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The theory of the “Green Paradox” subverts the traditional theoretical foundation of the environmental policies. The … among economists. This article identifies and reveals the virtues and weaknesses of the green paradox theory through a … comparative literature review. Both theoretical studies and empirical work are covered. It is found that the theory is at least …
Persistent link: https://www.econbiz.de/10013047188
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010375227
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010429908
Economic theory suggests that with a pollution externality and learning spillovers related to renewable energy …
Persistent link: https://www.econbiz.de/10010470292
Persistent link: https://www.econbiz.de/10013444600
The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...
Persistent link: https://www.econbiz.de/10014198032
Carbon policies introduce potentially uneven cost burdens. Anticipating these outcomes is important for policymakers seeking to achieve an equitable outcome and can be politically important as well. This paper describes the details of a microsimulation model that utilizes the price and quantity...
Persistent link: https://www.econbiz.de/10013020458
This paper examines the prices versus quantities issue, originally raised by Weitzman [8], in the context of carbon dioxide emissions and with a special focus on electricity generation. Within a simplified model of the electricity market, in which we explicitly allow for a monopolistic gas...
Persistent link: https://www.econbiz.de/10013156714
The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present paper addresses the question of whether there also might be some kind of green paradox related to supply-side policies, i.e. policies that per-manently...
Persistent link: https://www.econbiz.de/10013086981
We develop a two sector incomplete markets integrated assessment model to analyze the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...
Persistent link: https://www.econbiz.de/10013281474