Climate Change Policy and Combination of Multiple Policy Instruments (in Japanese)

Toru Morotomi

Economic Analysis, 2005, vol. 175, 142-161

Abstract: In this paper we focus on distributive, allocation and environmental effects of alternative environmental policy instruments and their mix uses ("policy mix"). As a result of our analysis, the following conclusions are obtained; first, recent policy mix proposals have an effect to reduce the welfare losses. Second, the simultaneous use of tax and emissions trading as implemented in EU gives rise to no economic inefficiency. Third, the voluntary agreements can be regarded as a policy instrument for the regulator to acquire more accurate information from the regulated parties.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:esj:esriea:175f

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