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Global Pricing of Carbon-Transition Risk
Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2021
Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable … energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of …. Short-term transition risk is greater for firms located in countries with lower economic development, greater reliance on …
Persistent link: https://www.econbiz.de/10012482725
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Cross Country Fairness Considerations and Country Implications of Alternative Approaches to a Global Emission Reduction Regime
Tian, Huifang - 2012
The UNFCCC process of negotiating multilateral carbon emissions reductions thus far has focused on approximately equiproportional cuts in annual carbon emissions by country along the lines of the Kyoto Protocol agreement. But now, with the objective of involving large developing countries such...
Persistent link: https://www.econbiz.de/10012460218
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Internationally Coordinated Emission Permit Policies : An Option for Withdrawers from the Kyoto Protocol?
Bednar-Friedl, Birgit - 2014
policy if the world economy is dynamically efficient. From the perspective of a net foreign debtor country that has withdrawn … international policy coordination unless the world economy becomes dynamically inefficient …
Persistent link: https://www.econbiz.de/10013070789
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Carbon Motivated Regional Trade Arrangements : Analytics and Simulations
Dong, Yan - 2009
This paper presents both analytics and numerical simulation results relevant to proposals for carbon motivated regional trade agreements summarized in Dong & Whalley(2008). Unlike traditional regional trade agreements, by lowing tariffs on participant's low carbon emission goods and setting...
Persistent link: https://www.econbiz.de/10012463767
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Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies
Nordhaus, William D. - 2016
Climate change remains one of the major international environmental challenges facing nations. Up to now, nations have to date adopted minimal policies to slow climate change. Moreover, there has been no major improvement in emissions trends as of the latest data. The current study uses the...
Persistent link: https://www.econbiz.de/10012455747
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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
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Carbon Emissions Trading and Environmental Protection : International Evidence
Bai, Jennie; Ru, Hong - National Bureau of Economic Research - 2022
We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...
Persistent link: https://www.econbiz.de/10013435149
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Policy Evaluation in Uncertain Economic Environments
Brock, William A. - 2003
This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...
Persistent link: https://www.econbiz.de/10012468673
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Fighting Climate Change : International Attitudes Toward Climate Policies
Dechezleprêtre, Antoine; Fabre, Adrien; Kruse, Tobias; … - National Bureau of Economic Research - 2022
Using new surveys on more than 40,000 respondents in twenty countries that account for 72% of global CO2 emissions, we study the understanding of and attitudes toward climate change and climate policies. We show that, across countries, support for climate policies hinges on three key perceptions...
Persistent link: https://www.econbiz.de/10013334482
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Labour Market Institutions and Unemployment- An International Comparison
Flaig, Gebhard - 2011
This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the period 1960 to 2003 In contrast to many other studies, we use long time series and analyze cyclically adjusted trend values of the unemployment rate. Our novel contribution is...
Persistent link: https://www.econbiz.de/10013120904