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The trade-off between intra- and intergenerational equity in climate policy

Kverndokk, Snorre; Nævdal, Eric; Nøstbakken, Linda - 2013

This paper focuses on two equity dimensions of climate policy, intra- and intergenerational equity, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which...

Persistent link: https://www.econbiz.de/10009754514

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

Unveiling the energy price tag : assessing the degree of regressivity of household energy expenditures among European countries

Ackermann, Ivan; Radulescu, Doina - 2024

of research on energy expenditure in-equality in advanced economies by quantifying the regressivity of energy … energy expenditures across all countries and time periods, with significant variability in the degree and regressivity … not necessarily align with those exhibiting the most pronounced regressivity. Tailored policy instruments are essential …

Persistent link: https://www.econbiz.de/10015075048

Recent findings and methodologies in economics research in environmental justice

Cain, Lucas; Hernandez-Cortes, Danae; Timmins, Christopher - 2023

This review synthesizes economics-oriented research in environmental justice with a focus on the last decade. We first categorize this literature into broad areas of inquiry and review main findings. Then, we review recent advances in data and methodologies that have allowed for new study...

Persistent link: https://www.econbiz.de/10013549188

The social cost of carbon with intragenerational inequality under economic uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022

A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...

Persistent link: https://www.econbiz.de/10013206181

Improving public good supply and income equality : facing a trade-off

Buchholz, Wolfgang; Rübbelke, Dirk T. G. - 2020

It is explored in this paper how – depending on the agents' preferences – an unequal income distribution may lead to a higher public good supply in a non-cooperative Nash equilibrium than in a cooperative Lindahl equilibrium that arises from a balanced income distribution. The degree of...

Persistent link: https://www.econbiz.de/10012390943

Sacrifice, discounting and climate policy : five questions

Karp, Larry S. - 2009

I offer a selective review of discounting and climate policy. Analytic and numerical models show that different assumptions greatly change the degree to which decisions about climate policy depend on the discount rate. I discuss a claim that standard models exaggerate the current generation's...

Persistent link: https://www.econbiz.de/10003872837

Provision of a public good with altruistic overlapping generations and many tribes

Karp, Larry S. - 2012

Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...

Persistent link: https://www.econbiz.de/10009571754

Trading off generations : infinitely lived agent versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2012

The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...

Persistent link: https://www.econbiz.de/10009500748

Pareto improving climate policies : distributing the benefits across generations and regions

Hoel, Michael; Kittelsen, Sverre A. C.; Kverndokk, Snorre - 2015

Most studies show that the present generation has to take the burden and reduce consumption to mitigate future climate change. However, significant climate change is due to a market failure, and corrections of market failures give possibilities of Pareto improvements. In this paper, we study the...

Persistent link: https://www.econbiz.de/10011309590

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