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GHG Targets as Insurance Against Catastrophic Climate Damages
Weitzman, Martin L. - 2010
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/10012462520
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Output and Attribute-Based Carbon Regulation Under Uncertainty
Kellogg, Ryan - 2019
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/10012480118
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Do Environmental Markets Cause Environmental Injustice? Evidence from California’s Carbon Market
Hernandez-Cortes, Danae - 2020
growing distributional concern that market forces could increase the pollution exposure gap between disadvantaged and other … communities by spatially reallocating pollution. We estimate how this "environmental justice gap" changed following the 2013 … critiques. Embedding a pollution transport model within a program evaluation framework, we find that while the EJ gap was …
Persistent link: https://www.econbiz.de/10012481788
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Greenhouse Gas Reductions under Low Carbon Fuel Standards?
Holland, Stephen P. - 2007
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/10012465385
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Pollution Havens and Foreign Direct Investment : Dirty Secret or Popular Myth?
Smarzynska, Beata K. - 2001
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/10012470253
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Optimal Emission Pricing in the Presence of International Spillovers : Decomposing Leakage and Terms-of-Trade Motives
Böhringer, Christoph - 2010
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/10012462752
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Endogenizing Technological Change : Matching Empirical Evidence to Modeling Needs
Pizer, William A. - 2007
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/10012465601
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Why is Pollution from U.S. Manufacturing Declining? The Roles of Environmental Regulation, Productivity, and Trade
Shapiro, Joseph S. - 2015
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/10012457787
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The Effects of Environmental Policy on the Performance of Environmental RIVs
Katsoulacos, Yannis - 1999
pollution are low. In this case RJVs fully share information and internalize the associated externality. However when the level …
Persistent link: https://www.econbiz.de/10012471483
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Trade and Environment Beyond Singapore
Whalley, John - 1996
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this issue looks likely to be slow and painfully...
Persistent link: https://www.econbiz.de/10012473066