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Environmental policy under model uncertainty: a robust optimal control approach

Funke, Michael; Paetz, Michael - 2007

Model uncertainty is inherent in the design of optimal environmental policy. We investigate the consequences in a simple linear model, where the aim of the policymaker is to stabilize the carbon content of the atmosphere. We study how decision-makers' concerns about robustness alter policy using...

Persistent link: https://www.econbiz.de/10010264084

Delayed action and uncertain targets: how much will climate policy cost?

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra - 2008

Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and...

Persistent link: https://www.econbiz.de/10010264441

Modelling economic impacts of alternative international climate policy architectures: a quantitative and comparative assessment of architectures for agreement

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - 2008

This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political...

Persistent link: https://www.econbiz.de/10010264453

The optimal climate policy portfolio when knowledge spills across sectors

Massetti, Emanuele; Nicita, Lea - 2010

This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy...

Persistent link: https://www.econbiz.de/10010270521

Leakage, welfare, and cost-effectiveness of carbon policy

Baylis, Kathy; Fullerton, Don; Karney, Dan - 2013

We extend the model of Fullerton, Karney, and Baylis (2012 working paper) to explore cost-effectiveness of unilateral climate policy in the presence of leakage. We ignore the welfare gain from reducing greenhouse gas emissions and focus on the welfare cost of the emissions tax or permit scheme....

Persistent link: https://www.econbiz.de/10010291558

The Value of Information in Water Quality Monitoring and Management

Luhede, Amelie; Yaqine, Houda; Bahmanbijari, Reza; … - 2023

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty prior to decision-making, collecting new data may help arrive at more informed decisions. Whether any resulting improvement in the decision will outweigh the cost of collecting the...

Persistent link: https://www.econbiz.de/10014255421

Regulation of Location-Specific Externalities

Amundsen, Eirik Schrøder - 2019

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …

Persistent link: https://www.econbiz.de/10012892205

Water Tariffs and Consumers' Inaction

Ornaghi, Carmine; Tonin, Mirco - 2018

We study adoption by more than 150,000 households of an optional transitional water tariff implemented in the South-East of England in conjunction with an universal metering pro-gramme. We document how inertia leads customers to relinquish substantial financial gains, with less than a third of...

Persistent link: https://www.econbiz.de/10011872047

Banking permits: economic efficiency and distributional effects

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - 2008

Most analyses of the Kyoto flexibility mechanisms focus on the cost effectiveness of "where" flexibility (e.g. by showing that mitigation costs are lower in a global permit market than in regional markets or in permit markets confined to Annex 1 countries). Less attention has been devoted to...

Persistent link: https://www.econbiz.de/10010264301

Delayed participation of developing countries to climate agreements: should action in the EU and US be postponed?

Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2008

This paper analyses the cost implications for climate policy in developed countries if developing countries are unwilling to adopt measures to reduce their own GHG emissions. First, we assume that a 450 CO2 (550 CO2e) ppmv stabilisation target is to be achieved and that Non Annex1 (NA1)...

Persistent link: https://www.econbiz.de/10010264473