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Climate Change and Long-Run Discount Rates : Evidence from Real Estate
Giglio, Stefano - 2015
The optimal investment to mitigate climate change crucially depends on the discount rate used to evaluate the … investment's uncertain future benefits. The appropriate discount rate is a function of the horizon over which these benefits … accrue and the riskiness of the investment. In this paper, we estimate the term structure of discount rates for an important …
Persistent link: https://www.econbiz.de/10013009875
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Effects of Unilateral Climate Policy on Terms of Trade, Capital Accumulation, and Welfare in a World Economy
Farmer, Karl - 2013
, if the country which unilaterally reduces her emission permits is a net creditor to the world economy, her own welfare …
Persistent link: https://www.econbiz.de/10012753478
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Climate Change Mitigation Strategies in Fast-Growing Countries : The Benefits of Early Action
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2021
investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …
Persistent link: https://www.econbiz.de/10013316333
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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 From the perspective of a net foreign debtor country that has withdrawn … international policy coordination unless the world economy becomes dynamically inefficient …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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Technological Transfers in Global Climate Policy
Buchholz, Wolfgang - 2015
Theoretical analysis and empirical evidence show that leadership behavior in climate policy through increased abatement efforts or international transfers cannot be expected to be very successful. In this paper we instead show that pioneering activities, which are based on green technological...
Persistent link: https://www.econbiz.de/10013012533
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Oil Trade and Climate Policy
Curuk, Malik - 2015
It has been argued that a depletable resource owner might optimally increase near-term supply in response to environmental policies promoting the development of alternative resources, which might render climate policy ineffective or even counterproductive. This paper empirically confirms this...
Persistent link: https://www.econbiz.de/10013024360
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Climate Policies in a Fossil Fuel Producing Country - Demand Versus Supply Side Policies
Faehn, Taran - 2014
In absence of joint global climate action, several jurisdictions unilaterally restrict their domestic demand for fossil fuels. Another policy option for fossil fuel producing countries, not much explored, is to reduce own supply of fossil fuels. We explore analytically and numerically how...
Persistent link: https://www.econbiz.de/10013039995
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International Energy R&D Spillovers and the Economics of Greenhouse Gas Atmospheric Stabilization
Bosetti, Valentina - 2014
regional model of the world economy, in which energy technical change is endogenous. The focus is on disembodied energy Ramp … different regions of the world? Does the speed of innovation increase? Or do free-riding incentives prevail and international …
Persistent link: https://www.econbiz.de/10012751854
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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
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Kyoto and Carbon Leakage : An Empirical Analysis of the Carbon Content of Bilateral Trade
Aichele, Rahel; Felbermayr, Gabriel J. - 2021
Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...
Persistent link: https://www.econbiz.de/10013315947