Announcing is Bad, Delaying is Worse: Another Pitfall in Well-Intended Climate Policy

Darko Jus and Volker Meier

No 3844, CESifo Working Paper Series from CESifo

Abstract: It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is associated with a larger cumulative extraction at any point in time than announcing a late implementation of this policy at the outset.

Keywords: climate policy; carbon taxation; Kyoto Protocol; optimal control (search for similar items in EconPapers)
JEL-codes: D92 H23 K32 Q32 Q38 (search for similar items in EconPapers)
Date: 2012
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Journal Article: Announcing is Bad, Delaying is Worse: Another Pitfall in Well-intended Climate Policy (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_3844

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