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Asset diversification versus climate action
Hambel, Christoph; Kraft, Holger; Ploeg, Frederick van der - 2020
and a carbon-intensive sector. We allow for endogenous growth and three types of damages from global warming. It is shown …
Persistent link: https://www.econbiz.de/10012258563
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North-South Convergence and the Allocation of CO2 Emissions
Llavador, Humberto - 2014
simultaneously address growth expectations and economic development? We postulate a two-region world and, based on sustainability and … welfare per capita to a path of sustained growth of 1% per year by 2080, while global CO2 emissions are restricted to the … 450 ppm CO2, providing an expected temperature change not exceeding 2ºC.Growth expectations in the North and the South …
Persistent link: https://www.econbiz.de/10013061728
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Rules vs. targets : climate treaties under uncertainty
Gersbach, Hans; Oberpriller, Quirin - 2012 - This version: April 2012
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
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Spatial incidence of large-scale power plant curtailment costs
Steinhäuser, J. Micha; Eisenack, Klaus - 2015
Strongly correlated and spatially concentrated curtailment of power plants strongly affects the electricity market. Such curtailment is observed during heat waves in middle Europe, for example. First, curtailed power plants need to be substituted by more expensive ones. Second, additional...
Persistent link: https://www.econbiz.de/10011305414
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Optimal management of markets for bankable emission permits
Lintunen, Jussi; Kuusela, Olli-Pekka - 2015
We examine the optimal management of emission permit markets when banking but not borrowing of permits is allowed. The regulator maximizes expected social welfare through an optimal allocation rule in an infinite horizon setting. The policy is second-best as the emission cap is set before the...
Persistent link: https://www.econbiz.de/10010528840
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Global warming, technological change and trade in carbon energy : challenge or threat?
Stephan, Gunter; Müller-Fürstenberger, Georg - 2014
Is it possible to combat global climate change through North-to-South technology transfer even without a global climate treaty? Or do carbon leakage and the rebound effect imply that it is possible to take advantage of technological improvements under the umbrella of a global arrangement only?...
Persistent link: https://www.econbiz.de/10010374157
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The politics of market linkage : linking domestic climate policies with international political economy
Green, Jessica F.; Sterner, Thomas; Wagner, Gernot - 2014
After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top-down" approach embodied by the Kyoto Protocol has all but stalled, chiefly due to disagreements over levels of ambition and objections to financial transfers. To avoid those...
Persistent link: https://www.econbiz.de/10010373734
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Carbon prices for the next hundred years
Gerlagh, Reyer; Liski, Matti - 2014
World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate …
Persistent link: https://www.econbiz.de/10010250040
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Carbon pricing under binding political constraints
Jenkins, Jesse D.; Karplus, Valerie J. - Joint Institute for Strategic Energy Analysis - 2016
The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...
Persistent link: https://www.econbiz.de/10011456178
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Pass-through of CO2 emission costs to hourly electricity prices in Germany
Hintermann, Beat - 2014
I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for...
Persistent link: https://www.econbiz.de/10010412091