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Does a Renewable Fuel Standard for Biofuels Reduce Climate Costs?

Greaker, Mads; Hoel, Michael; Rosendahl, Knut Einar - CESifo - 2012

Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard. Opposed to most previous studies we...

Persistent link: https://www.econbiz.de/10010598913

Unilateral Climate Policy, Asymmetric Backstop Adoption, and Carbon Leakage in a Two-Region Hotelling Model

Werf, Edwin van der - CESifo - 2010

We study backstop adoption and carbon dioxide emission paths in a two-region model with unilateral climate policy and non-renewable resource consumption. The regions have an equal endowment of the internationally tradable resource and a backstop technology. We first study the case of a...

Persistent link: https://www.econbiz.de/10008572499

Rapacious Resource Depletion, Excessive Investment and Insecure Property Rights

Ploeg, Frederick Van der - CESifo - 2010

For a country fractionalized in competing factions, each owning part of the stock of natural exhaustible resources, or with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We allow property rights to improve as the country...

Persistent link: https://www.econbiz.de/10008583632

Public Policies against Global Warming

Sinn, Hans-Werner - CESifo - 2007

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies – such as increasing ad-valorem taxes on carbon consumption or...

Persistent link: https://www.econbiz.de/10005406187

Fueling Growth when Oil Peaks: Directed Technological Change and the Limits to Efficiency

André, Francisco J.; Smulders, Sjak - CESifo - 2012

While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...

Persistent link: https://www.econbiz.de/10010586070

Has Creative Destruction Become More Destructive?

Komlos, John - CESifo - 2014

destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …

Persistent link: https://www.econbiz.de/10010888453

Constant Savings Rates and Quasi-Arithmetic Population Growth under Exhaustible Resource Constraints

Asheim, Geir B.; Buchholz, Wolfgang; Hartwick, John M.; … - CESifo - 2005

In the Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion we show the following equivalence: If an efficient path has constant (gross and net of population growth) savings rates, then population growth must be quasi-arithmetic and the path is a maximin or a...

Persistent link: https://www.econbiz.de/10005766149

Aggressive Oil Extraction and Precautionary Saving: Coping with Volatility

Ploeg, Frederick Van der - CESifo - 2010

The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...

Persistent link: https://www.econbiz.de/10008572481

What Should we Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D

Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - CESifo - 2010

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …

Persistent link: https://www.econbiz.de/10008583644

Oil Exports and the Iranian Economy

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - CESifo - 2009

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...

Persistent link: https://www.econbiz.de/10008583685