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We develop an endogenous growth model to address a long standing question whether sustainable green growth is feasible by re-allocating resource use between green (natural) and man-made (carbon intensive) capital. Although the model is general we relate it to the UKís green growth policy...
Persistent link: https://www.econbiz.de/10012255107
concept of "sustainability". We relate such a definition of sustainability to well known concepts from neoclassical economics …-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 …
Persistent link: https://www.econbiz.de/10011597674
Governments contracting with private agents for the provision of an impure public good must contend with agents who would potentially supply the good absent any payments. This additionality problem is centrally important in the use of carbon offsets as part of climate change mitigation....
Persistent link: https://www.econbiz.de/10008840963
We extend the WITCH model to consider the possibility to produce and trade electricity generated by large scale concentrated solar power plants in highly productive areas that are connected to the demand centres through High Voltage Direct Current (HVDC) cables. We find that it becomes optimal...
Persistent link: https://www.econbiz.de/10009152215
We study the potential of tropical multi-age multi-species forests for sequestering carbon in response to financial incentives from REDD+. The use of reduced impact logging techniques (RIL) allows a forest owner to apply for carbon credits whereas the use of conventional logging techniques (CL)...
Persistent link: https://www.econbiz.de/10011348906
decision makers in pinpointing factors that threaten the sustainability and stability of a risk-prone area and more …
Persistent link: https://www.econbiz.de/10009687482
For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...
Persistent link: https://www.econbiz.de/10009702215
Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...
Persistent link: https://www.econbiz.de/10009419703
Although the effectiveness of flushing floods in restoring basic environmental functions in highly engineered rivers has been extensively tested, the opportunity cost is still considered to represent an important limitation to putting these actions into practice. In this paper, we present a...
Persistent link: https://www.econbiz.de/10010380630
The Energy Modeling Forum 28 (EMF28) performed a large-scale model comparison exercise to illustrate different technology pathways for cutting European greenhouse gas emissions by 80% by 2050. Focusing on selected countries (France, Germany, Italy, Sweden and UK), this paper first analyses...
Persistent link: https://www.econbiz.de/10010250433