Investigator(s)
Department
Begin
End
Agency
GACR
Identification Code
21-07494S
Project Type (EU)
other
Publications ÚTIA
Abstract
The goal of this project is the quantitative analysis of carbon reduction
policies, namely Carbon Tax and Cap and Trade. For each of these policies, an
optimal control model will be formulated; for Carbon Tax, the tax rate will serve
as the control, for Cap and Trade, the controls will include the amounts of freely
allocated allowances and the timing of their auctioning. In addition, import
tari s and green investment subsidies will be considered as possible controls for both policies. The models will be applied to the EU Cap and Trade system
in order to predict its performance, explore possibilities of its optimization and
compare it with a hypothetical carbon taxation.
policies, namely Carbon Tax and Cap and Trade. For each of these policies, an
optimal control model will be formulated; for Carbon Tax, the tax rate will serve
as the control, for Cap and Trade, the controls will include the amounts of freely
allocated allowances and the timing of their auctioning. In addition, import
tari s and green investment subsidies will be considered as possible controls for both policies. The models will be applied to the EU Cap and Trade system
in order to predict its performance, explore possibilities of its optimization and
compare it with a hypothetical carbon taxation.