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Climate policies and nationally determined contributions : reconciling the needed ambition with the political economy
Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017
Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...
Persistent link: https://www.econbiz.de/10011660858
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Can degrowth overcome the leakage problem of unilateral climate policy?
Larch, Mario; Löning, Markus; Wanner, Joschka - 2017
increases in other countries. Different than most typically discussed climate policies, degrowth not only aims at reducing the … implications. We conduct the first investigation of degrowth in a multi-country setting in order to (i) compare the leakage effects … of national pure emission reduction policies to degrowth scenarios, (ii) identify underlying channels by decomposing the …
Persistent link: https://www.econbiz.de/10011718521
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Instrument choice and stranded assets in the transition to clean capital
Rozenberg, Julie; Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017 - This version: March 2017
To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...
Persistent link: https://www.econbiz.de/10011662054
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An economic anatomy of optimal climate policy
Moreno Cruz, Juan; Wagner, Gernot; Keith, David W. - 2018
This paper introduces geoengineering into an optimal control model of climate change economics. Together with mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different characteristics have important implications for climate...
Persistent link: https://www.econbiz.de/10011853285
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To build or not to build? : capital stocks and climate policy
Baldwin, Elizabeth; Cai, Yongyang; Kuralbaeva, Karlygash Z. - 2018
We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce emissions in the short term: our "irreversibility...
Persistent link: https://www.econbiz.de/10011794242
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Do we still need carbonIntensive capital when transitioning to a green economy?
Jin, Wei; Ploeg, Frederick van der; Zhang, Lin - 2020
This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon emissions, a tightening of climate regulation...
Persistent link: https://www.econbiz.de/10012383739
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Directed technical change with capital-embodied technologies : implications for climate policy
Lennox, James A.; Witajewski, Jan - 2014
We develop a theoretical model of directed technical change in which clean (zero emissions) and dirty (emissions-intensive) technologies are embodied in long-lived capital. We show how obsolescence costs generated by technological embodiment create inertia in a transition to clean growth....
Persistent link: https://www.econbiz.de/10010403517
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Individualism and Climate Change Policies : International Evidence
Vu, Trung V. - 2020
This paper examines the extent to which the cultural dimension of individualism-collectivism matters for the stringency of climate change policies across the world. I postulate that individualistic societies are endowed with a better capacity to implement stringent climate change regulations...
Persistent link: https://www.econbiz.de/10012840385
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Land competitiveness and leakage concerns and border carbon adjustments
Zhang, ZhongXiang - 2012
This paper provides a review of the literature on competitiveness and leakage concerns associated with differentiated climate abatement commitments among countries. The literature reviewed is not exhausted, but it is sufficient to provide a balanced view of both academics and policy circles....
Persistent link: https://www.econbiz.de/10009634265
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Gender and climate action
Elert, Niklas; Lundin, Erik - 2020
It is well-known that men and women differ in their views regarding the severity of climate change, but do they also differ in their support for climate policy and in undertaking climate action? Previous evidence on this question is inconsistent, but unique survey data from the Swedish...
Persistent link: https://www.econbiz.de/10012204006