http://www.VoxEU.org Recent Thomas F. Rutherford articles on VoxEU.org en http://www.VoxEU.org/index.php?q=node/5002 Christoph Böhringer, Andreas Lange, Thomas F. Rutherford, 6 May 2010

Will unilateral emissions cap-and-trade schemes result in carbon leakage and provide a cover for protectionist policies? This column argues that these risks are overstated. Moreover, large open economies such as the EU or the US cannot substantially reduce pollution costs through competing on emission-prices and a simple rule of uniform pricing is close to optimal.

Full Article: Unilateral climate policy: Combat leakage or beggar-thy-neighbour?]]> Thu, 06 May 2010 00:00:00 GMT http://www.VoxEU.org/index.php?q=node/5002 http://www.VoxEU.org/index.php?q=node/4345 Geoffrey Blanford, Valentina Bosetti, Carlo Carraro, Richard Richels, Thomas F. Rutherford, Massimo Tavoni, 7 December 2009

China and other key developing countries must participate for any global carbon deal to succeed, but they make a strong case for a free pass. What can be done? This column says that they could commit now to accept pre-specified future emission reduction targets in order to effectively address these concerns.

Full Article: Breaking the climate stalemate?]]> Mon, 07 Dec 2009 00:00:00 GMT http://www.VoxEU.org/index.php?q=node/4345 http://www.VoxEU.org/index.php?q=node/4321 Christoph Böhringer, Thomas F. Rutherford, Richard S J Tol, 4 December 2009

The EU is committed to limiting the rise in global average temperature to 2°C above pre-industrial levels and aims to achieve this through a range of policy instruments. This column warns that climate policy need not cost a lot, but imperfect implementation could cause hundreds of billions of euros’ worth of unnecessary welfare losses.

Full Article: The large welfare costs of second-best EU climate policies]]> Fri, 04 Dec 2009 00:00:00 GMT http://www.VoxEU.org/index.php?q=node/4321