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Persistent link: https://www.econbiz.de/10001651202
Economic thought on climate policy as an instance of environmental regulation is strongly influenced by the principle of a uniform carbon price. Economists acknowledge that this principle breaks down in a second-best world with other distortions, such as taxes and market power in domestic and...
Persistent link: https://www.econbiz.de/10010343780
The European Union Emissions Trading Scheme (EU ETS) has aimed to encourage the development of low-carbon technologies … their patenting history and their regulatory status under EU ETS, we investigate the hypothesis that the EU ETS has … activities at the EPO since 2005, especially among EU ETS regulated companies during the Scheme's second phase. Naive estimates …
Persistent link: https://www.econbiz.de/10009535533
The study "Review of voluntary approaches in the European Union" has been conducted in the context of the project "Feasibility study on demonstration of voluntary approaches for industrial environmental management in China" and aims at evaluating the experience with voluntary agreements between...
Persistent link: https://www.econbiz.de/10009536326
Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS),...
Persistent link: https://www.econbiz.de/10013120318
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/10013099441
The U.S. Environmental Protection Agency's (EPA) proposed greenhouse gas (GHG) performance standards for power plants are an important step forward in regulating GHGs in terms of both their substantive impact and legal precedent. Nevertheless, we have some concerns with the proposal, which we...
Persistent link: https://www.econbiz.de/10013103601
Climate policy poses a dilemma for environmental economists. The economic argument for stringent GHG abatement is far from clear. There is disagreement among both climate scientists and economists over the likelihood of alternative climate outcomes, over the nature and extent of the uncertainty...
Persistent link: https://www.econbiz.de/10013104077
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10013084012