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Ambiguity Reduction by Objective Model Selection, with an Application to the Costs of the EU 2030 Climate Targets
Tol, Richard S. J. - In: Energies 7 (2014) 11, pp. 6886-6896
I estimate the cost of meeting the EU 2030 targets for greenhouse gas emission reduction, using statistical emulators of ten alternative models. Assuming a first-best policy implementation, I find that total and marginal costs are modest. The statistical emulators allow me to compute the risk...
Persistent link: https://www.econbiz.de/10011031076
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The impact of temperature changes on residential energy consumption
Petrick, Sebastian; Rehdanz, Katrin; Tol, Richard S. J. - 2010
To investigate the link between rising global temperature and global energy use, we estimate an energy demand model …-linearities in the impact of temperature on energy demand as well as temperature-income interactions. We find that oil, gas and … electricity use are driven by a non-linear heating effect: Energy use not only decreases with rising temperatures due to a reduced …
Persistent link: https://www.econbiz.de/10010277982
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The Impact of Temperature Changes on Residential Energy Consumption
Petrick, Sebastian; Rehdanz, Katrin; Tol, Richard S. J. - Institut für Weltwirtschaft (IfW) - 2010
To investigate the link between rising global temperature and global energy use, we estimate an energy demand model …-linearities in the impact of temperature on energy demand as well as temperature-income interactions. We find that oil, gas and … electricity use are driven by a non-linear heating effect: Energy use not only decreases with rising temperatures due to a reduced …
Persistent link: https://www.econbiz.de/10008470335
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The impact of temperature changes on residential energy consumption
Petrick, Sebastian; Rehdanz, Katrin; Tol, Richard S. J. - 2010
To investigate the link between rising global temperature and global energy use, we estimate an energy demand model …-linearities in the impact of temperature on energy demand as well as temperature-income interactions. We find that oil, gas and … electricity use are driven by a non-linear heating effect: Energy use not only decreases with rising temperatures due to a reduced …
Persistent link: https://www.econbiz.de/10003954330
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Understanding Long-Term Energy Use and Carbon Dioxide Emissions in the USA
Tol, Richard S. J. - 2013
We compile a database of energy uses, energy sources, and carbon dioxide emissions for the USA for the period 1850 …-2002. We use a model to extrapolate the missing observations on energy use by sector. Overall emission intensity rose between …-fossil energy sources. From 1850 to 2002, emissions were reduced by technological and behavioural change (particularly in transport …
Persistent link: https://www.econbiz.de/10012711627
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International cooperation on climate change adaptation from an economic perspective
de Bruin, Kelly C.; Dellink, Rob B.; Tol, Richard S. J. - 2010
This paper investigates the economic incentives of countries to cooperate on international adaptation financing. Adaptation is generally implicitly incorporated in the climate change damage functions as used in Integrated Assessment Models. We replace the implicit decision on adaptation with...
Persistent link: https://www.econbiz.de/10010272441
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International cooperation on climate change adaptation from an economic perspective
De Bruin, Kelly C.; Dellink, Rob; Tol, Richard S. J. - 2010
This paper investigates the economic incentives of countries to cooperate on international adaptation financing. Adaptation is generally implicitly incorporated in the climate change damage functions as used in Integrated Assessment Models. We replace the implicit decision on adaptation with...
Persistent link: https://www.econbiz.de/10008729157
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The optimal timing of greenhouse gas emission abatement, individual rationality and intergenerational equity
Tol, Richard S. J. - 1998
This paper explores the relationship between rationality and equity in an intergenerational context of greenhouse gas emission reduction. It is shown that the least-cost trajectory to a constraint on cumulative emissions implies an upward-sloping emission reduction effort, in most cases, whether...
Persistent link: https://www.econbiz.de/10011608371
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Equitable cost-benefit analysis of climate change
Tol, Richard S. J. - 1999
The literature of welfare-maximising greenhouse gas emission reduction strategies pays remarkably little attention to equity. This paper introduces three ways to consider efficiency and equity simultaneously. The first method, inspired by Kant and Rawls, maximises net present welfare, without...
Persistent link: https://www.econbiz.de/10011608505
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Equitable Cost-Benefit Analysis of Climate Change
Tol, Richard S. J. - 2003
The literature of welfare-maximising greenhouse gas emission reduction strategies pays remarkably little attention to equity. This paper introduces three ways to consider efficiency and equity simultaneously. The first method, inspired by Kant and Rawls, maximises net present welfare, without...
Persistent link: https://www.econbiz.de/10014172882