Showing 1 - 10 of 63
This paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 … global climate policy regime. As an addition to the bargaining set for a global climate negotiation, trade in principle … global climate regime. The reverse is also true, that in a linked climate-trade-finance global policy coordination structure …
Persistent link: https://www.econbiz.de/10013119608
climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures …
Persistent link: https://www.econbiz.de/10012751447
Climate change effects on agricultural yields will be uneven over the world with a few countries, mostly in high … international trade in attenuating the effects of climate change by allowing the expression of the new climate-induced pattern of … comparative advantages. To do this, we develop a quantitative general equilibrium trade model where the representation of acreage …
Persistent link: https://www.econbiz.de/10012908471
dataset covering the whole world at 10-year frequency during the period 1970-2000. We find that rising temperatures reduce …
Persistent link: https://www.econbiz.de/10012889051
The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies have grown, the carrying-capacity of the planet -- in regard to natural...
Persistent link: https://www.econbiz.de/10013137614
consumption, and the total dollar costs of completely insuring against temperature variation are 2.46% of world GDP. If we allow … world GDP. We show that the same features, long-run risks and recursive-preferences, that account for the risk-free rate and …
Persistent link: https://www.econbiz.de/10013118836
: carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions …
Persistent link: https://www.econbiz.de/10013118839
A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its...
Persistent link: https://www.econbiz.de/10013119046
subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use … gains from CAT and the RFS with Congressional voting on the Waxman-Markey cap & trade bill, H.R. 2454. Because Waxman …
Persistent link: https://www.econbiz.de/10013120318
There is great uncertainty about the impact of anthropogenic carbon on future economic wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus, which incorporates beliefs about the uncertain economic impact of possible climate tipping events and uses empirically...
Persistent link: https://www.econbiz.de/10013088403