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Carbon, Trade Policy, and Carbon Free Trade Areas

Dong, Yan - 2008

, forms and possible impacts of each variant. We also speculate as to how the world trading system may evolve in the next few …

Persistent link: https://www.econbiz.de/10012464216

Co-optimization of Enhanced Oil Recovery and Carbon Sequestration

Leach, Andrew - 2009

In this paper, we present what is to our knowledge the first theoretical economic analysis of CO2- enhanced oil recovery (EOR). This technique, which has been used successfully in a number of oil plays (notably in West Texas, Wyoming, and Saskatchewan), entails injection of CO2 into mature oil...

Persistent link: https://www.econbiz.de/10012463614

Public Policies against Global Warming

Sinn, Hans-Werner - 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/10012465195

Who Should Abate Carbon Emissions? An International Viewpoint

Chichilnisky, Graciela - 1993

We review the optimal pattern of carbon emission abatements across countries in a simple multi-country world. We model …

Persistent link: https://www.econbiz.de/10012474525

Evolution of Assessments of the Economics of Global Warming : Changes in the DICE model, 1992 – 2017

Nordhaus, William D. - 2017

Many areas of the natural and social sciences involve complex systems that link together multiple sectors. Integrated assessment models (IAMs) are approaches that integrate knowledge from two or more domains into a single framework, and these are particularly important for climate change. One of...

Persistent link: https://www.econbiz.de/10012455362

On a World Climate Assembly and the Social Cost of Carbon

Weitzman, Martin - 2016

This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world "Social Cost of Carbon" (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …

Persistent link: https://www.econbiz.de/10012455867

Will the Paris Accord Accelerate Climate Change?

Kotlikoff, Laurence J. - 2016

Finally we question the standard use of infinitely-lived, single-agent models, which assume, unrealistically, intergenerational altruism in determining optimal abatement policy. Their prescriptions can differ, potentially dramatically, from those needed to correct the negative climate...

Persistent link: https://www.econbiz.de/10012455949

Price of Long-Run Temperature Shifts in Capital Markets

Bansal, Ravi - 2016

We use the forward-looking information from the US and global capital markets to estimate the economic impact of global warming, specifically, long-run temperature shifts. We find that global warming carries a positive risk premium that increases with the level of temperature and that has almost...

Persistent link: https://www.econbiz.de/10012456150

Which Social Cost of Carbon? A Theoretical Perspective

Kotchen, Matthew J. - 2016

This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...

Persistent link: https://www.econbiz.de/10012456430

How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality

Weitzman, Martin L. - 2016

It is difficult to resolve the global warming free-rider externality problem by negotiating many different quantity targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are domestically retained) counters self-interest by incentivizing...

Persistent link: https://www.econbiz.de/10012456478

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