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Recent contributions show that climate agreements with broad participation can be implemented as weakly renegotiation-proof equilibria in simple models of greenhouse gas abatement where each country has a binary choice between cooperating (i.e., abate emissions) or defecting (no abatement). Here...
Persistent link: https://www.econbiz.de/10011968275
Recent contributions show that climate agreements with broad participation can be implemented as weakly renegotiation-proof equilibria in simple models of greenhouse gas abatement where each country has a binary choice between cooperating (i.e., abate emissions) or defecting (no abatement). Here...
Persistent link: https://www.econbiz.de/10010285562
Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...
Persistent link: https://www.econbiz.de/10011931975
Ian Castles and David Henderson have criticized IPCC's Special Report on Emissions Scenarios (SRES) (IPCC, 2000) for using market exchange rates (MER) instead of purchasing power parities (PPP) when converting regional GDP into a common denominator. The consequence is that poor countries...
Persistent link: https://www.econbiz.de/10011968136
All Annex B parties but Russia, Australia and USA, have ratified the Kyoto Protocol so far. It is still an open question whether Russia will ratify and secure that the Protocol enters into force. This paper therefore analyzes consequences of some proposed alternatives if the Russians decide not...
Persistent link: https://www.econbiz.de/10011968146
Linkage of different countries' domestic permit markets for pollution rights into a single international market alters governments' incentives, and may trigger adjustments of the number of allocated permits. First, this work finds that in a non-cooperative equilibrium, international emissions...
Persistent link: https://www.econbiz.de/10011968312
The paper shows that the marginal cost of public funds (MCF) does not depend on whether public revenue is collected by taxation of consumer goods or income from factors supplied by households on the market. Atkinson and Stern (1974) concluded in their seminal paper that “[...] whether the...
Persistent link: https://www.econbiz.de/10012581970
This paper presents an adjusted Faustmann Rule for optimal harvest of a forest in the presence of a social cost of carbon emissions. A contribution of the paper is to do this within theoretical and numerical frameworks that take account of the dynamics and interactions of the forest's multiple...
Persistent link: https://www.econbiz.de/10010330252
Traditionally, wood fuels, like other bioenergy sources, have been considered carbon neutral because the amount of CO2 released can be offset by CO2 sequestration due to the regrowth of the biomass. Thus, until recently, most studies assigned a global warming potential (GWP) of zero to CO2...
Persistent link: https://www.econbiz.de/10011968548
Extensive tree planting on new areas has been suggested as a climate policy measure in Norway. This paper presents some preliminary calculations related to carbon dynamics of such a measure when the tree planting takes place on areas with relative young birch forests. The main finding, which is...
Persistent link: https://www.econbiz.de/10011968618