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A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10008671724
When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...
Persistent link: https://www.econbiz.de/10011194232
followed the Grenelle de l’environnement encompass policy measures in energy generation, manufacturing, transport, waste …
Persistent link: https://www.econbiz.de/10010559788
We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location … and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy … plays must first boom and then bust. For both renewable and non-renewable energy sources we link the size of exploitation …
Persistent link: https://www.econbiz.de/10010634077
in energy and environmental policies. It describes fiscal instruments as cost-effective means to promote environmental …
Persistent link: https://www.econbiz.de/10005013063
countries, compatible with the sustainability of the processes concerning the Earth system. Mainly by focusing on the energy-environment … development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density …
Persistent link: https://www.econbiz.de/10010877706
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10011210783
Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...
Persistent link: https://www.econbiz.de/10010877652
Natural gas is likely to become increasingly important in the future. Understanding the stochastic underpinnings of natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the potential presence of jumps in natural gas spot prices in...
Persistent link: https://www.econbiz.de/10010877967
strong impact on both world and European energy markets. In particular, lower U.S. gas and coal prices have changed relative … energy prices both at home and abroad. Finally, competitiveness impacts in some (sub)sectors will be considerable. These …
Persistent link: https://www.econbiz.de/10010948880