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A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...
Persistent link: https://www.econbiz.de/10013141847
concern that market-induced spatial reallocation of pollution could widen existing pollution concentration gaps between … of California's carbon market, the world's second largest and most subjected to EJ critiques. Embedding a pollution … returned these EJ gaps back to 2008 levels. We demonstrate that explicit modeling of pollution dispersal is critical for …
Persistent link: https://www.econbiz.de/10013322900
Output-based carbon regulations—such as fuel economy standards and the rate-based standards in the Clean Power Plan—create well-known incentives to inefficiently increase output. Similar distortions are created by attribute-based regulations. This paper demonstrates that, despite these...
Persistent link: https://www.econbiz.de/10013309637
A low carbon fuel standard (LCFS) seeks to reduce greenhouse gas emissions by limiting a fuel producer's carbon emissions per unit of output. California has launched an LCFS for transportation fuels; others have called for a national LCFS. We show that this policy decreases production of...
Persistent link: https://www.econbiz.de/10012753878
The 'pollution haven' hypothesis refers to the possibility that multinational firms, particularly those engaged in … the effect at the firm level. In addition, environmental standard of the host countries and pollution intensity of the … transition economies. With these improvements, we find some support for the 'pollution haven' hypothesis, but the overall …
Persistent link: https://www.econbiz.de/10013246646
Given that technologies to significantly reduce fossil fuel emissions are currently unavailable or only available at high cost, technological change will be a key component of any long-term strategy to reduce greenhouse gas emissions. In light of this, the amount of research on the pace,...
Persistent link: https://www.econbiz.de/10012755385
Between 1990 and 2008, air pollution emissions from U.S. manufacturing fell by 60 percent despite a substantial … suggest that the implicit pollution tax that manufacturers face doubled between 1990 and 2008. These changes in environmental …
Persistent link: https://www.econbiz.de/10013029557
Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensive industries. While leakage provides a efficiency argument for differential emission pricing, the latter may be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...
Persistent link: https://www.econbiz.de/10013144964
In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...
Persistent link: https://www.econbiz.de/10013050157
the country level with data on pollution intensity at the industry level to show that countries with laxer environmental …. We propose an instrument for environmental regulation based on meteorological determinants of pollution dispersion identi …...ed by the atmospheric pollution literature. We find that the effect of environmental regulation on the pattern of trade is …
Persistent link: https://www.econbiz.de/10013101512