Climate policy in the shadow of national security

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Climate policy in the shadow of national security. / Kruse-Andersen, Peter K.

I: Economics Letters, Bind 222, 110923, 01.2023.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Kruse-Andersen, PK 2023, 'Climate policy in the shadow of national security', Economics Letters, bind 222, 110923. https://doi.org/10.1016/j.econlet.2022.110923

APA

Kruse-Andersen, P. K. (2023). Climate policy in the shadow of national security. Economics Letters, 222, [110923]. https://doi.org/10.1016/j.econlet.2022.110923

Vancouver

Kruse-Andersen PK. Climate policy in the shadow of national security. Economics Letters. 2023 jan.;222. 110923. https://doi.org/10.1016/j.econlet.2022.110923

Author

Kruse-Andersen, Peter K. / Climate policy in the shadow of national security. I: Economics Letters. 2023 ; Bind 222.

Bibtex

@article{276faf46a7304eed9cee9f936bdd3bb4,
title = "Climate policy in the shadow of national security",
abstract = "Historical events underscore that heavy reliance on foreign fossil fuel supply may come at a national security cost. The present study derives the optimal policy of a net fossil fuel importing economy with a binding climate target, when fossil fuel imports are associated with national security costs. The study shows that optimal carbon taxes are differentiated across fossil fuels and that domestic fossil fuel production should be subsidized. Further, carbon capture and storage should be taxed, while no subsidies should be granted to green energy production. These results contrast the typical climate policy recommendation of uniform carbon taxation.",
keywords = "Faculty of Social Sciences, climate policy, national security, energy security, environmental taxes and subsidies",
author = "Kruse-Andersen, {Peter K.}",
year = "2023",
month = jan,
doi = "10.1016/j.econlet.2022.110923",
language = "English",
volume = "222",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Climate policy in the shadow of national security

AU - Kruse-Andersen, Peter K.

PY - 2023/1

Y1 - 2023/1

N2 - Historical events underscore that heavy reliance on foreign fossil fuel supply may come at a national security cost. The present study derives the optimal policy of a net fossil fuel importing economy with a binding climate target, when fossil fuel imports are associated with national security costs. The study shows that optimal carbon taxes are differentiated across fossil fuels and that domestic fossil fuel production should be subsidized. Further, carbon capture and storage should be taxed, while no subsidies should be granted to green energy production. These results contrast the typical climate policy recommendation of uniform carbon taxation.

AB - Historical events underscore that heavy reliance on foreign fossil fuel supply may come at a national security cost. The present study derives the optimal policy of a net fossil fuel importing economy with a binding climate target, when fossil fuel imports are associated with national security costs. The study shows that optimal carbon taxes are differentiated across fossil fuels and that domestic fossil fuel production should be subsidized. Further, carbon capture and storage should be taxed, while no subsidies should be granted to green energy production. These results contrast the typical climate policy recommendation of uniform carbon taxation.

KW - Faculty of Social Sciences

KW - climate policy

KW - national security

KW - energy security

KW - environmental taxes and subsidies

U2 - 10.1016/j.econlet.2022.110923

DO - 10.1016/j.econlet.2022.110923

M3 - Journal article

VL - 222

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

M1 - 110923

ER -

ID: 325632567