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Carbon taxes and stranded assets : evidence from Washington State

Carattini, Stefano; Sen, Suphi - 2019

-intensive stocks. Our results reinforce concerns about "stranded assets" and the risk of financial contagion. Our policy implications …

Persistent link: https://www.econbiz.de/10012050954

Carbon taxes and tariffs, financial frictions, and international spillovers

Carattini, Stefano; Kim, Giseong; Melkadze, Givi; … - 2023

Ambitious climate policy, coupled with financial frictions, has the potential to create macrofinancial stability risk …. Such stability risk may expand beyond the economy implementing climate policy, potentially catching other countries off … policies and to guide the implementation of macroprudential policies at the global scale aimed at minimizing transition risk …

Persistent link: https://www.econbiz.de/10014444903

What does network analysis teach us about international environmental cooperation?

Carattini, Stefano; Fankhauser, Samuel; Gao, Jianjian; … - 2021

Over the past 70 years, the number of international environmental agreements (IEAs) has increased substantially, highlighting their prominent role in environmental governance. This paper applies the toolkit of network analysis to identify the network properties of international environmental...

Persistent link: https://www.econbiz.de/10012547019

Municipal building codes and the adoption of solar photovoltaics

Carattini, Stefano; Figge, Béla; Gordan, Alexander; … - 2022

Conflicting societal goals can lead to national and local policies that are at odds with each other. National policies promoting the adoption of solar photovoltaics may be counteracted by local policies defining the aesthetics of the built environment. As solar photovoltaic energy approaches...

Persistent link: https://www.econbiz.de/10013413522

Nudging when the descriptive norm is low : evidence from a carbon offsetting field experiment

Carattini, Stefano; Blasch, Julia - 2020

Nudges and behavioral interventions have become a popular tool to stimulate prosocial behavior. Little is known, however, on how to design effective social interventions in contexts in which the descriptive norm is low, i.e. when a desirable behavior is only practiced by a minority within the...

Persistent link: https://www.econbiz.de/10012270407

Trust, temperature fluctuations, and asylum applications

Carattini, Stefano; Veronesi, Marcella - 2020

communities invest in risk sharing through migration and enjoy reliable networks supporting migrants. Hence, it is an empirical …

Persistent link: https://www.econbiz.de/10012270546

Managing momentum in climate negotiations

Carattini, Stefano; Löschel, Andreas - 2020

The Conference of the Parties (COP) has proven a valuable outlet to advance the climate agenda. The combination of high media coverage, extremely high expectations set by influential environmentalists, and unanimity rules has, however, started to limit its effectiveness. Technical issues can...

Persistent link: https://www.econbiz.de/10012318579

For want of a chair : teaching price formation using a cap and trade game

Carattini, Stefano; Fenichel, Eli P.; Gordan, Alexander; … - 2019

The tradable or transferable permit system, "cap and trade", is one of the most innovative policy options developed by environmental economists. Over the last 40 years, cap and trade programs have been used around the globe by some of the world’s biggest economies. By placing a cap on a bad,...

Persistent link: https://www.econbiz.de/10011992341