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A policy analysis of the EU Emissions Trading System and its crisis
Ruf, Julia Anna - 2017
This paper provides a policy analysis of the EU Emissions Trading System and its crisis. The aim of the research is to give an answer to the question why the EU Emissions Trading System is in crisis and cannot be revised in an effective way. Therefore, the policy process of the revision of the...
Persistent link: https://www.econbiz.de/10011595853
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Capital accumulation, green paradox, and stranded assets: An endogenous growth perspective
Jin, Wei; Zhang, ZhongXiang - 2018
The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets...
Persistent link: https://www.econbiz.de/10011957025
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Climate Change, Armed Conflicts and Resilience
D'Angeli, Mariagrazia; Marin, Giovanni; Paglialunga, Elena - 2022
In recent years, there has been rapid development of the literature linking climate change and armed conflicts. Although no conclusionary evidence has been found of a direct link between climate change and armed conflicts, still climate change has been addressed as an important trigger,...
Persistent link: https://www.econbiz.de/10012819794
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Is high-speed rail green? Evidence from a quasi-natural experiment in China
Nie, Liang; Zhang, ZhongXiang - 2021
Existing studies have investigated the environmental dividends of substituting high-speed rail for other energy-intensive vehicles from an engineering standpoint, but they have yet to explore the economic effects of high-speed rail and the associated carbon emission reduction benefits. To fill...
Persistent link: https://www.econbiz.de/10012665606
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The new developmental state and the challenges of the socio-ecological transformation: Lessons from Argentina and Brazil
Alfano, Lucia - 2022
The climate crisis is inevitably looming over the horizon. Some countries are much more vulnerable than others to its harshest consequences due to their existing issues of poverty and underdevelopment. At the same time, developmental policies pursue economic growth at the cost of environmental...
Persistent link: https://www.econbiz.de/10013412263
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Climatic fluctuations and the diffusion of agriculture
Ashraf, Quamrul; Michalopoulos, Stelios - 2013
This research examines variations in the diffusion of agriculture across countries and archaeological sites. The theory suggests that a society´s history of climatic shocks shaped the timing of its adoption of farming. Specifically, as long as climatic disturbances did not lead to a collapse of...
Persistent link: https://www.econbiz.de/10010420257
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A staggered pricing approach to modeling speculative storage: Implications for commodity price dynamics
Assa, Hirbod; Dabbous, Amal; Gospodinov, Nikolay - 2013
This paper embeds a staggered price feature into the standard speculative storage model of Deaton and Laroque (1996). Intermediate goods inventory speculators are added as an additional source of intertemporal linkage, which helps us to replicate the stylized facts of the observed commodity...
Persistent link: https://www.econbiz.de/10010397676
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Is Climate Transition Risk Priced into Corporate Credit Risk? Evidence from Credit Default Swaps
Ugolini, Andrea; Reboredo, Juan C.; Ojea-Ferreiro, Javier - 2023
We study whether climate transition risk is reflected in the credit default swap (CDS) spreads of firms. Using information on the vulnerability of a firm's value to the transition to a low carbon economy, we construct a climate transition risk (CTR) factor, and document how this factor shifts...
Persistent link: https://www.econbiz.de/10014305706
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The Welfare Cost of Ignoring the Beta
Gollier, Christian - 2021
Because of risk aversion, any sensible investment valuation system should value less projects that contribute more to the aggregate risk, i.e., that have a larger income elasticity of net benefits. In theory, this is done by adjusting discount rates to consumption betas. But in reality, for...
Persistent link: https://www.econbiz.de/10012501721
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How does Climate Change Affect the Transition of Power Systems: the Case of Germany
Golub, Alexander; Govorukha, Kristina; Mayer, Philip; … - 2020
The effects of extreme weather events, such as heat waves and droughts are taken into account in both global and … extreme weather events, in particular, droughts and high temperatures, for the German power sector. Furthermore, we consider … droughts. We stress that increasing frequencies of such extreme weather events will aggravate the observed problem, especially …
Persistent link: https://www.econbiz.de/10012419713