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Adaptation can help mitigation : an integrated approach to post-2012 climate policy
Bosello, Francesco; Carraro, Carlo; De Cian, Enrica - 2012
Persistent link: https://www.econbiz.de/10009526834
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Regulating Stock Externalities
Gerlagh, Reyer - 2019
We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...
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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Will Skycrapers Save the Planet? Building Height Limits and Urban Greenhouse Gas Emissions
Borck, Rainald - 2021
This paper studies the effectiveness of building height limits as a policy to limit greenhouse gas (GHG) emissions. It shows that building height limits lead to urban sprawl and higher emissions from commuting. On the other hand, aggregate housing consumption may decrease which reduces emissions...
Persistent link: https://www.econbiz.de/10013315605
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On International Equity Weights and National Decision Making on Climate Change
Anthoff, David; Tol, Richard S. J. - 2021
Estimates of the marginal damage costs of carbon dioxide emissions require the aggregation of monetised impacts of climate change over people with different incomes and in different jurisdictions. Implicitly or explicitly, such estimates assume a social welfare function and hence a particular...
Persistent link: https://www.econbiz.de/10013316482
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Carbon Dioxide as a Risky Asset
Bauer, Adam Michael; Proistosescu, Christian; Wagner, Gernot - 2023
We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk and uncertainty that is consistent with the Intergovernmental Panel on Climate Change’s sixth assessment report. We find that this approach provides economic support for the...
Persistent link: https://www.econbiz.de/10014255593
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Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package
Aune, Finn Roar - 2019
In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European … Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …
Persistent link: https://www.econbiz.de/10012892222
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Addressing the Climate Problem : Choice between Allowances, Feed-In Tariffs and Taxes
Amundsen, Eirik S. - 2018
Instruments chosen to pursue climate related targets are not always efficient. In this paper we consider an economy with three climate related targets for its electricity generation: a given share of “green” electricity, a given expansion of “green” electricity, and a given reduction of...
Persistent link: https://www.econbiz.de/10012920348
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Optimal Carbon Pricing in General Equilibrium : Temperature Caps and Stranded Assets in an Extended Annual DSGE Model
van der Ploeg, Rick; Rezai, Armon - 2021
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for additional negative impacts of global warming on utility and productivity growth, mean reversion in the ratio of climate damages to production, labour-augmenting technical progress, and...
Persistent link: https://www.econbiz.de/10013225748
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Climate Policies : A Burden or a Gain?
Bréchet, Thierry; Tulkens, Henry - 2021
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10013315810