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The purpose of this article is twofold: First to discuss three misconceptions in the debate on climate policies: i) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate change, and iii) that the only policy tool needed is to...
Persistent link: https://www.econbiz.de/10012166055
Will a carbon tax improve the welfare consequences of policies to promote electric vehicles? This paper examines when a complementarity could exist between carbon pricing and high electric vehicle adoption. We analyze electricity generation in recent years to show that in several regions, carbon...
Persistent link: https://www.econbiz.de/10013234915
European Union (EU) institutions and agencies are increasingly raising awareness on the circular economy agenda. They are encouraging marketplace stakeholders to engage in sustainable production and consumption behaviors by reducing, reusing, restoring, refurbishing and recycling resources in...
Persistent link: https://www.econbiz.de/10012828280
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with historical city data. The production and...
Persistent link: https://www.econbiz.de/10012494796
counterparties. Thus, we price the cost-benefit of transitioning carbon externalities into changes affecting deals won and lost to …
Persistent link: https://www.econbiz.de/10013405194
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012105543
externalities. For example, one authority may regulate a stock pollution and another a flow pollution that result from the same … activity. This study introduces a two-phase optimization approach to design policies to control interdependent externalities … problems by deriving a separate shadow price for each of the externalities. The paper demonstrates that the presence of one …
Persistent link: https://www.econbiz.de/10013321740
The European Union Emissions Trading Scheme (EU ETS) has aimed to encourage the development of low-carbon technologies by putting a price on carbon emissions. Using a newly constructed data set that links 8.5 million European companies with their patenting history and their regulatory status...
Persistent link: https://www.econbiz.de/10009535533
In this paper we show that both climate models and economic models studying the effects of climate change are characterized by high uncertainty. Hence, far reaching policy implications such as the net zero goal lack a definite scientific foundation. Neverthelss, it cannot be excluded that the...
Persistent link: https://www.econbiz.de/10015053416
Persistent link: https://www.econbiz.de/10012000040