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Designing instrument packages for the low-carbon transition : an evaluation framework with an application to Austria

Van der Werf, Edwin; Vollebergh, Herman R. J.; Vogel, … - 2021

Limiting global warming to no more than 2°C requires global large-scale deployment of low-carbon and negative emissions technologies. This requires the development of new eco-innovations and the diffusion of new and existing ones. Existing portfolios of environmental and technology policy...

Persistent link: https://www.econbiz.de/10012597829

Effects of carbon pricing and other climate policies on CO2 emissions

Kohlscheen, Emanuel; Moessner, Richhild; Takáts, Előd - 2021

regressions, controlling for macroeconomic factors such as economic development, GDP growth, urbanisation, as well as the energy …

Persistent link: https://www.econbiz.de/10012643539

Capturing key energy and emission trends in CGE models : assessment of status and remaining challenges

Fæhn, Taran; Bachner, Gabriel; Beach, Robert; Chateau, Jean - 2020

applied modules they use for representing sectoral energy and emission characteristics and dynamics. The purpose is to provide … technical insight into recent advances in the modelling of current and future energy and abatement technologies and how they can … be used to make baseline projections and scenarios 20-80 years ahead. In order to represent likely energy system …

Persistent link: https://www.econbiz.de/10012157959

Policies and instruments for self-enforcing treaties

Harstad, Bård; Lancia, Francesco; Russo, Alessia - 2020

We characterize the optimal policy and policy instruments for self-enforcing treaties when countries invest in green technology before they pollute. If the discount factor is too small to support the ﬁrst best, then both emissions and investments will be larger than in the ﬁrst best, when...

Persistent link: https://www.econbiz.de/10012257828

Prices versus quantities reassessed

Karp, Larry S.; Traeger, Christian - 2018

"Prices versus quantities" (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper's criterion for ranking policies suggests that technological uncertainty favors taxes over cap and trade....

Persistent link: https://www.econbiz.de/10011927948

Compliance technology and self-enforcing agreements

Harstad, Bård; Lancia, Francesco; Russo, Alessia - 2015

We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...

Persistent link: https://www.econbiz.de/10011350155

Asset pricing and the carbon beta of externalities

Edenhofer, Ottmar; Lessmann, Kai; Tahri, Ibrahim - 2021

Climate policy needs to set incentives for actors who face imperfect, distorted markets and large uncertainties about the costs and benefits of abatement. Investors price uncertain assets according to their expected return and risk (carbon beta). We study carbon pricing and financial incentives...

Persistent link: https://www.econbiz.de/10012607579

Energy efficiency and directed technical change : implications for climate change mitigation

Casey, Gregory - 2022

interventions on ﬁnal-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by … directed technical change. Energy supply is subject to increasing extraction costs. The model is consistent with aggregate … evidence on energy use, eﬃciency, and prices in the United States, as well as the standard balanced growth facts. I use the …

Persistent link: https://www.econbiz.de/10012817938

Can a growing world be fed when the climate is changing?

Dietz, Simon; Lanz, Bruno - 2019 - This version: November 2019

sector, endogenous fertility, directed technical change and fossil/renewable energy. We estimate the world economy is more …

Persistent link: https://www.econbiz.de/10012138747

Optimal energy taxation in cities

Borck, Rainald; Brueckner, Jan K. - 2016

This paper presents the first investigation of the effects of optimal energy taxation in an urban spatial setting …

Persistent link: https://www.econbiz.de/10011415931

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