Showing 1 - 10 of 936
This paper provides a primer on the economics of environmental innovation. Our intention is not to write a pure review … both emissions and of emissions abatement. We then analyze theoretically how innovation may affect marginal abatement costs …. We also cover the different modelling choices with respect to how the innovation process is represented mathematically …
Persistent link: https://www.econbiz.de/10013388770
externalities but also by innovation market failures. This paper maps the economics literature on innovation market failures and …
Persistent link: https://www.econbiz.de/10014337854
If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative … determinants of innovation in this sector to glean insights on how government may support the development and deployment of these … technologies. We argue that policies that were successful at supporting the first wave of renewables innovation may not be …
Persistent link: https://www.econbiz.de/10013537766
This paper examines the relationship between green innovation and the business cycle, revealing that while non …-green innovation is procyclical, green innovation is countercyclical. This pattern holds unconditionally over the business cycle and …-green innovation to explain their distinct cyclical behavior. The key mechanism operates through a 'green is in the future' channel …
Persistent link: https://www.econbiz.de/10015438266
We analyze a fundamental dilemma and time-inconsistency problem facing a climate coalition producing natural gas. In the short term, it is tempting to export more to outcompete coal. When this policy is anticipated, however, investments in renewables fall and emissions ultimately increase. When...
Persistent link: https://www.econbiz.de/10014635681
The central appeal of environmental markets - efficient allocation of emission reductions - has been difficult to establish empirically. We develop a framework linking the theoretical change in allocative efficiency following a market-based policy to a quasi-experimental estimator. We apply this...
Persistent link: https://www.econbiz.de/10015450865
Firm location decisions are a key managerial choice, usually optimized over factors like proximity to customers or suppliers. These decisions may also impose externalities on the environment, and on other firms due to competitive or agglomerative forces. The inherent endogeneity of location...
Persistent link: https://www.econbiz.de/10015398159
We use machine learning algorithms to construct a novel news-based index of US environmental and climate policy uncertainty (EnvPU) available on a monthly basis over the 1990-2019 period. We find that our EnvPU index spikes during the environmental spending disputes of the 1995-1996 government...
Persistent link: https://www.econbiz.de/10013362015
I study how policymakers can access and act on the information about climate change damages that is dispersed throughout the economy. I analyze a new dynamic deposit-refund instrument (called "carbon shares") that I show can: i) efficiently price emissions conditional on information, ii)...
Persistent link: https://www.econbiz.de/10013435097
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