Showing 1 - 10 of 971
optimal climate policy. For the ethics we discuss the role of intergenerational inequality aversion and the discount rate …, where we show the importance of lower discount rates for appraisal of longer run benefit and of policy makers using lower … assumptions are made about each of the drivers of climate policy. Our main objective is to offer an easy back …
Persistent link: https://www.econbiz.de/10012908688
The extent of future climate change is a policy choice. Using an integrated climate-economy assessment model, we … estimate climate policy curves (CPCs) that link the price of carbon dioxide (CO2) to subsequent global temperatures. The … how climate policy choices determine climate outcomes. Our analysis can account for a variety of climate policies …
Persistent link: https://www.econbiz.de/10014241309
emission certificate regulation, and we consider the impact of changes in EU climate policy on the rest of the world as well as … implemented, the low carbon countries will prefer a lower carbon price, i.e. laxer climate policy at the EU level, than before the … reform. For high carbon countries the opposite is true. As a result, EU climate policy becomes less ambitious and less …
Persistent link: https://www.econbiz.de/10013235113
discounted value of marginal damages resulting from emitting one ton of carbon today. Policy makers should set carbon prices to … the SCC using a carbon tax or a competitive permits market. The social discount rate is lower and the SCC higher if policy … makers are more patient and if future generations are less affluent and policy makers care about intergenerational inequality …
Persistent link: https://www.econbiz.de/10012827663
We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...
Persistent link: https://www.econbiz.de/10013323969
-Role Narrative Framework as a tool to systematically analyze narratives, and applies it to study US climate change policy on Twitter … corpora using supervised machine learning. In our application to US climate change policy narratives, we find strong changes …
Persistent link: https://www.econbiz.de/10014356482
Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … reaching the EU climate goal. This policy, however, is not cost efficient …
Persistent link: https://www.econbiz.de/10012892222
Climate policies to keep global warming below 2℃ might render some of the world's fossil fuels and related … infrastructure worthless prior to the end of their economic life time. Therefore, some energy-sector assets are at risk of becoming … stranded. This paper investigates whether and how investors price in this risk of asset stranding. We exploit the gradual …
Persistent link: https://www.econbiz.de/10012859044
supply of funds and the demand for credit. This study investigates how interest rate spreads affect climate policy in its … intermediation costs in a dynamic general equilibrium climate policy model. We find that costly financial intermediation affects …
Persistent link: https://www.econbiz.de/10012830109
The coronavirus pandemic has led many countries to initiate unprecedented economic recovery packages. Policymakers tackling the coronavirus crisis have also been encouraged to prioritize policies which help mitigate a second, looming crisis: climate change. We identify and analyze policies that...
Persistent link: https://www.econbiz.de/10012830362