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veröffentlichten Fachartikeln. Durch die gegenwärtig öffentlich geführte Diskussion zum Thema Klimawandel stehen europäische … Möglichkeit, auf diese neuen Ansprüche zu reagieren, ist Anpassung durch Innovation. Das übergeordnete Ziel der Dissertation ist … Anpassungsstrategien an den Klimawandel“. -- Klimawandel ; Innovation ; CO2 ; EU ETS ; Risiko …
Persistent link: https://www.econbiz.de/10009691261
We demonstrate the advantages of a climate treaty based solely on rules for international permit markets when there is uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule. Each signatory can freely choose the...
Persistent link: https://www.econbiz.de/10009552905
Temperature responses and optimal climate policies depend crucially on the choice of a particular climate model. To illustrate, the temperature responses to given emission reduction paths implied by the climate modules of the well-known integrated assessments models DICE, FUND and PAGE are...
Persistent link: https://www.econbiz.de/10011718250
The uncertainty surrounding both costs and benefits associated with global climate change mitigation creates enormous hurdles for scientists, stakeholders, and decisionmakers. A key issue is how policy choices balance uncertainty about costs and benefits. This balance arises in terms of the time...
Persistent link: https://www.econbiz.de/10014059883
Policy makers put great emphasis on the role of information about carbon emissions in achieving sustainable decisions by consumers. We conduct two studies to understand the optimal targeting of such information and its effects. First, we conduct an incentivized and representative survey among US...
Persistent link: https://www.econbiz.de/10013472303
The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean …
Persistent link: https://www.econbiz.de/10013472310
What is the effect of climate policies on inflation and economic activity? Answering this question is critical for central banks trying to achieve price stability. This paper studies the experience from existing carbon taxes in Canada and Europe, introduced over the last 30 years. Based on two...
Persistent link: https://www.econbiz.de/10012602683
carbon pricing, compensate households, and possibly combine pricing with a border carbon adjustment. It also recommends the …
Persistent link: https://www.econbiz.de/10012433898
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
Using Credit Default Swap spreads, we construct a forward-looking, market-implied carbon risk factor and show that carbon risk affects firms' credit spread. The effect is larger for European than North American firms and varies substantially across industries, suggesting the market recognises...
Persistent link: https://www.econbiz.de/10013417581