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Interpreting sustainability in economic terms : dynamic efficiency plus intergenerational equity
Stavins, Robert N.; Wagner, Alexander F.; Wagner, Gernot - 2002
-temporal realm, we find that dynamic efficiency is a necessary but not sufficient condition for a notion of sustainability that has … normative standing as a goal for public policy. We define sustainability as dynamic efficiency plus intergenerational equity …. Further, we argue that it is not unreasonable for economists to focus on the efficiency element, leaving equity considerations …
Persistent link: https://www.econbiz.de/10011597674
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Thirteen plus one : a comparison of global climate policy architectures
Aldy, Joseph E.; Barrett, Scott; Stavins, Robert N. - 2003
global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency … environmental outcome and efficiency, and between cost-effectiveness and incentives for participation and compliance. …
Persistent link: https://www.econbiz.de/10011591853
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Integrating the value of natural capital in evidence-based policy making
Banerjee, Onil; Vargas, Renato; Cicowiez, Martín - 2020
This paper describes how Natural Capital Accounting (NCA) can be integrated into economy wide analytical frameworks to enhance evidence based decision making. Examples from applications of the Integrated Environmental Economic Modelling (IEEM) Platform show how explicitly accounting for the...
Persistent link: https://www.econbiz.de/10012587530
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Reducing air pollution through behavioral change of wood-stove users : evidence from an RCT in Valdivia, Chile
Ruiz-Tagle, J. Cristóbal; Schueftan, Alejandra - 2019
Ambient air pollution is a serious problem in cities in south-central Chile because of massive combustion of wood as … fuel for residential heating. To reduce air pollution emissions, Chile's environmental authority has implemented a large …) is conducted in selected households in the city of Valdivia, Chile. Results from this intervention show that the …
Persistent link: https://www.econbiz.de/10012107012
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Building uncertainty into the adaptation cost estimation in integrated assessment models
Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016
This paper proposes an operationally simple and easily generalizable methodology to incorporate climate change damage uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region-specific factor by extracting damage distribution...
Persistent link: https://www.econbiz.de/10011451668
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Increasing participation and compliance in international climate change agreements
Barrett, Scott; Stavins, Robert N. - 2002
Scientific and economic consensus increasingly points to the need for a credible and cost-effective approach to address the threat of global climate change, but the Kyoto Protocol to the U.N. Framework Convention on Climate Change appears incapable of inducing significant participation and...
Persistent link: https://www.econbiz.de/10011598221
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Evaluating projects and assessing sustainable development in imperfect economies
Arrow, Kenneth Joseph; Dasgupta, Partha; Mäler, Karl-Göran - 2003
We are interested in three related questions: (1) How should accounting prices be estimated? (2) How should we evaluate policy change in an imperfect economy? (3) How can we check whether intergenerational well-being will be sustained along a projected economic programme? We do not presume that...
Persistent link: https://www.econbiz.de/10011593029
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Uncertainty and stock returns in energy markets: a quantile regression approach
Cedic, Samir; Mahmoud, Alwan; Manera, Matteo; Uddin, … - 2021
The aim of this paper is to analyze the relationship between different types of uncertainty and stock returns of the renewable energy and the oil & gas sectors. We use the quantile regression approach developed by Koenker and d'Orey (1987; 1994) to assess which uncertainties are the potential...
Persistent link: https://www.econbiz.de/10012510024
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The value of biodiversity in economic decision making : applying the IEEM+ESM approach to conservation strategies in Colombia
Banerjee, Onil; Cicowiez, Martín; Malek, Žiga; … - 2020
In this paper we evaluate the economic, natural capital and ecosystem services impacts of strategies for conserving Colombias rich natural capital endowment. Specifically, we consider Government program proposals for establishing Payment for Ecosystem Services (PES), implementing more...
Persistent link: https://www.econbiz.de/10012587042
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The unilateral implementation of a sustainable growth path with directed technical change
Bijgaart, Inge van den - 2015
We determine the core characteristics of a climate coalition's optimal policies in a dynamic two country directed technical change framework. Unilateral policies alter the structure of production and thereby innovation incentives across countries. Whenever feasible, optimal policies implement...
Persistent link: https://www.econbiz.de/10010485494