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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 … increasing interaction between electricity and input prices on the one hand, and between electricity markets on the other. The …
Persistent link: https://www.econbiz.de/10010877729
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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
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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
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France's Environmental Policies: Internalising Global and Local Externalities
Egert, Balazs - CESifo - 2012
by the Constitutional Council; the challenges relating to renewable and nuclear electricity generation; the ways to …
Persistent link: https://www.econbiz.de/10010559788
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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
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The Trade-off between Intra- and Intergenerational Equity in Climate Policy
Kverndokk, Snorre; Nævdal, Eric; Nøstbakken, Linda - CESifo - 2013
This paper focuses on two equity dimensions of climate policy, intra- and intergenerational, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which each...
Persistent link: https://www.econbiz.de/10010877658
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Global Warming and a Potential Tipping Point in the Atlantic Thermohaline Circulation: The Role of Risk Aversion
Belaia, Mariia; Funke, Michael; Glanemann, Nicole - CESifo - 2014
Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to stronger near-term abatement. This paper re-examines this result with a DICE model that is fully coupled with a thermohaline circulation model. It also features Epstein-Zin utility...
Persistent link: https://www.econbiz.de/10010886106
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Investigating the U.S. Oil-Macroeconomy Nexus using Rolling Impulse Responses
Gronwald, Marc - CESifo - 2009
This paper is concerned with the apparent change in the U.S. oil price-macroeconomy relationship. It is investigated to what extent this change can be accounted for by the large oil price surges witnessed in the 1970s. The innovative approach of rolling impulse responses is applied and both the...
Persistent link: https://www.econbiz.de/10005013074
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Tax-Benefit Systems in Europe and the US: Between Equity and Efficiency
Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - CESifo - 2011
Whether observed differences in redistributive policies across countries are the result of differences in social preferences or efficiency constraints is an important question that paves the debate about the optimality of welfare regimes. To shed new light on this question, we estimate labor...
Persistent link: https://www.econbiz.de/10009228621
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Reaching Market Equilibrium Merely by Bilateral Barters
Flåm, Sjur Didrik - CESifo - 2013
Motivated by emission and resource markets, this paper considers repeated, bilateral barters between owners of commodity bundles, contingent claims, or property rights. Focus is on feasible, voluntary exchanges, driven only by differences in substitution rates. No coordination is ever needed....
Persistent link: https://www.econbiz.de/10010721608