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Determining the social cost of carbon emissions (SCC) is a crucial step in the economic analysis of climate change policy as the US government’s recent decision to use a range of estimates of the SCC centered at $77/tC (or, equivalently, $21/tCO2) in cost-benefit analyses of proposed...
Persistent link: https://www.econbiz.de/10010702771
Climate change not only impacts production and market consumption, but also the relative scarcity of non-market goods …
Persistent link: https://www.econbiz.de/10012154637
We study how the scarcity of non-market goods, such as environmental amenities, affects the economic appraisal of climate policy. To this end, we perform a comprehensive analysis of the change in relative prices of non-market goods in the widespread climate-economy model DICE. We show that DICE...
Persistent link: https://www.econbiz.de/10011787199
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
The UK has pledged to cut greenhouse gases 68 percent below 1990 levels by 2030, to be emissions neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully achieving these ambitious objectives with the current policy framework will be...
Persistent link: https://www.econbiz.de/10012438370
Most empirical studies on private climate change adaptation rely on self-reported intentions which often fail to translate into real actions. Consequently, this strand of literature can only insufficiently account for the intention behavior gap (IBG) in climate change adaptation, which...
Persistent link: https://www.econbiz.de/10013460352
through the distributional impacts of climate mitigation policies. The paper discusses how - even without explicit …
Persistent link: https://www.econbiz.de/10013205425
We build a general equilibrium model to study how climate transition risks affect energy prices and the valuations of different firms in the energy sector. We consider two types of fossil fuel firms: incumbents that have developed oil reserves they can extract today or tomorrow, and new entrants...
Persistent link: https://www.econbiz.de/10015191589
frameworks; and the growing financing gap. Conversely, we now have better granular climate data to study the impacts of climate …-dividends" helping to close the financing gap. There is a need to absorb and smooth the impacts of rising extreme climate events …
Persistent link: https://www.econbiz.de/10015179786
This paper explores the mitigating effects of climate policies in addressing climate-induced health adversities. We first investigate the effect of in utero exposure to rainfall variations on child health outcomes in Bangladesh and find that in utero exposure to rainfall variations negatively...
Persistent link: https://www.econbiz.de/10015142043