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We propose and implement a method to identify shocks to transition risk, addressing key challenges regarding its definition and measurement. Our shocks are instances where significant new information about the economic relevance of climate change increases the valuation of green firms over brown...
Persistent link: https://www.econbiz.de/10014227599
We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low-carbon energy and a fossil energy sector contribute to production and are financed by balance-sheet constrained intermediaries. The underestimation of emissions from fossil energy firms...
Persistent link: https://www.econbiz.de/10014467912
Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view, focusing on economies where society values the well-being of future generations more than private actors. Employing analytical and...
Persistent link: https://www.econbiz.de/10012596760
In this paper we investigate how restrictions for emission trading to the energy-intensive power sector will affect the magnitude and distribution of abatement costs across EU countries vis-à-vis a comprehensive EU emission trading regime. We find that emission trading between European power...
Persistent link: https://www.econbiz.de/10013428360
This paper investigates the implications of U.S. withdrawal on environmental effectiveness, economic efficiency, and the distribution of compliance costs taking into account market power of the Former Soviet Union (FSU) on emission permit markets. While exercise of market power on behalf of FSU...
Persistent link: https://www.econbiz.de/10013428450
While carbon taxes are generally seen as a rational policy response to climate change, knowledge about their performance from an expost perspective is still limited. This paper analyzes the emissions and cost impacts of the UK CPS, a carbon tax levied on all fossil-fired power plants. To...
Persistent link: https://www.econbiz.de/10012507887
Based on a state policy perspective, this paper seeks to present the path of Brazil’s participation in United Nations (UN) peace operations, from its genesis in 1947 to the present day, with the intent to comprehend whether there is a progressive and evolutionary pattern in these engagement...
Persistent link: https://www.econbiz.de/10012486181
Ausgestaltung der Energiewende und wirken gleichzeitig auf diese zurück. Darüber hinaus stehen die Gemeinwohlkonflikte in der … Energiewende in einem wechselseitigen Wirkungsverhältnis mit der politischen Kultur einer Gesellschaft. Sie sind Effekt und … Gemeinwohlkonflikte in der Energiewende leisten. Erstens wird ein Überblick über die empirische Forschung zu Gemeinwohlkonflikten in der …
Persistent link: https://www.econbiz.de/10012232112
Persistent link: https://www.econbiz.de/10014281005
Am 21. April 2023 wurde das Gesetz zum Neustart der Digitalisierung der Energiewende (GNDEW), eingebracht von den … Vorhaben des grünen Koalitionspartners zur Förderung und Beschleunigung der Energiewende, wenn auch dieses weitaus weniger …
Persistent link: https://www.econbiz.de/10014414193