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Environmental Policy and the Macroeconomy under Shallow-Lake Dynamics

Heijdra, Ben J.; Heijnen, Pim - CESifo - 2009

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a “cold turkey” abatement policy is optimal, i …

Persistent link: https://www.econbiz.de/10008596591

Nonlinear Production, Abatement, Pollution and Materials Balance Reconsidered

Pethig, Rüdiger - CESifo - 2005

In the environmental economics literature the standard approach of modeling nonlinear production and abatement … and abatement. This paper shows that production functions with emissions treated as inputs can be reconstructed as a … subsystem of a comprehensive production-cum-abatement technology that is in line with the materials-balance principle. In a …

Persistent link: https://www.econbiz.de/10005181310

Economic Challenges in the Anthropocene

Musu, Ignazio - CESifo - 2013

The evolution during the Anthropocene is analyzed through the interaction between economic and technological development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density power. The challenge is how to make the rising demand for...

Persistent link: https://www.econbiz.de/10010877706

Trade Tariffs and Self-Enforcing Environmental Agreements

Eichner, Thomas; Pethig, Rüdiger - CESifo - 2013

In the basic model of international environmental agreements (IEAs) (Barrett 1994, Rubio and Ulph 2006) extended by international trade, self-enforcing - or stable - IEAs may comprise up to 60% of all countries (Eichner and Pethig 2013). But these IEAs reduce total emissions only slightly...

Persistent link: https://www.econbiz.de/10010877766

Green Hypocrisy?: Environmental Attitudes and Residential Space Heating Expenditure

Traynor, Laura; Lange, Ian A.; Moro, Mirko - CESifo - 2012

In the UK, the largest proportion of household energy use is for space heating. Popular media make claims of a green hypocrisy: groups which have the strongest attitude towards the environment have the highest emissions. This study examines whether environmental attitudes and behaviours are...

Persistent link: https://www.econbiz.de/10010877874

Not so Myopic Consumers - Evidence on Capitalization of Energy Technologies in a Housing Market

Harjunen, Oskari; Liski, Matti - CESifo - 2014

Policies affecting the cost of energy use provide correct incentives for technology choices only if there is a market reward for energy efficiency. We provide clean evidence for market efficiency by considering how heating technologies capitalize into house values using detailed Finnish register...

Persistent link: https://www.econbiz.de/10010948877

What Moves the European Carbon Market? - Insights from Conditional Jump Models

Gronwald, Marc; Ketterer, Janina - CESifo - 2012

This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized. The jump-GARCH model explains the unsteady carbon...

Persistent link: https://www.econbiz.de/10010948892

Self-Enforcing International Environmental Agreements and Trade: Taxes Versus Caps

Eichner, Thomas; Pethig, Rüdiger - CESifo - 2014

This paper studies within a multi-country model with international trade the stability of international environmental agreements (IEAs) when countries regulate carbon emissions either by taxes or caps. Regardless of whether coalitions play Nash or are Stackelberg leaders the principal message is...

Persistent link: https://www.econbiz.de/10010948902

Oil Trade and Climate Policy

Curuk, Malik; Sen, Suphi - CESifo - 2015

It has been argued that a depletable resource owner might optimally increase near-term supply in response to environmental policies promoting the development of alternative resources, which might render climate policy ineffective or even counterproductive. This paper empirically confirms this...

Persistent link: https://www.econbiz.de/10011212075

Green Havens and Pollution Havens

Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2012

We test for pollution haven effects in outward foreign direct investment (FDI) for different sectors using a comprehensive and exhaustive dataset for outward FDI from the Netherlands, one of the most environmentally stringent countries and a major source of global FDI. Our evidence suggests that...

Persistent link: https://www.econbiz.de/10011264743