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Prospect theory, mitigation and adaptation to climate change

Osberghaus, Daniel - 2013

stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take … outcomes. This paper systematically reviews what prospect theory can offer to analyse mitigation and adaptation. It is shown …-known puzzles in the climate debate, including (but not limited to) the different uptake of mitigation and adaptation amongst …

Persistent link: https://www.econbiz.de/10010203467

C&C - contraction and convergence of carbon emissions : the economic implications of permit trading

Böhringer, Christoph; Welsch, Heinz - 1999

In the context of climate protection policy it has been suggested that global CO2 emissions should be reduced significantly (contraction) and that per capita emissions should gradually be equalized across countries (convergence). This paper uses a dynamic multi-region computable general...

Persistent link: https://www.econbiz.de/10011442448

Emissions trading and productivity : firm-level evidence from German manufacturing

Lutz, Benjamin Johannes - 2016

I study the causal effect of the European Union Emissions Trading System (EU ETS) on the productivity of German manufacturing firms. Using administrative firm-level data, I estimate robust production functions for narrowly defined industries. This approach allows for an endogenous dynamic...

Persistent link: https://www.econbiz.de/10011543592

Contraction of global carbon emissions : how acceptable are alternative emission entitlement schemes

Böhringer, Christoph; Welsch, Heinz - 2001

The allocation of emissions entitlements across countries is the single most controversial issue in international climate policy. Extreme positions within the policy debate range from entitlement based on current emission patterns (CEP) to equal-per-capita (EPC) allocations.Convergence (COV)...

Persistent link: https://www.econbiz.de/10011446991

On the design of optimal grandfathering schemes for emission allowances

Böhringer, Christoph; Lange, Andreas - 2003

To meet its commitment under the Kyoto Protocol, the EU plans to implement an emissions trading system with grandfathering of allowances. Besides having distributional impacts, the choice of the grandfathering scheme may affect efficiency if firms anticipate how future allocations depend on...

Persistent link: https://www.econbiz.de/10011448245

Economic implications of alternative allocation schemes for emission allowances : a theoretical and applied analysis

Böhringer, Christoph; Lange, Andreas - 2003

Political feasibility of emission trading systems may crucially depend on the free initial allocation of emission allowances to energy-intensive industries in order to ameliorate adverse production and employment effects. We investigate the potential trade-off between such compensation and...

Persistent link: https://www.econbiz.de/10011448451

The impacts of the EU ETS on efficiency : an empirical analyses for German manufacturing firms

Löschel, Andreas; Lutz, Benjamin Johannes; Managi, Shunsuke - 2016

We investigate the effect of the European Union Emissions Trading System (EU ETS) on the economic performance of manufacturing firms in Germany. Our difference-in-differences framework relies on several parametric conditioning strategies and nearest neighbor matching. As a measure of economic...

Persistent link: https://www.econbiz.de/10011574888

Strategic delegation and international permit markets : why linking may fail

Habla, Wolfgang; Winkler, Ralph - 2017 - This version: May 2017

We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...

Persistent link: https://www.econbiz.de/10011685155

Flexibility in the market for international carbon credits and price dynamics difference with European allowances

Gavard, Claire; Kirat, Djamel - 2017

The Paris Agreement establishes a mechanism to allow a Party to benefit from greenhouse gases emissions reductions conducted in a host Party to fulfil its nationally determined contribution. In this context, the objective of this paper is to improve the understanding of carbon offsets price...

Persistent link: https://www.econbiz.de/10011752566

Inkrementelle versus radikale Innovationen am Beispiel der Kraftwerkstechnik

Rennings, Klaus (contributor); Markewitz, Peter (contributor) - 2008

In der Diskussion um Innovationen für eine nachhaltige Entwicklung werden häufig radikale Innovationen gefordert, damit die Transformation der Gesellschaft hin zu einem als nachhaltig empfundenen System gelingen kann. Begründet wird dies mit einer höheren Umwelteffizienz dieser Innovationen....

Persistent link: https://www.econbiz.de/10003770918