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Regional and sectoral estimates of the social cost of carbon: An application of FUND
Anthoff, David; Rose, Steven; Tol, Richard S. J.; … - 2011
The social cost of carbon is an estimate of the benefit of reducing CO2 emissions by one ton today. As such it is a key input into cost-benefit analysis of climate policy and regulation. We provide a set of new estimates of the social cost of carbon from the integrated assessment model FUND 3.5...
Persistent link: https://www.econbiz.de/10010305852
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Modified Ramsey Discounting for Climate Change
Tol, Richard S.J. - 2013
The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...
Persistent link: https://www.econbiz.de/10010326296
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Voluntary Corporate Climate Initiatives and Regulatory Loom: Batten Down the Hatches
Ilic, Dragan; Mollet, Janick Christian - 2016
The rationale of voluntary corporate initiatives is often explained with anticipation of future regulation. We test this hypothesis for the Chicago Climate Exchange (CCX) and the Climate Leaders (CL), two popular voluntary US environmental programs to curb carbon emission that were operating...
Persistent link: https://www.econbiz.de/10011753325
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The optimal climate policy portfolio when knowledge spills across sectors
Massetti, Emanuele; Nicita, Lea - 2010
This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy...
Persistent link: https://www.econbiz.de/10010270521
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Risk premia and the social cost of carbon: A review
Kousky, Carolyn; Kopp, Robert E.; Cooke, Roger - 2011
Reducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon dioxide abatement, often do not capture this risk reduction...
Persistent link: https://www.econbiz.de/10010305850
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The influence of the specification of climate change damages on the social cost of carbon
Kopp, Robert E.; Golub, Alexander; Keohane, Nathaniel O.; … - 2011
Drawing upon climate change damage functions previously proposed in the literature that we have calibrated to a common level of damages at 2.5 C, we examine the effect upon the social cost of carbon (SCC) of varying the specification of damages in a DICE-like integrated assessment model. In the...
Persistent link: https://www.econbiz.de/10010305854
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Risk premia and the social cost of carbon: A review
Kousky, Carolyn; Kopp, Robert E.; Cooke, Roger M. - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-21, pp. 1-24
Abstract Reducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon dioxide abatement, often do not capture this risk...
Persistent link: https://www.econbiz.de/10010307625
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What should we expect from innovation? A model-based assessment of the environmental and mitigation cost implications of climate-related R&D
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - 2010
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...
Persistent link: https://www.econbiz.de/10010270465
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The influence of the specification of climate change damages on the social cost of carbon
Kopp, Robert E.; Golub, Alexander; Keohane, Nathaniel O.; … - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-13, pp. 1-40
Drawing upon climate change damage specifications previously proposed in the literature that the authors have calibrated to a common level of damages at 2.5 C, the authors examine the effect upon the social cost of carbon (SCC) of varying damage specifications in a DICE-like integrated...
Persistent link: https://www.econbiz.de/10010308736
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Breites Maßnahmenpaket zum Klimaschutz kann Kosten der Emissionsminderung in Deutschland deutlich verringern
Kemfert, Claudia; Traber, Thure; Truong, Truong P. - In: DIW Wochenbericht 74 (2007) 18, pp. 303-307
Europa will Vorreiter beim Klimaschutz werden und hat sich entschlossen, die Treibhausgasemissionen bis zum Jahr 2020 … in Europa und ein breites Maßnahmenpaket zum Klimaschutz lassen sich die Kosten für die deutsche Wirtschaft deutlich … bisherigen Emissionsverlauf berücksichtigt, und zudem ein breites Maßnahmenpaket zum Klimaschutz zu nutzen, können die …
Persistent link: https://www.econbiz.de/10011601725