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Hoel, Michael - CESifo - 2010

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

Modeling UK Natural Gas Prices when Gas Prices Periodically Decouple from the Oil Price

Asche, Frank; Oglend, Atle; Osmundsen, Petter - CESifo - 2015

demand for natural gas creating gas-specific pricing. Using the model to infer relative values when evidence favors …

Persistent link: https://www.econbiz.de/10011194232

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

Macroeconomic Uncertainty and the Impact of Oil Shocks

Robays, Ine Van - CESifo - 2012

demand and supply shocks. The results show that higher macroeconomic uncertainty, as measured by higher world industrial … elasticity of oil demand and supply in the uncertain regime, or in other words, that both oil curves become steeper when … uncertainty is high. The difference in oil demand elasticities is both statistically and economically meaningful. Accordingly …

Persistent link: https://www.econbiz.de/10010575442

UK Natural Gas: Gas-Specific or Oil Driven Pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - CESifo - 2013

the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …

Persistent link: https://www.econbiz.de/10010721610

The U.S. Dollar Exchange Rate and the Demand for Oil

Schryder, Selien De; Peersman, Gert - CESifo - 2013

leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to … of the US dollar on oil demand tends to be declining over time and, for a subsample of OECD countries, stronger for an …

Persistent link: https://www.econbiz.de/10010877652

Jump Processes in Natural Gas Markets

Mason, Charles F.; Wilmot, Neil - CESifo - 2014

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

Unconventional Gas and the European Union: Prospects and Challenges for Competitiveness

Vollebergh, Herman R. J.; Drissen, Eric - CESifo - 2014

This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...

Persistent link: https://www.econbiz.de/10010948880

Climate Effects of Carbon Taxes, Taking into Account Possible Other Future Climate Measures

Habermacher, Florian; Kirchgässner, Gebhard - CESifo - 2011

The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...

Persistent link: https://www.econbiz.de/10008914276

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