Publication:
Intensity-Based Rebating of Emission Pricing Revenues

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dc.contributor.authorBöhringer, Christoph
dc.contributor.authorFischer, Carolyn
dc.contributor.authorRivers, Nicholas
dc.date.accessioned2022-06-02T16:38:20Z
dc.date.available2022-06-02T16:38:20Z
dc.date.issued2022-05
dc.description.abstractCarbon 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/099146306012230610/IDU09a5d8e2808ae70458f0a57405e2997c0969c
dc.identifier.doi10.1596/1813-9450-10069
dc.identifier.urihttps://hdl.handle.net/10986/37498
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCLIMATE CHANGE POLICY
dc.subjectCARBON PRICING
dc.subjectEMISSION INTENSITY REDUCTION
dc.subjectABSOLUTE EMISSION REDUCTION
dc.subjectSOCIAL COST OF CARBON
dc.subjectOUTPUT-BASED REBATE
dc.subjectINTENSITY-BASED REBATE
dc.subjectCARBON EMISSION REDUCTION
dc.subjectCARBON REBATING SCHEMES
dc.subjectCLIMATE CHANGE ECONOMICS
dc.subjectENVIRONMENTAL POLICY
dc.subjectENERGY POLICY
dc.titleIntensity-Based Rebating of Emission Pricing Revenuesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2022-05-31
okr.date.lastmodified2022-05-31T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099146306012230610/IDU09a5d8e2808ae70458f0a57405e2997c0969c
okr.guid099146306012230610
okr.identifier.doi10.1596/1813-9450-10069
okr.identifier.externaldocumentum33833717
okr.identifier.internaldocumentum33833717
okr.identifier.reportWPS10069
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099146306012230610/pdf/IDU09a5d8e2808ae70458f0a57405e2997c0969c.pdfen
okr.topicEnergy::Fuels
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicSocial Development::Social Aspects of Climate Change
okr.unitDEC-Sustainability & Infrastruct (DECSI)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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