PRICE CAPS AND PRICE FLOORS IN CLIMATE POLICY A Quantitative Assessment

@inproceedings{Philibert2008PRICECA,
  title={PRICE CAPS AND PRICE FLOORS IN CLIMATE POLICY A Quantitative Assessment},
  author={C{\'e}dric Philibert and IEA InformAtIon PAPEr},
  year={2008}
}
This study assesses the long-term economic and environmental effects of introducing price caps and price floors in hypothetical climate change mitigation architecture, which aims to reduce global energy-related CO2 emissions by 50% by 2050. Based on abatement costs in IPCC and IEA reports, this quantitative analysis confirms what qualitative analyses have already suggested: introducing price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from… CONTINUE READING

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