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Commitment vs. Discretion in Climate and Energy Policy
Habermacher, Florian - 2017
To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...
Persistent link: https://www.econbiz.de/10012960475
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Not so Myopic Consumers - Evidence on Capitalization of Energy Technologies in a Housing Market
Harjunen, Oskari - 2014
Policies affecting the cost of energy use provide correct incentives for technology choices only if there is a market reward for energy efficiency. We provide clean evidence for market efficiency by considering how heating technologies capitalize into house values using detailed Finnish register...
Persistent link: https://www.econbiz.de/10013045929
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France's Environmental Policies : Internalising Global and Local Externalities
Égert, Balázs - 2021
France has a very ambitious environmental-policy agenda, aimed chiefly at cutting greenhouse gas (GHG) emissions but also at dealing with local air and water pollution, waste management and the conservation of biodiversity. The laws that followed the Grenelle de l’environnement encompass...
Persistent link: https://www.econbiz.de/10013315889
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Climate Change and Carbon Tax Expectations
Hoel, Michael - 2021
If investors fear that future carbon taxes will be lower than currently announced by policy makers, long-run investments in greenhouse gas mitigation may be smaller than desirable. On the other hand, owners of a non-renewable carbon resource that underestimate future carbon taxes will postpone...
Persistent link: https://www.econbiz.de/10013316236
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Not so Myopic Consumers - Evidence on Capitalization of Energy Technologies in a Housing Market
Harjunen, Oskari; Liski, Matti - CESifo - 2014
Policies affecting the cost of energy use provide correct incentives for technology choices only if there is a market reward for energy efficiency. We provide clean evidence for market efficiency by considering how heating technologies capitalize into house values using detailed Finnish register...
Persistent link: https://www.econbiz.de/10010948877
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Assessing the Effects of Climate Policy on Companies' Greenhouse Gas Emissions
Montoya, Ana Maria - 2017
We study the effect of climate policy on companies' greenhouse gas emissions using emissions data for the headquarters and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial incentives and legal requirements to audit energy use...
Persistent link: https://www.econbiz.de/10012946920
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Climate Change and Carbon Tax Expectations
Hoel, Michael - CESifo - 2010
If governments cannot commit to future carbon tax rates, investments in greenhouse gas mitigation will be based on uncertain and/or wrong predictions about these tax rates. Predictions about future carbon tax rates are also important for decisions made by owners of non-renewable carbon...
Persistent link: https://www.econbiz.de/10008583726
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France's Environmental Policies: Internalising Global and Local Externalities
Egert, Balazs - CESifo - 2012
France has a very ambitious environmental-policy agenda, aimed chiefly at cutting greenhouse gas (GHG) emissions but also at dealing with local air and water pollution, waste management and the conservation of biodiversity. The laws that followed the Grenelle de l’environnement encompass...
Persistent link: https://www.econbiz.de/10010559788
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Does State Aid for Broadband Deployment in Rural Areas Close the Digital and Economic Divide?
Briglauer, Wolfgang - 2018
We evaluate the impact of a major European state aid programme for broadband deployment applied to rural areas in the German state of Bavaria in the years 2010 and 2011. Using matched difference-in-differences estimation strategies, we find that aided municipalities have – depending on...
Persistent link: https://www.econbiz.de/10012919054
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2015
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ‘observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …
Persistent link: https://www.econbiz.de/10013038262