Publications

Emissions trading with transaction costs

Working paper by Marc Baudry, Anouk Faure, Simon Quemin on 25 Jun 2020

The authors of this paper develop a theoretical model of emissions trading in the presence of transaction costs, calibrating the model to annual transactions and compliance data in the European Union emissions trading scheme over its second phase.


Global lessons for the UK in carbon taxes

Policy publication by Josh Burke, Rebecca Byrnes, Sam Fankhauser on 2 Aug 2019

This policy brief analyses global trends in carbon taxation and differences in tax design around the world to draw out lessons for the design of a possible new carbon tax for the UK, as the country plans how to meet its ambitious new net-zero emissions target and how it prices carbon after Brexit. read more »


Linking permit markets multilaterally

Working paper by Baran Doda, Simon Quemin, Luca Taschini on 27 Feb 2019

A patchwork of emissions trading systems (ETSs) currently operate in several jurisdictions, including the EU, Switzerland, South Korea and several US states and Canadian provinces. China has also been experimenting with emissions trading in seven provinces and cities and is setting up a national system that will be much larger than the current largest system, […]