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Should we be worried about the green paradox? Announcement effects of the acid rain program

Di Maria, Corrado; Lange, Ian; van der Werf, Edwin - 2012

This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case...

Persistent link: https://www.econbiz.de/10010294275

Absolute abundance and relative scarcity: Announced policy, resource extraction, and carbon emissions

Di Maria, Corrado; Smulders, Sjak; van der Werf, Edwin - 2008

We study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy...

Persistent link: https://www.econbiz.de/10010279430

Climate Policy and the Optimal Extraction of High- and Low-Carbon Fossil Fuels

van der Werf, Edwin; Smulders, Sjak - 2007

We study how restricting CO2 emissions affects resource prices and depletion over time. We use a Hotelling-style model with two non-renewable fossil fuels that differ in their carbon content (e.g. coal and natural gas) and in addition are imperfect substitutes in final good production. We show...

Persistent link: https://www.econbiz.de/10010312281

Fossil fuel extraction and climate policy: A review of the green paradox with endogenous resource exploration

Österle, Ines - 2012

Policies aimed at reducing emissions from fossil fuels may increase climate damages. This Green Paradox emerges if resource owners increase near-term extraction in fear of stricter future policy measures. Hans-Werner Sinn (2008) showed that the paradox occurs when increasing resource taxes are...

Persistent link: https://www.econbiz.de/10010282990

A numerical analysis of optimal extraction and trade of oil under climate policy

Massetti, Emanuele; Sferra, Fabio - 2010

We introduce endogenous investments for increasing conventional and non-conventional oil extraction capacity in the integrated assessment model WITCH. The international price of oil emerges as the Nash equilibrium of a non-cooperative game. When carbon emissions are not constrained, oil is used...

Persistent link: https://www.econbiz.de/10010272468

The role of R&D and technology diffusion in climate change mitigation: New perspectives using the witch model

Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - 2009

This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices...

Persistent link: https://www.econbiz.de/10010279620

Production Functions for Climate Policy Modeling: An Empirical Analysis

van der Werf, Edwin - 2007

Quantitative models for climate policy modeling differ in the production structure used and in the sizes of the elasticities of substitution. The empirical foundation for both is generally lacking. This paper estimates the parameters of two-level CES production functions with capital, labour and...

Persistent link: https://www.econbiz.de/10010312411

Stringency and Distribution in the EU Emissions Trading Scheme The 2005 Evidence

Schleicher, Stefan P.; Kettner, Claudia; Köppl, Angela; … - 2007

With the release of the verified emissions for installations covered by the EU Emissions Trading Scheme for the first trading year 2005 we are able to compare actual emissions and allowances for each installation. Based on data available for 24 Member States as of January 2007, this paper uses a...

Persistent link: https://www.econbiz.de/10010312274

Abatement and Transaction Costs of Carbon-Sink Projects Involving Smallholders

Cacho, Oscar; Lipper, Leslie - 2007

Agroforestry projects have the potential to help mitigate global warming by acting as sinks for greenhouse gasses. However, participation in carbon-sink projects may be constrained by high costs. This problem may be particularly severe for projects involving smallholders in developing countries....

Persistent link: https://www.econbiz.de/10010312404

Optimal Clean Energy R&D Investments Under Uncertainty

Marangoni, Giacomo; De Maere, Gauthier; Bosetti, Valentina - 2017

produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing … evaluating optimal near-term innovation investment portfolios in four key clean energy technologies (solar, biofuels … innovation to improve the performance of these technologies. We employ an IAM (WITCH) which has a fairly rich description of the …

Persistent link: https://www.econbiz.de/10011662426