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We examine international cooperation on technological development as a supplement to, or an alternative to, international cooperation on emission reductions. R&D should be increased beyond the non-cooperative level if (i) the technology level in one country is positively affected by R&D in other...
Persistent link: https://www.econbiz.de/10003850825
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10008696672
There is growing impetus for a domestic U.S. climate policy that can provide meaningful reductions in emissions of CO2 and other greenhouse gases. I describe and analyze an up- stream, economy-wide CO2 cap-and-trade system which implements a gradual trajectory of emissions reductions (with...
Persistent link: https://www.econbiz.de/10008780586
There is growing impetus for a domestic U.S. climate policy that can provide meaningful reductions in emissions of CO2 and other greenhouse gases. In this article, I propose and analyze a scientifically sound, economically rational, and politically feasible approach for the United States to...
Persistent link: https://www.econbiz.de/10008798528
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10008655545
The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...
Persistent link: https://www.econbiz.de/10009242048
The focus of the green paradox literature has been either on demand-side climate policies or on effects of … supply-side policies, i.e. policies that permanently remove some of the carbon resources. The conclusion is that there will … no green paradox if supply-side climate policies are aimed at high-cost carbon reserves. If instead low-cost reserves are …
Persistent link: https://www.econbiz.de/10009688487
The focus of the green paradox literature has been either on demand-side climate policies or on effects of … supply-side policies, i.e. policies that per-manently remove some of the carbon resources. The conclusion is that there will … no green paradox if supply-side climate policies are aimed at high-cost carbon reserves. If instead low-cost reserves are …
Persistent link: https://www.econbiz.de/10009700308
Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...
Persistent link: https://www.econbiz.de/10010223461
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the …
Persistent link: https://www.econbiz.de/10010375227