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warming develops. It is thus important that the impacts of climate mitigation policies are assessed not only on global and … national levels, but also on the regional level. The key tool for assessing the efficiency of climate mitigation policies and … function. We compare a business-as-usual scenario (no mitigation policy) with various mitigation scenarios with different …
Persistent link: https://www.econbiz.de/10011492550
This paper provides ex-post empirical evidence on the effects of green technology support policies, in comparison with other climate policies, on carbon dioxide emissions at the aggregate national level. The paper uses cross-country dynamic panel estimation for a sample of 38 countries over the...
Persistent link: https://www.econbiz.de/10014514891
The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...
Persistent link: https://www.econbiz.de/10013472310
Deep decarbonisation requires large-scale irreversible investments throughout the next decade. Policymakers discuss Carbon Contracts for Differences (CCfDs) to incentivise such investments in the industry sector. CCfDs are contracts between a regulator and a firm that pay out the difference...
Persistent link: https://www.econbiz.de/10012799430
of foreign mitigation measures. Ceilings are also justified on the ground that international offsets undermine the …
Persistent link: https://www.econbiz.de/10008702840
The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon Capture and Storage) efficiency. First, we characterize the set of decentralized equilibria: A particular equilibrium is associated to each vector of public tools which includes...
Persistent link: https://www.econbiz.de/10003922939
In this paper we argue that when a subgroup of countries cooperate on emission reduction, the optimal response of non-signatory countries reflects the interaction between three potentially opposing factors, the incentive to free-ride on the benefits of cooperation, the incentive to expand the...
Persistent link: https://www.econbiz.de/10009379764
of foreign mitigation measures. Ceilings are also justified on the ground that international offsets undermine the …
Persistent link: https://www.econbiz.de/10013069960
The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon Capture and Storage) efficiency. First, we characterize the set of decentralized equilibria: A particular equilibrium is associated to each vector of public tools which includes...
Persistent link: https://www.econbiz.de/10013095228
Environmental, Social, and Governance (ESG) is a market for environmental criteria that has recently attracted the attention of policymakers and in particular European Union (EU) countries to improve environmental quality. In the context of the EU Sustainable Development Goals, this study aims...
Persistent link: https://www.econbiz.de/10014635477