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Global Governance: Old and New Issues
Hufbauer, Gary Clyde - Institut für Weltwirtschaft (IfW) - 2008
This paper opens with a short recollection of the Kiel Week Conference of 2002, recorded in a volume edited by Horst Siebert, titled Global Governance: An Architecture for the World Economy. Assess-ments and forecasts made at that time are scored against subsequent developments. Security...
Persistent link: https://www.econbiz.de/10005700588
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Fair, Optimal or Detrimental? Environmental vs. Strategic Use of Border Carbon Adjustment
Weitzel, Matthias; Hübler, Michael; Peterson, Sonja - Institut für Weltwirtschaft (IfW) - 2012
We carry out a detailed sensitivity analysis of border carbon adjustment (rates) by applying a global Computable General Equilibrium (CGE) GTAP7-based model. We find different incentives for the regions in the climate coalition to raise carbon-based border tax rates (BTAX) above the standard...
Persistent link: https://www.econbiz.de/10010886854
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Worse off from reduced cost? The role of policy design under uncertain technological advancement
Weitzel, Matthias - Institut für Weltwirtschaft (IfW) - 2014
markets. A shock to renewable energy reduces fossil fuel rents benefiting energy importers, while the opposite holds for a … shock to CCS. The channels obtained in the theoretical model can be confirmed in a more complex global computable general … equilibrium model. Some regions are indeed worse off from shock that lowers their abatement costs …
Persistent link: https://www.econbiz.de/10010886904
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The economic effects of the EU biofuel target
Kretschmer, Bettina; Narita, Daiju; Peterson, Sonja - Institut für Weltwirtschaft (IfW) - 2009
In this paper we use the CGE model DART to assess the economic impacts and optimality of different aspects of the EU climate package. A special focus is placed on the 10% biofuel target in the EU. In particular we analyze the development in the biofuel sectors, the effects on agricultural...
Persistent link: https://www.econbiz.de/10010955848
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Expectation-Driven Climate Treaties with Breakthrough Technologies
Narita, Daiju; Wagner, Ulrich J. - Institut für Weltwirtschaft (IfW) - 2011
The production of bioenergy is considered to be a promising energy source for a sustainable energy mix and it is politically promoted in many countries. With the exception of Brazilian ethanol, bioenergy not competitive to fossil energy sources, and therefore needs to be subsidised. Several...
Persistent link: https://www.econbiz.de/10009293458
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Climate risks and carbon prices: Revising the social cost of carbon
Ackerman, Frank; Stanton, Elizabeth A. - Institut für Weltwirtschaft (IfW) - 2011
The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact of...
Persistent link: https://www.econbiz.de/10009323174
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Embedding CCS infrastructure into the European electricity system: A policy coordination problem
Heitmann, Nadine; Bertram, Christine; Narita, Daiju - Institut für Weltwirtschaft (IfW) - 2010
Carbon dioxide capture and storage (CCS) has recently been receiving increasing recognition in policy debates. Various aspects of possible regulatory frameworks for its implementation are beginning to be discussed in Europe. One of the issues associated with the wide use of CCS is that it...
Persistent link: https://www.econbiz.de/10008693816
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Climate Policy, Technology Choice, and Multiple Equilibria in A Developing Economy
Narita, Daiju - Institut für Weltwirtschaft (IfW) - 2010
Control of carbon dioxide emissions in developing countries is becoming a key issue in the international climate policy. A critical element for achieving substantial emission reduction in those countries is the installment of new energy technologies. Drawing on the framework of poverty-trap...
Persistent link: https://www.econbiz.de/10008543247
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The effect of uncertainty on decision making about climate change mitigation. A numerical approach of stochastic control
Lontzek, Thomas S.; Narita, Daiju - Institut für Weltwirtschaft (IfW) - 2009
We apply standardized numerical techniques of stochastic optimization (Judd [1998]) to the climate change issue. The model captures the feature that the effects of uncertainty are different with different levels of agent's risk aversion. A major finding is that the effects of stochasticity...
Persistent link: https://www.econbiz.de/10005034303
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Integrating Biofuels into the DART Model
Kretschmer, Bettina; Peterson, Sonja; Ignaciuk, Adriana - Institut für Weltwirtschaft (IfW) - 2008
Biofuels and other forms of bioenergy have received increased attention in recent times: They have partly been acclaimed as an instrument to contribute to rural development, energy security and to fight global warming but have been increasingly come under attack for their potential to contribute...
Persistent link: https://www.econbiz.de/10005034305