koudsi
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