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Allocating Risks in a Domestic Greenhouse Gas Trading System

Kerr, Suzi - 2013

strategic incentives for either government or regulated entities. Consideration of both exogenous risk (uncontrollable) and … endogenous risk (concerns about policy credibility) suggests that permits should be auctioned several years in advance of use … all risk to be pooled and managed as efficiently as possible within the private sector. For endogenous risk, it creates a …

Persistent link: https://www.econbiz.de/10014075602

Climate change risk, and human behavior : theory and evidenc

Dhami, Sanjit S.; Hajimoladarvish, Narges; Mamidi, Pavan - 2023 - This Version: October 2023

A group of decision makers simultaneously make contributions towards a green fund that reduces the future probability of a climate catastrophe. We derive the theoretical predictions of the effects on contributions arising from 'behavioral parameters' such as loss aversion and present-bias;...

Persistent link: https://www.econbiz.de/10014391321

Optimal climate policy for a pessimistic social planner

Valentini, Edilio; Vitale, Paolo - In: Environmental & resource economics : the official … 72 (2019) 2, pp. 411-443

Persistent link: https://www.econbiz.de/10012130180

The Legislative Temperature for Climate Change

Flatt, Victor Byers - 2007

It is almost certain that the US Congress is going to pass some kind of comprehensive climate change legislation that in some fashion will have mandatory limits or costs for the production of Carbon Dioxide. How this legislation is constructed will have enormous impacts on the economy and the...

Persistent link: https://www.econbiz.de/10014222603

Chapter 10. Experimental Evaluations of Policy Instruments

Bohm, Peter - In: Handbook of environmental economics : volume 1, …, (pp. 437-460). 2003

Experimental methods have recently been used to evaluate environmental policy instruments, in particular – and most suitably, it seems – emissions trading programs of various designs. Some studies have focused on domestic emissions trading programs, while others have focused on international...

Persistent link: https://www.econbiz.de/10014023935

'Offsetting' Crisis? - Climate Change Cap and Trade Need Not Contribute to Another Financial Meltdown

Flatt, Victor Byers - 2012

market problems. The most problematic of the instruments, offsets, can be designed to lessen financial risk from underlying …

Persistent link: https://www.econbiz.de/10013107537

The Italian Position in the Energy and Climate Change Negotiations

Viviani, Carlo - 2011

to the risk of delocalization (carbon leakage) are described in detail, including background data not previously …

Persistent link: https://www.econbiz.de/10013131185

Summary of the Workshop to Support Implementing the Minimum 25 Percent Public Benefit Allocation in the Regional Greenhouse Gas Initiative

Burtraw, Dallas; Palmer, Karen L. - 2015

On July 20, 2006, in New York City, Resources for the Future convened a workshop of stakeholders and state officials engaged in the Regional Greenhouse Gas Initiative (RGGI) together with experts on various aspects of using auctions. The workshop provided technical assistance to states for the...

Persistent link: https://www.econbiz.de/10014054698

More frequent commitments promote cooperation, ratcheting does not

Ockenfels, Axel; Gallier, Carlo; Sturm, Bodo - 2024

International climate negotiations have so far failed to produce ambitious climate cooperation. We combine laboratory experiments with simulations to investigate the performance of two negotiation design features to address this failure: The Paris Agreement's ratchet-up mechanism, which requires...

Persistent link: https://www.econbiz.de/10015211854

Is regulation by milestones efficiency enhancing? An experimental study of environmental protection

Freytag, Andreas; Güth, Werner; Koppel, Hannes; … - In: European Journal of Political Economy 33 (2014) C, pp. 71-84

changing the marginal productivity of individual contributions and the payoff risk. Although we observe some milestone effects …

Persistent link: https://www.econbiz.de/10011056290