Showing 1 - 10 of 121
We offer a framework to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming budget period, the...
Persistent link: https://www.econbiz.de/10009320996
This paper analyses the policy relevance of the dominant uncertainties in our current scientific understanding of the terrestrial climate system, and provides further evidence for the need to radically transform - this century - our global infrastructure of energy supply, given the global...
Persistent link: https://www.econbiz.de/10005392535
We compare taxes and quotas when firms and the regulator have asymmetric information about abatement costs. Damages are caused by a stock pollutant. Uncertainty enters multiplicatively, i.e. it affects the slope rather than the intercept of abatement costs. We calibrate the model using cost and...
Persistent link: https://www.econbiz.de/10005570314
evaluated using a world energy systems model of linear programming with a high regional resolution. This model treats …
Persistent link: https://www.econbiz.de/10004990071
We describe three essential elements of an effective post-2012 international global climate policy architecture: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ways; an emphasis on an extended time path of targets; and inclusion of...
Persistent link: https://www.econbiz.de/10008642147
and empirical investigation. Under the assumptions of exogenous oil prices and world oil demand, we are able to describe … the relationship between oil production levels and changes in the conditions in world oil markets. Intertemporal … model, oil producers are subject to exogenous shocks in world oil demand and prices. Oil companies can change output levels …
Persistent link: https://www.econbiz.de/10009189889
We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...
Persistent link: https://www.econbiz.de/10011162048
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...
Persistent link: https://www.econbiz.de/10010904906
The present research offers an economic assessment of climate change impacts on the four major crop families characterizing Nigerian agriculture, covering more than 80% of agricultural value added. The evaluation is performed shocking land productivity in a computable general equilibrium model...
Persistent link: https://www.econbiz.de/10010904911
Which kind of reaction can a nation or group of nations expect when leading by example in climate policy? This literature survey describes possible positive reaction mechanisms from different fields of economics, some of which have scarcely been linked to climate economics previously. One effect...
Persistent link: https://www.econbiz.de/10010904926