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The green Paradox and Learning-by-Doing in the renewable energy sector
Nachtigall, Daniel; Rübbelke, Dirk T. G. - 2014
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010429908
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Climate change mitigation : how effective is green quantitative easing?
Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022
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
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Structural change and the climate risk premium during the green transition
Zhou, Sophie Lian; Ploeg, Frederick van der - 2024
shocks, and show how the underlying economic structure affects the risk-adjusted discount rate and the climate risk premium … transition. The time path of the climate risk premium is hump-shaped, with the climate beta playing a dominant role in its … can temporarily reduce aggregate consumption risk, as the climate beta becomes negative in the mid phase of the transition …
Persistent link: https://www.econbiz.de/10014559075
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Capital reallocation under climate policy uncertainty
Khalil, Makram; Strobel, Felix - 2023
In a structural dynamic model that incorporates two broad production sectors with different carbon emissions, we find that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to the low carbon-emitting sector, and (ii) reduce real...
Persistent link: https://www.econbiz.de/10014330990
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The demand for voluntary carbon sequestration : experimental evidence from a reforestation project in Germany
Bartels, Lara; Kesternich, Martin; Löschel, Andreas - 2021
With the increasing recognition of the use of reforestation measures as a complement to conventional carbon emissions avoidance technologies it is important to understand the market valuation of local forest carbon sinks for climate change mitigation. We conducted a framed-field experiment among...
Persistent link: https://www.econbiz.de/10012671884
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The political economy of negotiating international carbon markets
Arvaniti, Maria; Habla, Wolfgang - 2020 - This version: April 2020
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
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Cost-efficient pathways to decarbonizing Portland cement production
Glenk, Gunther; Kelnhofer, Anton; Meier, Rebecca; … - 2023
Accounting for nearly 8% of global annual carbon dioxide (CO2) emissions, the cement industry is considered difficult to decarbonize. While a sizeable number of abatement levers for Portland cement production are technologically ready for deployment, many are still viewed as prohibitively...
Persistent link: https://www.econbiz.de/10014311753
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Why local governments set climate targets : effects of city size and political costs
Eisenack, Klaus - 2023
Cities increasingly address climate change, e.g. by pledging city-level emission reduction targets. This is puzzling for the provision of a global public good: what are city governments' reasons for doing so, and do pledges actually translate into emission reductions? Empirical studies have...
Persistent link: https://www.econbiz.de/10014439428
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Effectiveness and heterogeneous effects of purchase grants for electric vehicles
Haan, Peter; Santonja, Adrián; Zaklan, Aleksandar - 2023
We evaluate German purchase subsidies for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) using data on new vehicle registrations in Germany during 2015-2022. We account for confounding time trends and interacting EU-level CO2 standards using neighboring countries...
Persistent link: https://www.econbiz.de/10014227603
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Climate finance and emission reductions : what do the last twenty years tell us?
Gavard, Claire; Schoch, Niklas - 2021 - This version: 29 January 2021
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