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Efficiency of Carbon Reduction Policies

Project goals

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 tariffs 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.

Keywords

emission reductioncarbon taxCap-and-Tradeoptimal controlequilibrium models

Public support

  • Provider

    Czech Science Foundation

  • Programme

    Standard projects

  • Call for proposals

    SGA0202100005

  • Main participants

    Ústav teorie informace a automatizace AV ČR, v. v. i.

  • Contest type

    VS - Public tender

  • Contract ID

    21-07494S

Alternative language

  • Project name in Czech

    Účinnost politiky snižování emisí uhlíku

  • Annotation in Czech

    Cílem projektu je kvantitativní analýza dvou nejběžnějších nástrojů kontroly emisí oxidu uhličitého: uhlíkové daně a obchodu s emisemi (tzv. systém Cap and Trade). Pro každý z těchto nástrojů bude zformulován model optimálního řízení - v modelu pro uhlíkovou daň bude řídící proměnnou výška daně, v modelu pro Cap and Trade budou řídícími proměnnými počty povolenek alokovaných zdarma a načasování aukcí. V obou případech bude uvažována možnost dovozních cel a podpory technologií redukujících emise. Modely budou aplikovány na evropský Cap and Trade systém za účelem predikce jeho chování, možnosti jeho optimalizace a jeho srovnání s hypotetickou možností zavedení uhlíkové daně.

Scientific branches

  • R&D category

    ZV - Basic research

  • OECD FORD - main branch

    10303 - Particles and field physics

  • OECD FORD - secondary branch

    50202 - Applied Economics, Econometrics

  • OECD FORD - another secondary branch

    —

  • AH - Economics
    BF - Elementary particle theory and high energy physics
    GA - Agricultural economics

Solution timeline

  • Realization period - beginning

    Jul 1, 2021

  • Realization period - end

    Jun 30, 2024

  • Project status

    —

  • Latest support payment

    Feb 29, 2024

Data delivery to CEP

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

  • Data delivery code

    CEP25-GA0-GA-R

  • Data delivery date

    Mar 12, 2025

Finance

  • Total approved costs

    4,700 thou. CZK

  • Public financial support

    4,700 thou. CZK

  • Other public sources

    0 thou. CZK

  • Non public and foreign sources

    0 thou. CZK

Basic information

Recognised costs

4 700 CZK thou.

Public support

4 700 CZK thou.

100%

Provider

Czech Science Foundation

OECD FORD

Particles and field physics

Solution period

01. 07. 2021 - 30. 06. 2024

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