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Growth and Mitigation Policies with Uncertain Climate Damage
Bretschger, Lucas - 2014
baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects, demonstrating …
Persistent link: https://www.econbiz.de/10013040491
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Growth and Mitigation Policies With Uncertain Climate Damage
Bretschger, Lucas - 2014
subsequently extend the baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects …
Persistent link: https://www.econbiz.de/10013048705
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Optimal carbon policies in a dynamic heterogenous world
Borissov, Kirill; Bretschger, Lucas - 2018
pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical … regime. The optimal allocation of pollution permits depends on international trade. In the absence of international permit … developed. When global distribution of physical capital is uneven and the aggregate pollution ceiling is low, poor countries …
Persistent link: https://www.econbiz.de/10011920831
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Escaping Damocles' sword : endogenous climate shocks in a growing economy
Bretschger, Lucas; Vinogradova, Alexandra - 2018
Climate economics has been criticized for ignoring uncertainty, catastrophic changes, and tipping points (Stern 2016). The present paper addresses these issues. We consider multiple climate shocks which are recurring, random, uninsurable, and potentially large. The associated damages and the...
Persistent link: https://www.econbiz.de/10011857735
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As Bad as it Gets : How Climate Damage Functions Affect Growth and the Social Cost of Carbon
Bretschger, Lucas - 2017
resources which cause greenhouse gas emissions; pollution stock harms capital and reduces economic growth. We find a big effect … robustness of the results by adding pollution decay and lowering the elasticity of intertemporal substitution which does not …
Persistent link: https://www.econbiz.de/10012946363
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The importance of tipping points for sustainable development
Bretschger, Lucas; Leuthard, Matthias - 2024 - This version: March 18, 2024
Solving major sustainability problems such as climate change and the loss of biodiversity requires overcoming a fundamental dilemma: on the one hand, central decisions on the realignment of the economy and society should be quick and far-reaching, on the other hand, actual decision-makers are...
Persistent link: https://www.econbiz.de/10014502191
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Boosting sluggish climate policy : endogenous substitution, learning, and energy efficiency improvements
Bretschger, Lucas; Leuthard, Matthias; Miftakhova, Alena - 2024 - This version: March 12, 2024
There is widespread concern that climate policy is moving too slowly and that decarbonization of economic development is coming too late for effective climate protection. We analyze three different effects that emerge endogenously during decarbonization and amplify current policies: growing...
Persistent link: https://www.econbiz.de/10014502190
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Equity and the Convergence of Nationally Determined Climate Policies
Bretschger, Lucas - 2016
By adopting the Paris Agreement on climate change the world community has agreed on global goals for climate policy. However, by relying on voluntary contributions and respecting "national circumstances" it does not ensure efficient and equitable country policies. To derive guidelines for a fair...
Persistent link: https://www.econbiz.de/10012992013
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Knowledge Diffusion, Endogenous Growth, and the Costs of Global Climate Policy
Bretschger, Lucas - 2015
This paper examines the effects of knowledge diffusion on growth and costs of climate policy. We develop a general equilibrium model with endogenous growth which represents knowledge diffusion between sectors and regions. Knowledge diffusion depends on accessibility and absorptive capacity which...
Persistent link: https://www.econbiz.de/10013010086
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Economics of climate change : introducing the Basic Climate Economic (BCE) model
Bretschger, Lucas; Karydas, Christos - 2018
policy. The BCE model incorporates fossil stock depletion, pollution stock accumulation, endogenous growth, and climate …
Persistent link: https://www.econbiz.de/10011904761