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This paper shows that unilateral decarbonization pays for itself in large economies. We estimate economic damages from global temperature shocks and combine them with a climate-economy model to construct Domestic Costs of Carbon: $226 per ton for the United States and $216 per ton for the...
Persistent link: https://www.econbiz.de/10015195010
I distinguish between reduction offsets and removal offsets, the former generated by a reduction in the rate of greenhouse gas emissions and the latter generated by the removal of greenhouse gases from the atmosphere. I show that only removal offsets make any contribution to mitigating climate...
Persistent link: https://www.econbiz.de/10015145121
Klimaschutz und Klimaanpassung sind wesentliche Aufgaben der Zukunftssicherung, für die insbesondere Strategien aus der Immobilien- und Wohnungswirtschaft gefragt sind. Vor diesem Hintergrund wurde im Experimentellen Wohnungs- und Städtebau (ExWoSt) im BBSR das Forschungsvorhaben "Immobilien-...
Persistent link: https://www.econbiz.de/10009687601
Persistent link: https://www.econbiz.de/10009515245
Comprehensive examination of the economic, social, and political context of climate policy in industrialized and developing nations. Calls for a multilateral approach that goes beyond the mitigation-focused Kyoto policies and stresses the importance of generating policies that work within a time...
Persistent link: https://www.econbiz.de/10003565017
Climate change management is a global challenge that requires social science as much as it requires natural science. We provide a brief introduction to the physical science of climate change, written to provide essential background for economists and other social scientists. We also highlight...
Persistent link: https://www.econbiz.de/10012480841
Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and institutional investors' portfolio adjustments after these...
Persistent link: https://www.econbiz.de/10012480961
Finally we question the standard use of infinitely-lived, single-agent models, which assume, unrealistically, intergenerational altruism in determining optimal abatement policy. Their prescriptions can differ, potentially dramatically, from those needed to correct the negative climate...
Persistent link: https://www.econbiz.de/10012455949
The optimal investment to mitigate climate change crucially depends on the discount rate used to evaluate the investment's uncertain future benefits. The appropriate discount rate is a function of the horizon over which these benefits accrue and the riskiness of the investment. In this paper, we...
Persistent link: https://www.econbiz.de/10012456904