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We investigate how the U.S. withdrawal and the amendments of the Bonn climate policy conference in 2001 will change the economic and environmental impacts of the Kyoto Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that U.S....
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We develop a two sector incomplete markets integrated assessment model to analyze 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/10013281474
International cooperation on the reduction of greenhouse gas emissions, disarmament, or free trade needs to be negotiated. The success of such negotiations depends on how they are designed. In the context of international climate change policy, it has been proposed [e.g., Weitzman J of the...
Persistent link: https://www.econbiz.de/10012500234
uses a dynamic multi-region computable general equilibrium model of the world economy to assess the economics of …
Persistent link: https://www.econbiz.de/10013428210
Klimaschutz stellt aus Sicht der ökonomischen Theorie ein rein öffentliches Gut dar. Internationale Kooperation zum …. Dennoch scheint man in der Realität internationale Umweltabkommen beobachten zu können, die über das nicht … Zahlungsbereitschaft der Wähler für effektiven Klimaschutz gegenüber, wie Ergebnisse von Wählerbefragungen nahe legen. Ökonomen …
Persistent link: https://www.econbiz.de/10013428386
In this paper, we investigate whether an environmental tax reform 'cum' joint implementation (JI) provides employment and overall efficiency gains as compared to an environmental tax reform 'stand-alone' (ETR). We address this question in the framework of a large-scale general equilibrium model...
Persistent link: https://www.econbiz.de/10013428363
In the framework of the Paris Agreement implementation, financial transfers remain a major point of negotiation for addressing equity concerns raised by the ambitious climate objectives. In complement to the theoretical, experimental and numerical studies that have examined the role of transfers...
Persistent link: https://www.econbiz.de/10012431927
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best interest of governments who are guided by strategic considerations in negotiations. We...
Persistent link: https://www.econbiz.de/10012215277