Showing 1 - 10 of 548
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
recently articulated so-called “net-zero” goals for reducing and ultimately eliminating their own greenhouse gas emissions. We … measurement of carbon footprints. Particular sources of variation arise from how “gross emissions” are determined and from firms …’ willingness to recognize carbon credits that offset their own emissions. …
Persistent link: https://www.econbiz.de/10012549037
emissions at small compliance costs for OECD countries rising some hopes that the U.S. might rejoin the Kyoto Protocol during … facilitate future commitments for an effective reduction of greenhouse gas emissions that must aim at the incorporation of the …
Persistent link: https://www.econbiz.de/10013428431
impact of mitigation and adaptation finance on national emissions of recipient countries. We test the derived hypothesis … using carbon emissions data of non-OECD countries in the last 20 years. We find that public adaptation and mitigation … finance tend to increase emissions. Private mitigation finance seems to reduce them only after five years following the …
Persistent link: https://www.econbiz.de/10012431927
extract more rapidly which increases present carbon dioxide emissions and accelerates global warming. Our results suggest that … future carbon taxes may even decrease present emissions if resource owners face increasing marginal extraction costs and if … less emissions in the present. …
Persistent link: https://www.econbiz.de/10010429908
The success of climate policies depends crucially on the dynamics of public support. Using unique longitudinal data from three surveys conducted between 2019 and 2022, we study the variations of public support for carbon pricing in Germany. The period includes two relevant events: the...
Persistent link: https://www.econbiz.de/10014296924
Persistent link: https://www.econbiz.de/10012487129
We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to … subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference …-in-differences design, we find that firms affected by the mandate reduced their emissions - depending on the specification - by an …
Persistent link: https://www.econbiz.de/10012267140
We study climate change in a model with a carbon-intensive and a green sector, each subject to stochastic productivity shocks, and show how the underlying economic structure affects the risk-adjusted discount rate and the climate risk premium in the social cost of carbon (SCC). Consumption...
Persistent link: https://www.econbiz.de/10014559075
While there is some hope that the ongoing climate change negotiations will soon come up with concrete, time scheduled and binding emission reduction commitments, the question of how to achieve these targets is still unsolved. The objective of this paper is to analyse alternative settings of an...
Persistent link: https://www.econbiz.de/10013428140