Showing 1 - 10 of 1,757
This paper explains how, in the context of incomplete coordination among all countries, unilateral policies that might at first sight seem pro-green could actually turn out to harm the global environment. The free-riding motives and the difficulty of reaching an effective international...
Persistent link: https://www.econbiz.de/10010245993
Persistent link: https://www.econbiz.de/10011414709
We develop a two sector incomplete markets integrated assessment model to analyse the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...
Persistent link: https://www.econbiz.de/10013285512
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
ambitious objectives with the current policy framework will be challenging as it involves multiple and overlapping pricing …
Persistent link: https://www.econbiz.de/10012438370
characteristics have important implications for climate policy. We show in the context of our model that: (i) the optimal carbon tax … emissions yet lower temperatures; (iii) in a world with above-optimal cumulative emissions, only a complete set of instruments …
Persistent link: https://www.econbiz.de/10011853285
Denmark has a highly ambitious goal of reducing greenhouse gas emissions 70 percent below 1990 levels by 2030. While there is general agreement that carbon pricing should be the centerpiece of Denmark’s mitigation strategy, pricing needs to be effective, address equity and leakage concerns,...
Persistent link: https://www.econbiz.de/10012433898
. We find that an increase by one index point of the green technology support policy index leads to a significant reduction … point of the green R&D expenditure support policy index leads to a significant reduction of around 0.4% in CO2 emissions per … capita in the short run, and of around 1.7% in the long run. An increase by one index point of the wind energy support policy …
Persistent link: https://www.econbiz.de/10014514891
The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...
Persistent link: https://www.econbiz.de/10013472310
We propose a theory of climate-policy motivated foreign intervention to study different forms of international climate … governance in the presence of power imbalance. Foreign countries have at least three options to intervene in another country …'s domestic climate policy: i.) Agreements with Extraction; ii.) Agreements with Transfers; and iii.) Agreements with Sanctions …
Persistent link: https://www.econbiz.de/10013473902