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Ploeg, Frederick van der; Withagen, Cees - 2010

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

The risk of policy tipping and stranded carbon assets

Ploeg, Frederick van der; Rezai, Armon - 2019 - Revised July 2019

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

Robustness of a simple rule for the social cost of carbon

Rezai, Armon; Ploeg, Frederick van der - 2014

The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logarithmic, production is Cobb-Douglas, depreciation in 100% every period, climate damages as fraction of production decline exponentially with the stock of atmospheric carbon, and fossil fuel...

Persistent link: https://www.econbiz.de/10010257341

International capital markets, oil producers and the green paradox

Meijden, Gerard C. van der; Ploeg, Frederick van der; … - 2014

A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two-period world with identical homothetic preferences...

Persistent link: https://www.econbiz.de/10010412300

Exports and capacity constraints : evidence for several euro area countries

Belke, Ansgar; Oeking, Anne; Setzer, Ralph - 2015

model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export … developments are relevant for short-run export dynamics particularly during more extreme stages of the business cycle. A …

Persistent link: https://www.econbiz.de/10011300368

Export hysteresis, capacity constraints and uncertainty : a smooth-transition analysis for euro area member countries

Belke, Ansgar; Wagemester, Jan - 2017

export market and vice versa takes place in a smooth manner. Areas of weak reaction of exports to changes in domestic demand … constraints as additional variables for export equations. We apply the exponential and logistic variant of a smooth transition … regression model and find that domestic demand developments and uncertainty are relevant for short-run export dynamics …

Persistent link: https://www.econbiz.de/10011718600

Green serves the dirtiest : on the interaction between Black and Green Quotas

Böhringer, Christoph; Rosendahl, Knut Einar - 2009

Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and...

Persistent link: https://www.econbiz.de/10003897546

Too little oil, too much coal : optimal carbon tax and when to phase in oil, coal and renewables

Ploeg, Frederick van der; Withagen, Cees - 2011

Our main message is that it is optimal to use less coal and more oil once one takes account of coal being a backstop which emits much more CO2 than oil. The way of achieving this is to have a steeply rising carbon tax during the initial oil-only phase, a less-steeply rising carbon tax during the...

Persistent link: https://www.econbiz.de/10009240891

Second-best renewable subsidies to de-carbonize the economy : commitment and the green paradox

Rezai, Armon; Ploeg, Frederick van der - 2016 - Revised January 2016

Climate change must deal with two market failures: global warming and learning by doing in renewable use. The first-best policy consists of an aggressive renewables subsidy in the near term and a gradually rising and falling carbon tax. Given that global carbon taxes remain elusive, policy...

Persistent link: https://www.econbiz.de/10011417667

The impacts of feed-in tariffs on innovation : empirical evidence from Germany

Böhringer, Christoph; Cuntz, Alexander; Harhoff, Dietmar; … - 2014

Feed-in tariffs under the Renewable Energy Sources Act, the so-called Erneuerbare-Energien-Gesetz (EEG), have triggered a massive expansion of electricity from renewable energy sources in Germany over the last decade. The increase in non-competitive renewable power generation though went hand in...

Persistent link: https://www.econbiz.de/10010252146