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The economics of the CDM levy: revenue potential, tax incidence and distortionary effects

Fankhauser, Samuel; Martin, Nat; Prichard, Stephen - London School of Economics (LSE) - 2009

A levy on the Clean Development Mechanism and other carbon trading schemes is a potential source of finance for climate change adaptation. An adaptation levy of 2 percent is currently imposed on all CDM transactions which could raise around $500 million between now and 2012. This paper analyses...

Persistent link: https://www.econbiz.de/10010746123

Stocks and shocks: a clarification in the debate over price vs. quantity controls for greenhouse gases

Parsons, John E.; Taschini, Luca - London School of Economics (LSE) - 2011

We construct two simple examples that help to clarify the role of a key assumption in the analysis of price or quantity controls of greenhouse gases in the presence of uncertain costs. Traditionally much has been made of the fact that greenhouse gases are a stock pollutant, and that therefore...

Persistent link: https://www.econbiz.de/10010746433

Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries

Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labor …

Persistent link: https://www.econbiz.de/10010746486

The roles of public and private actors in the governance of adaptation: the case of agricultural insurance in India

Fisher, Susannah; Surminski, Swenja - London School of Economics (LSE) - 2012

Climate change adaptation is an increasingly important field and will involve a range of actors from national governments to private companies, communities and households. There is a growing policy discourse supporting the involvement of the private sector in adaptation, however there is little...

Persistent link: https://www.econbiz.de/10010884651

The costs of adaptation

Fankhauser, Samuel - London School of Economics (LSE) - 2009

Policy interest in the cost of adaptation is growing, but compared to the mitigation literature adaptation cost research is still in its infancy. Global adaptation cost estimates from more recent studies range from around $25 billion a year to well over $100 billion by 2015-2030. The wide range...

Persistent link: https://www.econbiz.de/10010884713

Building effective and sustainable risk transfer initiatives in low- and middle-income economies: what can we learn from existing insurance schemes?

Surminski, Swenja; Oramas-Dorta, Delioma - London School of Economics (LSE) - 2011

Persistent link: https://www.econbiz.de/10010745270

Regulated and non-regulated companies, technology adoption in experimental markets for emission permits, and options contracts

Chesney, Marc; Taschini, Luca; Wang, Mei - London School of Economics (LSE) - 2011

This paper examines the investment strategies of regulated companies in abatement technologies, market participants' trading behaviors, and the liquidity level in an inter-temporal cap{and{trade market using laboratory experiments. The experimental analysis is performed under varying market...

Persistent link: https://www.econbiz.de/10010745458

Modern management: good for the environment or just hot air?

Bloom, Nick; Genakos, Christos; Martin, Ralf; Sadun, … - London School of Economics (LSE) - 2008

We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then match this management data to production and energy usage information for establishments owned by these firms. We find that establishments in better managed firms are significantly...

Persistent link: https://www.econbiz.de/10010746109

Environmental economics and modeling marketable permits

Taschini, Luca - London School of Economics (LSE) - 2010

This paper reviews fundamental concepts in environmental economics and explores theoretical results regarding the choice of the key policy instruments for the control of externalities: taxes, subsidies and marketable permits. The paper explains why today market mechanisms are increasingly being...

Persistent link: https://www.econbiz.de/10010746619

A comparison of reduced-form permit price models and their empirical performances

Grüll, Georg; Taschini, Luca - London School of Economics (LSE) - 2010

Equilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. This paper derives first a reducedform model from an equilibrium model and thereby explains how existing reducedform models are related to equilibrium models. Second, by...

Persistent link: https://www.econbiz.de/10011071177