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The response of green energy and technology investment to climate policy uncertainty : an application of twin transitions strategy
Husain, Shaiara; Kazi Sohag; Wu, Yanrui - 2022
Persistent link: https://www.econbiz.de/10013540557
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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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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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Climate Minsky Moments and endogenous financial crises
Kaldorf, Matthias; Rottner, Matthias - 2024
Does a shift to ambitious climate policy increase financial fragility? In this paper, we develop a quantitative macroeconomic model with carbon taxes and endogenous financial crises to study such "Climate Minsky Moments". By reducing asset returns, an accelerated transition to net zero exerts...
Persistent link: https://www.econbiz.de/10014632326
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Climate politics from Kyoto to Bonn : from little to nothing?!?
Böhringer, Christoph - 2001
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....
Persistent link: https://www.econbiz.de/10013428431
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Economic analysis of greenhouse policy : a layperson's guide to the perils of economic modelling
Hamilton, Clive; Quiggin, John C. - 1997
Persistent link: https://www.econbiz.de/10000983399
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Corporate carbon reduction pledges : an effective tool to mitigate climate change?
Comello, Stephen; Reichelstein, Julia; Reichelstein, Stefan - 2021
In the intensifying public debate about limiting the harmful effects of climate change, many global corporations have recently articulated so-called “net-zero” goals for reducing and ultimately eliminating their own greenhouse gas emissions. We first examine the details ofthe carbon...
Persistent link: https://www.econbiz.de/10012549037
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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
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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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International attitudes toward global policies
Fabre, Adrien; Douenne, Thomas; Mattauch, Linus - 2023
We document majority support for policies entailing global redistribution and climate mitigation. Recent surveys on 40,680 respondents in 20 countries covering 72% of global carbon emissions show strong support for an effective and progressive way to combat climate change and poverty: a global...
Persistent link: https://www.econbiz.de/10014296930