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Environmental prices, uncertainty and learning
Dietz, Simon; Fankhauser, Samuel - London School of Economics (LSE) - 2009
There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivise private behaviour. In practice, setting that price can be extremely difficult as uncertainties abound. There is often uncertainty not just about individual parameters but about the...
Persistent link: https://www.econbiz.de/10010884522
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Environmental policy and the economic downturn
Bowen, Alex; Stern, Nicholas - London School of Economics (LSE) - 2010
This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008-09 for environmental policies, focusing in particular on the example of action against climate change. The arguments for and...
Persistent link: https://www.econbiz.de/10010744909
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The effects and side-effects of the EU emissions trading scheme
Laing, Timothy; Sato, Misato; Grubb, Michael; Comberti, … - London School of Economics (LSE) - 2014
As many countries, regions, cities, and states implement emissions trading policies to limit CO2 emissions, they turn … to the European Union's experience with its emissions trading scheme since 2005. As a prominent example of a regional … impacts of emissions trading. Among the key difficulties faced by researchers is isolating the effect of the EU ETS on …
Persistent link: https://www.econbiz.de/10011125999
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Environmental prices, uncertainty, and learning
Dietz, Simon; Fankhauser, Samuel - London School of Economics (LSE) - 2010
There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivize private behaviour. In practice, setting that price can be extremely difficult as uncertainties abound. There is often uncertainty not just about individual parameters but about the...
Persistent link: https://www.econbiz.de/10011126224
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Industry compensation under relocation risk: a firm-level analysis of the EU emissions trading scheme
Martin, Ralf; Muuls, Mirabelle; de Preux, Laure B.; … - London School of Economics (LSE) - 2014
formalize this fundamental economic logic and apply it to analyzing compensation rules proposed under the EU Emissions Trading …
Persistent link: https://www.econbiz.de/10011126676
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The impact of ‘clean innovation’ on economic growth: evidence from the transport and energy industries
Martin, Ralf; Vaitilingam, Romesh - London School of Economics (LSE) - 2014
Policies on climate change that encourage 'clean innovation' while displacing 'dirty innovation' could have a positive impact on short-term economic growth while avoiding the potentially disastrous reduction in GDP that could result from climate change over the longer term.
Persistent link: https://www.econbiz.de/10011126727
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The carbon market in 2020: volumes, prices and gains from trade
Brinkman, Marcel; Fankhauser, Samuel; Irons, Ben; … - London School of Economics (LSE) - 2009
Carbon markets are central to the global effort to reduce greenhouse gas emissions. This paper introduces a new carbon … would vary from €30 per tCO2 in Europe to €15 per tCO2 on the international offset market and in the new US emissions …
Persistent link: https://www.econbiz.de/10011071261
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Climate change policy and business in Europe: evidence from interviewing managers
Anderson, Barry; Leib, Jörg; Martin, Ralf; McGuigan, Marty - London School of Economics (LSE) - 2011
Emissions Trading Scheme (EU ETS). The evidence is based on new data from almost 800 phone interviews we conducted with managers …
Persistent link: https://www.econbiz.de/10011071401
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Designing carbon markets, part II: carbon markets in space
Hepburn, Cameron; Fankhauser, Samuel - London School of Economics (LSE) - 2010
This paper analyses the design of carbon markets in space (i.e., geographically). It is part of a twin set of papers that, starting from first principles, ask what an optimal global carbon market would look like by around 2030. Our focus is on firm-level cap-and-trade systems, although much of...
Persistent link: https://www.econbiz.de/10011126264
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Still time to reclaim the European union emissions trading system for the European tax payer
Martin, Ralf; Wagner, Ulrich J.; Muuls, Mirabelle - London School of Economics (LSE) - 2010
phase of the European Union Emissions Trading System (EU ETS) are not restrictive enough. Evidence from interviews with …
Persistent link: https://www.econbiz.de/10011126603