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I investigate the cost and feasibility of reducing US GHG emissions by 80% from 2005 levels by 2050. The US has stated in its Paris COP 21 submission that this is its aspiration. I suggest that this goal can be reached at a cost in the range of $37 to $135 bn/year. I assume that the goal is to...
Persistent link: https://www.econbiz.de/10012456154
The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new … opportunity to move toward an international climate policy architecture that is capable of delivering broad international … climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases …
Persistent link: https://www.econbiz.de/10012460519
Greater use of renewable energy is seen as a key component of any move to combat climate change, and is being …
Persistent link: https://www.econbiz.de/10012463568
Generating electricity from renewable sources is more expensive than conventional approaches, but reduces pollution externalities. Analyzing the tradeoff is much more challenging than often presumed, because the value of electricity is extremely dependent on the time and location at which it is...
Persistent link: https://www.econbiz.de/10012460962
We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...
Persistent link: https://www.econbiz.de/10013435149
-owned utilities compared to municipal producers that are exempted from this climate policy. Contrary to stranded-asset concerns, the …
Persistent link: https://www.econbiz.de/10014447281
Flexibility in environmental regulations can lead to reduced costs if it allows additional abatement from lower cost sources or if policy tailoring and experimentation across states increases regulatory efficiency. The EPA's 2014 Clean Power Plan, which implements greenhouse gas regulation of...
Persistent link: https://www.econbiz.de/10012457408
Economists have tended to view cap and trade (or, more generally, emissions pricing) as more cost-effective than a clean energy standard (CES) for the purpose of reducing greenhouse gas emissions associated with electricity generation. This stems in part from the finding that, in terms of...
Persistent link: https://www.econbiz.de/10012458816
We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system … including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat … cooperation and various degrees of competition between regions. Our results suggest that when the elements of climate science …
Persistent link: https://www.econbiz.de/10012453241
In the absence of first-best climate policy, we demonstrate that existing government institutions and policy … established for reasons unrelated to climate change may induce climate adaptation. We examine the impact of temperature on ambient …. Furthermore, local beliefs about climate change appear to reinforce adap- tive behavior, suggesting a nontrivial role in second …
Persistent link: https://www.econbiz.de/10012533332