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An exhaustive comparative statics analysis of a model of a monopolistic firm facing price-cap regulation and a variety of commonly implemented command-and-control environmental regulations is carried out. The comparative statics are intrinsic to each of the models and thus form their basic,...
Persistent link: https://www.econbiz.de/10011115895
In 2010, the U.S. Environmental Protection Agency announced a waiver allowing an increase in the fuel–ethanol blend limit (the “blend wall”) from 10% (E10) to 15% (E15). Justifications for the waiver are reduced vehicle-fuel prices and less consumption of petroleum gasoline, leading to...
Persistent link: https://www.econbiz.de/10011100119
This study analyses the sectoral and macroeconomic impact of carbon taxes on the Russian economy, one of the world's most energy- and carbon-intensive economies, while assessing the hypothesis of a double dividend. Substituting carbon taxes for labour taxes can reduce GHG emissions and enhance...
Persistent link: https://www.econbiz.de/10011039515
In this paper we model the adjustment process of European Union Allowance (EUA) prices to the releases of announcements at high-frequency controlling for intraday periodicity, volatility clustering and volatility persistence. We find that the high-frequency EUA price dynamics are very well...
Persistent link: https://www.econbiz.de/10011039526
In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices, macroeconomic risk factors and weather conditions. By estimating a Markov regime-switching model, we find that the relation between the EUA price and its fundamentals varies over...
Persistent link: https://www.econbiz.de/10011039535
induced by carbon taxation. Four global tax scenarios are examined using the integrated assessment model WITCH. Taxes are … energy-related R&D increase in all tax scenarios, but they are a small fraction of GDP. Investments in oil upstream decline … in all scenarios. As a result, total investments decline with respect to the Reference scenario. Carbon tax revenues are …
Persistent link: https://www.econbiz.de/10011039577
Environmental assessment recently becomes a major policy issue all over the world. This study discusses how to use Data Environment Analysis (DEA) for environmental assessment for planning corporate strategy and international competitiveness. An important feature of DEA environmental assessment...
Persistent link: https://www.econbiz.de/10011039596
We examine the long-run relation and short-run dynamics between energy consumption and output in a panel of 14 oil-exporting countries over 1980–2007. Panel unit root tests, which account for common cross-sectional factors, fail to reject non-stationarity in both variables. Thus, we explore...
Persistent link: https://www.econbiz.de/10011039608
We explore the implications of potentially counteractive greenhouse gas mitigation responses to carbon prices and the complications that could ensue for limiting radiative forcing in the near-term. Specifically we consider the problem of reproducing the radiative forcing pathway for...
Persistent link: https://www.econbiz.de/10011039640
Increasing use of renewable sources has a vital importance in mitigating increasing energy demand and global warming. The limited reserves and negative environmental impacts associated with fossil fuel consumption make the renewable energy sources considerable alternatives in case environmental...
Persistent link: https://www.econbiz.de/10011039676