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France's Environmental Policies: Internalising Global and Local Externalities

Egert, Balazs - CESifo - 2012

France has a very ambitious environmental-policy agenda, aimed chiefly at cutting greenhouse gas (GHG) emissions but also at dealing with local air and water pollution, waste management and the conservation of biodiversity. The laws that followed the Grenelle de l’environnement encompass...

Persistent link: https://www.econbiz.de/10010559788

Too Little Oil, Too Much Coal: Optimal Carbon Tax and when to Phase in Oil, Coal and Renewables

Ploeg, Frederick Van der; Withagen, Cees A. - CESifo - 2011

the following coal-only phase, and a flat carbon tax during the final renewables-only phase. The “laissez-faire” outcome … energy). Subsidizing renewables to just below the cost of coal does not affect the oil-only phase. The gain in green welfare … carbon tax a prohibitive coal tax leads to less oil left in situ and substantially delays introduction of renewables, but …

Persistent link: https://www.econbiz.de/10009221555

A Spatial Approach to Energy Economics

Moreno-Cruz, Juan; Taylor, M. Scott - CESifo - 2013

renewables, implying that the most salient feature of the last 200 years of energy history is the dramatic rise in the use of …

Persistent link: https://www.econbiz.de/10010634077

Optimal Carbon Tax with a Dirty Backstop - Oil, Coal, or Renewables?

Ploeg, Frederick Van der; Withagen, Cees - CESifo - 2011

substantially. Subsidizing renewables to just below the cost of coal does not affect the oil-only phase. The gain in green welfare …

Persistent link: https://www.econbiz.de/10008833876

Carbon Content of Electricity Futures in Phase II of the EU ETS

Fell, Harrison; Hintermann, Beat; Vollebergh, Herman R. J. - CESifo - 2013

We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to physical settlement during the second market phase of the...

Persistent link: https://www.econbiz.de/10010877729

Total Costs and Budgetary Effects of Adaptation to Climate Change: An Assessment for the European Union

Osberghaus, Daniel; Reif, Christiane - CESifo - 2010

Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed and regionalised cost estimates as a basis for cost-benefit-analyses are rare. We compose available cost estimates for adaptation in Europe, and in particular Germany, Finland...

Persistent link: https://www.econbiz.de/10008511596

The Supply Side of CO2 with Country Heterogeneity

Hoel, Michael - CESifo - 2011

Several recent articles have analyzed climate policy giving explicit attention to the non-renewable character of carbon resources. In most of this literature the economy is treated as a single unit, which in the context of climate policy seems reasonable to interpret as the whole world. However,...

Persistent link: https://www.econbiz.de/10008914283

Market Effects of Voluntary Climate Action by Firms: Evidence from the Chicago Climate Exchange

Gans, Will; Hintermann, Beat - CESifo - 2011

Why do for-profit firms take voluntary steps to improve the environment? Brand appeal to green consumers or investors, the ability to influence or avoid regulation, or the experience gained for future regulation, have all been suggested as possible reasons. The empirical evidence is decidedly...

Persistent link: https://www.econbiz.de/10009021238

Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change

Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - CESifo - 2011

This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies under ambiguity. Additionally, numerical simulations are provided to...

Persistent link: https://www.econbiz.de/10009221550

On the Underestimation of the Precautionary Effect in Discounting

Gollier, Christian - CESifo - 2011

Using the extended Ramsey rule, the socially efficient rate is the difference between a wealth effect and a precautionary effect of economic growth. This second effect is increasing in the degree of uncertainty affecting the future. In the literature, it is usually calibrated by estimating the...

Persistent link: https://www.econbiz.de/10009224874