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De-fueling externalities : causal effects of fuel taxation and mediating mechanisms for delivering climate and health benefits
Basaglia, Pier; Behr, Sophie M.; Drupp, Moritz A. - 2023 - This version: July 2023
reductions in external damages are health benefits, highlighting the importance of accounting for co-pollution impacts of carbon …
Persistent link: https://www.econbiz.de/10014295072
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Optimal stabilization in an emission permits market
Gerlagh, Reyer; Wan, Roweno J.R.K - 2018
We develop a 2-period emission trading model for a stock pollutant with demand shocks resolving over time. We find precise conditions for efficiency of a stabilization mechanism where cumulative available permits decrease with excess supply in early periods. Our model describes the stabilization...
Persistent link: https://www.econbiz.de/10011810102
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Regulating stock externalities
Gerlagh, Reyer; Heijmans, Roweno - 2018
We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...
Persistent link: https://www.econbiz.de/10011939765
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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
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Smart cap
Karp, Larry S.; Traeger, Christian - 2021
We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
Persistent link: https://www.econbiz.de/10012438358
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Effects of carbon pricing and other climate policies on CO2 emissions
Kohlscheen, Emanuel; Moessner, Richhild; Takáts, Előd - 2021
We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...
Persistent link: https://www.econbiz.de/10012643539
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Does climate change make foodgrain yields more unpredictable : evidence from India
Verma, Saumya; Gupta, Shreekant; Sen, Partha - 2020
How would climate change affect India’s agriculture which accounts for sixty percent of employment? We study the impact … of climate change on the level and variability of yields of rice (India’s major food crop) and two key millet crops … (sorghum and pearl millet), using an all India district level panel dataset from 1966-2011. A stochastic production function is …
Persistent link: https://www.econbiz.de/10012177019
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Public policies and long-run growth in a model with environmental degradation
Bonatti, Luigi; Lorenzetti, Lorenza Alexandra - 2022
We study how public policies affects an economy where production emits pollutants and investment in productive assets raises the economy’s overall productivity. We explore two hypotheses about how the accumulation of pollutants affects human well-being. Under the first one, there is no limit...
Persistent link: https://www.econbiz.de/10012803772
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Can a growing world be fed when the climate is changing?
Dietz, Simon; Lanz, Bruno - 2019 - This version: November 2019
We study the capacity to meet food demand under conditions of climate change, economic and population growth. We take a novel approach to quantifying climate impacts, based on a model of the global economy structurally estimated on the period 1960 to 2015. The model integrates several features...
Persistent link: https://www.econbiz.de/10012138747
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Achieving sustainable energy security : 2030 outlook for ASEAN, People Republic of China and India
Fan, Ying; Bhattacharyay, Biswanath - 2015
The rapid growth of ASEAN economies, the People's Republic of China and India (called ACI henceforth) - major drivers …
Persistent link: https://www.econbiz.de/10011300352