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Climate change remains one of the major international environmental challenges facing nations. Yet nations have to date taken minimal policies to slow climate change. Moreover, there has been no major improvement in emissions trends as of the latest data. The current study uses the updated DICE...
Persistent link: https://www.econbiz.de/10012977936
This paper investigates the relative economic and environmental outcomes of price versus quantity mechanisms to control GHG emissions when abatement costs are uncertain. In particular, we evaluate the impacts on policy costs, CO2 emissions and energy R&D for a stringent mitigation target of 550...
Persistent link: https://www.econbiz.de/10014219643
This paper proposes a comprehensive climate stress testing approach to measure the impact of transition risk on investment portfolios. Unlike most climate stress testing models, which are designed for the banking industry and follow a top-down approach, our framework considers a bottom-up...
Persistent link: https://www.econbiz.de/10014349770
Climate change and the public policies to arrest it are and will continue reshaping the global economy. This Discussion Paper draws on economic research to identify some key medium- and long-run economic implications of these developments. It explores implications for growth, innovation,...
Persistent link: https://www.econbiz.de/10014256842
In this paper we test empirically with the Nordhaus and Yang (1996) RICE model the core property of the transfer scheme advocated by Germain, Toint and Tulkens (1997). This scheme is designed to sustain full cooperation in a voluntary international environmental agreement by making all countries...
Persistent link: https://www.econbiz.de/10013321371
In recent years, the debate about climate change and the competitiveness of multinational corporations (MNCs) has increased. Decision-makers in MNCs often face ambiguities on how their business competitiveness could be impacted by their actions to mitigate climate change. By combining knowledge...
Persistent link: https://www.econbiz.de/10014038119
Seeking to play a pioneering role in climate protection, the European Union has decided to pursue a reduction of at least 20% in greenhouse-gas emissions (on 1990 levels) by the year 2020. Moreover, Europe has declared its willingness to commit itself to emission reductions of 30% over the same...
Persistent link: https://www.econbiz.de/10011601233
Europa will Vorreiter beim Klimaschutz werden und hat sich entschlossen, die Treibhausgasemissionen bis zum Jahr 2020 um mindestens 20 % gegenüber dem Jahr 1990 zu senken. Darüber hinaus ist die Europäische Union bereit, sich für diesen Zeitraum auf eine Verminderung um 30 % zu verpflichten,...
Persistent link: https://www.econbiz.de/10011601725
Hypothetical bias is one of the main issues bedeviling the field of nonmarket valuation. The general criticism is that survey responses reflect how people would like to behave, rather than how they actually behave. In our study of climate change and emissions reductions, we took advantage of the...
Persistent link: https://www.econbiz.de/10008746961
The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the...
Persistent link: https://www.econbiz.de/10008823912