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Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post-crisis adjustment of European current account deficits was in line with global developments (though more forceful), European current account surpluses defied global trends and increased....
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Despite growing scientific evidence that passing a 2°C temperature increase may trigger tipping points in climate dynamics, most Integrated Assessment Models (IAM) based on Cost Benefit Analysis (CBA) with smooth quadratic damage functions are unable to account for the possibility of strong...
Persistent link: https://www.econbiz.de/10009628139
The Energy Modeling Forum 28 (EMF28) study systematically explores the energy system transition required to meet the European goal of reducing greenhouse gas (GHG) emissions by 80% by 2050. The 80% scenario is compared to a reference case that aims to achieve a 40% GHG reduction target. The...
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This paper aims at modeling a global CGE trade model for the EU15 subnational regions. This model is used to assess … production reallocation across sectors in each EU15 region, assuming a scenario in which world tariff liberalization is … in agricultural production in the EU15 of about 0.93%. All regions reduce agriculture but show different magnitudes in …
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We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...
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The China - Raw Materials dispute recently arbitrated by the WTO opposed China as defendant to the US, the EU and …
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