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Despite ambitious climate goals and already substantial stocks of developed fossil energy reserves, development of new fossil energy reserves continues to be high. This raises concerns, as it reinforces the fossil industry’s opportunities and incentives to continue extraction, and may...
Persistent link: https://www.econbiz.de/10012257735
sensitivity analysis upon the role of the 2020 renewable targets and increased energy efficiency improvements is also carried out …
Persistent link: https://www.econbiz.de/10010199756
The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...
Persistent link: https://www.econbiz.de/10003939168
final energy consumption, and improved energy efficiency. We find that the renewable and energy-efficiency targets have been …
Persistent link: https://www.econbiz.de/10011933893
blocs act strategically in fossil fuel markets. When the policy bloc sets a carbon tax, the fuel import price set by the … fringe also gains from reduced fuel import prices, and gains more when the policy bloc is larger. When the policy bloc sets … an emissions cap, fuel demand becomes less price elastic. In response, a monopolistic exporter sets the fuel export price …
Persistent link: https://www.econbiz.de/10008699680
subject to business cycles, and the import pressure depends on the demand level and capacity constraints. A combination of …
Persistent link: https://www.econbiz.de/10009687241
In order to achieve the commonly agreed emission reduction target, the European Commission developed binding national targets for each member state until 2030 and called upon the member states to submit National Energy and Climate Plans to ensure increased transparency for the respective...
Persistent link: https://www.econbiz.de/10012520502
&D cooperation. This paper explores this idea by analysing on the one hand the incentives for EU, Japan and Russia to adopt this …
Persistent link: https://www.econbiz.de/10011409394
If global warming is to stay below 2°C, there are four risks of assets stranding. First, substantial fossil fuel reserves will be stranded at the end of the fossil era. Second, this will be true for exploration capital too. Third, unanticipated changes in present or expected future climate...
Persistent link: https://www.econbiz.de/10012039083
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...
Persistent link: https://www.econbiz.de/10003882562