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The Green Industrial Revolution – Investment Pathways to Decarbonize the Industrial Sector in Europe
Zimmer, Markus; Hoffmann, Patrick - 2023
The industrial sector is responsible for roughly one quarter of global greenhouse-gas (GHG) emissions. To align sector pathway developments with overarching net-zero transition goals in different industries, governments are required to understand sectoral reduction potentials to efficiently...
Persistent link: https://www.econbiz.de/10014347826
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Inefficient Water Pricing and Incentives for Conservation
Chakravorty, Ujjayant - 2019
We use two randomized controlled trials in Bangladesh to study a simple water conservation technology for rice … that AWD only saves water and increases profits in villages where farmers pay a marginal price for water, but not when they … irrigation water. This low-cost, scalable intervention causes farmers to place more value on the water-saving technology. Demand …
Persistent link: https://www.econbiz.de/10012889757
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How Does Climate Change Affect the Transition of Power Systems : The Case of Germany
Golub, Alexander; Govorukha, Kristina; Mayer, Philip; … - 2021
analysis is based on extensive datasets comprising temperature and drought data for the last 40 years. We find evidence of a … wholesale electricity price and price volatility and develop a capacity-adjusted drought index. The results are used to assess …
Persistent link: https://www.econbiz.de/10013315203
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Relative Prices and Climate Policy : How the Scarcity of Non-Market Goods Drives Policy Evaluation
Drupp, Moritz A. - 2020
Climate change not only impacts production and market consumption, but also the relative scarcity of non-market goods, such as environmental amenities. We study fundamental drivers of the resulting relative price changes, their potential magnitude, and their implications for climate policy in...
Persistent link: https://www.econbiz.de/10012842678
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Simple Rules for Climate Policy and Integrated Assessment
van der Ploeg, Rick - 2018
A simple integrated assessment framework that gives rules for the optimal carbon price, transition to the carbon-free era and stranded carbon assets is presented, which highlights the ethical, economic, geophysical and political drivers of optimal climate policy. For the ethics we discuss the...
Persistent link: https://www.econbiz.de/10012908688
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The Effects of Climate Change on a Small Open Economy
Economides, George - 2019
We investigate the impact of climate change on the macroeconomic performance of a small open economy. The setup is a new Keynesian dynamic stochastic general equilibrium model of a small open economy without monetary policy independence in which a climate module that interacts with the economy...
Persistent link: https://www.econbiz.de/10012888993
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Regulating Stock Externalities
Gerlagh, Reyer - 2019
-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …
Persistent link: https://www.econbiz.de/10012892203
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The Social Cost of Carbon and the Ramsey Rule
Withagen, Cees - 2019
The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...
Persistent link: https://www.econbiz.de/10012892228
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Climate Change Expectations and Endogenous Economic Growth in the Dice Model
Ciesielski, Anna - 2019
This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...
Persistent link: https://www.econbiz.de/10012865176
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Should Faustmann Forecast Climate Change?
Gars, Johan - 2019
Climate change is predicted to substantially alter forest growth. Optimally, forest owners should take these future changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change makes predicting these shifts hard. Hence, this paper...
Persistent link: https://www.econbiz.de/10012866409