IAS Residential Fellow Dr Daniel H. Karney delivers a seminar on their research -
An existing or potential climate policy to limit carbon emissions, such as a cap-and-trade scheme or carbon tax, is likely to cover emissions in only some regions, countries, and sectors. The concern about leakage – the increase in emissions elsewhere not covered by the policy – then arises since emission leakage reduces net carbon abatement. This research identifies the key economic determinants of leakage, and then labels and explains seven different effects within aggregate leakage. Numerical values from three different policy models are employed to calculate the signs and magnitudes of the seven effects in each model. The identified “fuel price effect” is the largest positive effect on leakage, while the other six effects in combination have a significant net negative effect on leakage. These results inform the design of future climate policy or potential modifications to current climate policy.
Arrivals from 11:45 am for a 12:00 noon start. For those joining in-person, lunch will be served from 1:00pm.
This event is hybrid format, please use the required booking button at the bottom of the page to choose either in-person or online attendance.
(Please note that in-person spaces are limited and booking is required, so we can manage numbers for catering and also the space inside International House)
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