Showing 1 - 10 of 35,067
Persistent link: https://www.econbiz.de/10012241616
This paper analyses environmental fiscal policy within a two-sector endogenous growth model with elastic labour supply. Pollution is modelled as a side product of production. The framework allows us to analyse the consequences of an environmental tax on the economic dynamics. Both transitional...
Persistent link: https://www.econbiz.de/10014129997
'To slow or not to slow' (Nordhaus, 1991) was the first economic appraisal of greenhouse gas emissions abatement and founded a large literature on a topic of great, worldwide importance. In this paper we o ffer our assessment of the original article and trace its legacy, in particular Nordhaus'...
Persistent link: https://www.econbiz.de/10013050340
Persistent link: https://www.econbiz.de/10003982484
The paper develops the Basic Climate Economic (BCE) model featuring the core elements of climate economics and climate policy. The BCE model incorporates fossil stock depletion, pollution stock accumulation, endogenous growth, and climate-induced capital depreciation. We first use graphical...
Persistent link: https://www.econbiz.de/10011904761
We develop an economic model for fossil-fuel and carbon-free energy supply and demand with capital and labor as production factors, and endogenous technological change through learning by research and learning by doing. We use the model to study inter-temporally efficient carbon taxes for...
Persistent link: https://www.econbiz.de/10014068675
This paper studies the growth impacts of realizing two long-term carbon targets in Switzerland (reducing CO2 emissions in 2050 by 72% and 80% relative to 1990 levels) with alternative steering-based climate policies that include a uniform tax on the whole economy and differentiated tax schemes....
Persistent link: https://www.econbiz.de/10012137496
We study clean energy subsidies in a quantitative climate-economy model. Clean energy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the marginal...
Persistent link: https://www.econbiz.de/10014440981
We study clean energy subsidies in a quantitative climate-economy model. Clean en-ergy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the...
Persistent link: https://www.econbiz.de/10014444067
Persistent link: https://www.econbiz.de/10014288689