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Carbon capture : storage vs. utilization
Moreaux, Michel; Amigues, Jean-Pierre; Meijden, Gerard … - 2022
Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement. Captured CO2 emissions can also be injected in active fields to enhance recovery: Carbon capture and utilization (CCU). We study a dynamic model of CCS and CCU of an economy...
Persistent link: https://www.econbiz.de/10013274262
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Dynamic determinants of optimal global climate policy
Grubb, Michael; Lange, Rutger-Jan; Cerkez, Nicolas; … - 2023 - Revision: September 2023
We explore how optimal emission abatement trajectories are affected by dynamic characteristics of greenhouse-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable model with stylized damage assumptions to derive the...
Persistent link: https://www.econbiz.de/10014369562
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On current and future carbon prices in a risky world
Olijslagers, Stan; Ploeg, Frederick van der; … - 2021
the risk-adjusted interest rate. Adding damages leads to a higher carbon price that grows more slowly. But as temperature …
Persistent link: https://www.econbiz.de/10012545087
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Discounting the future : on climate change, ambiguity aversion and Epstein-Zin preferences
Olijslagers, Stan; Wijnbergen, Sweder van - 2019
analyze the effect of risk aversion, ambiguity aversion and the elasticity of intertemporal substitution on the willingness to … pay to avoid climate change risk. The first part of the paper analyzes a general disaster (jump) risk model with a … constant arrival rate of disasters. This provides useful intuition in how preferences influence valuation of long-term risk …
Persistent link: https://www.econbiz.de/10012024032
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The social cost of carbon under climate volatility risk
Lin, Xu; Wijnbergen, Sweder van - 2023
future climate risk regimes where weather extremes are becoming more frequent and intense. Using a stochastic dynamic …
Persistent link: https://www.econbiz.de/10014290496
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Global and regional impacts of the clean development mechanism
Wang, Shunli; Groot, Henri L. F. de; Nijkamp, Peter; … - 2009
Climate change is a serious concern worldwide. Policy research on climate change in the past decades has largely focused on applied modelling exercises. However, the implications of specific policy strategies such as the clean development mechanism (CDM) for global and regional economic and...
Persistent link: https://www.econbiz.de/10011378304
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Adaptation for mitigation
Ikefuji, Masako; Magnus, Jan R.; Sakamoto, Hiroaki - 2014
This paper develops a dynamic model consisting of two regions (North and South), in which the accumulation of human capital is negatively influenced by the global stock of pollution. By characterizing the equilibrium strategy of each region, we show that the regions' best responses can be...
Persistent link: https://www.econbiz.de/10010408468
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The pricing of climate transition risk in Europe's equity market
Loyson, Philippe; Luijendijk, Rianne; Wijnbergen, Sweder van - 2023
We assess whether climate transition risk is priced in Europe's equity market by analysing relative equity returns of … effect models, however, provide some evidence for increased pricing of climate transition risk after the Paris Agreement. …
Persistent link: https://www.econbiz.de/10014317319
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Limit pricing, climate policies, and imperfect substitution
Meijden, Gerard van der; Withagen, Cees - 2016
The effects of climate policies are often studied under the assumption of perfectly competitive markets for fossil fuels. In this paper, we allow for monopolistic fossil fuel supply. We show that, if fossil and renewable energy sources are perfect substitutes, a phase will exist during which the...
Persistent link: https://www.econbiz.de/10011556203
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OPEC, unconventional oil and climate change - on the importance of the order of extraction
Benchekroun, Hassan; Meijden, Gerard van der; Withagen, Cees - 2020
We show that OPEC's market power contributes to climate change by enabling producers of relatively expensive and dirty oil to start producing before OPEC reserves are depleted. We examine the importance of this extraction sequence effect by calibrating and simulating a cartel-fringe model of the...
Persistent link: https://www.econbiz.de/10012149825