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Cap-and-trade programs for air emissions have become the widely accepted, preferred approach to cost-effective pollution reduction. One of the important design questions in a trading program is how to initially distribute the emissions allowances. Under the Acid Rain program created by Title IV...
Persistent link: https://www.econbiz.de/10009445480
Most studies that compare price and quantity controls for greenhouse gas emissions under uncertainty find that price mechanisms perform substantially better. In these studies, the benefits from reducing emissions are proportional to the level of reductions, and such linear benefits strongly...
Persistent link: https://www.econbiz.de/10009445516
The Regional Greenhouse Gas Initiative (RGGI) is an effort by nine Northeast and Mid-Atlantic states to develop a regional, mandatory, market-based cap-and-trade program to reduce greenhouse gas (GHG) emissions from the electricity sector. The initiative is expected to lead to an increase in the...
Persistent link: https://www.econbiz.de/10009445517
We analyze the effects of EU adoption of a Sky Trust (Barnes and Breslow 2003) on the income distribution of Hungary, a lower-middle income EU member. We use plausible parameters for an EU carbon charge and revenue recycling system, input-output data to track the effect of a carbon charge on...
Persistent link: https://www.econbiz.de/10009467753
Impacts from climate change already pose major challenges for organizations and industrial systems, and vulnerabilities are expected to increase in the future, particularly in vulnerable sectors and locations. Findings by the Intergovernmental Panel on Climate Change (IPCC) suggest that climate...
Persistent link: https://www.econbiz.de/10009448564
Today, climate change is among the most hotly-debated topics worldwide. The Clean Development Mechanism (CDM), one of the three financial mechanisms under the Kyoto Protocol open to developing and developed countries, was devised to assist in mitigation of global warming. Since it was initiated,...
Persistent link: https://www.econbiz.de/10009482103
‘Green Business’ has risen in prominence. Green supply chain management is a concept that is gaining popularity in the South East Asian region especially in India. For many organizations in India, it is a way to demonstrate their sincere commitment to sustainability. For this purpose a...
Persistent link: https://www.econbiz.de/10011617948
Hotter countries are poorer on average. This paper attempts to separate the historical and contemporaneous components of this income-temperature relationship. Following ideas by Acemoglu et al. (Am Econ Rev 91(5):1369-1401, 2001), we use colonial mortality data to account for the historical role...
Persistent link: https://www.econbiz.de/10009429434
four decades. This innovation path also aims to promote environmental quality, particularly by reducing emissions of … criteria air pollutants, to reduce U.S. dependence on imported oil, and to induce technological innovation and diffusion in … energy production and consumption. The innovation path would reduce economy-wide carbon emissions by 26% below baseline …
Persistent link: https://www.econbiz.de/10009468487
El cambio climático, su gestión y mitigación, constituye sin duda uno de los elementos de riesgo más importantes que afrontará nuestra sociedad en las próximas décadas. El sector financiero desempeña un papel fundamental en este reto, tanto por su exposición y las consiguientes...
Persistent link: https://www.econbiz.de/10012523716