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Endogenous Growth, Convexity of Damages and Climate Risk : How Nordhaus' Framework Supports Deep Cuts in Carbon Emissions
Dietz, Simon - 2014
risk -- optimal policy comprises strong controls. To focus on these features and facilitate comparison with Nordhaus' work …
Persistent link: https://www.econbiz.de/10013050340
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What we know and don't know about climate change, and implications for policy
Pindyck, Robert S. - 2020 - This draft: May 11, 2020
There is a lot we know about climate change, but there is also a lot we don't know. Even if we knew how much CO2 will be emitted over the coming decades, we wouldn't know how much temperatures will rise as a result. And even if we could predict the extent of warming that will occur, we can say...
Persistent link: https://www.econbiz.de/10012225170
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Subsidizing human capital to overcome the green paradox : a demand-side approach
Steinkraus, Arne - 2016
This paper shifts the perspective of the recent green paradox literature towards the demand side. Based on a simple model, I show that a subsidy on input factors in a Cobb-Douglas production function may contribute substantially to postponing resource extraction into the future and, thereby, to...
Persistent link: https://www.econbiz.de/10011529800
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The influence of the specification of climate change damages on the social cost of carbon
Kopp, Robert E.; Golub, Alexander; Keohane, Nathaniel O.; … - 2011
damages in a DICE-like integrated assessment model. In the absence of risk aversion, all of the SCC estimates but one agree … within a factor of two. The effect of varying calibration damages is mildly sublinear. With a moderate level of risk aversion … approximate the range of uncertainty in climate change damages. In the absence of risk aversion, SCC values calculated with this …
Persistent link: https://www.econbiz.de/10009229225
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The influence of the specification of climate change damages on the social cost of carbon
Kopp, Robert E.; Golub, Alexander; Keohande, Nathaniel O.; … - 2012
uncertainty in extrapolating damages to high temperatures at moderate-to-high levels of risk aversion, but only modestly so at low … levels of risk aversion. While in the absence of risk aversion, all of the SCC estimates but one agree within a factor of two …, with a moderate level of risk aversion included, the differences among estimates grow greatly. For example, one composite …
Persistent link: https://www.econbiz.de/10009530961
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Wood-based bioenergy
Hoel, Michael; Sletten, Thea Marcelia - 2014
During recent years increased attention has been given to second-generation wood-based bioenergy. The carbon stored in the forest is highest when there is little or no harvest from the forest. Increasing the harvest from a forest, in order to produce more bioenergy, may thus conflict with the...
Persistent link: https://www.econbiz.de/10010256154
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The Influence of the Specification of Climate Change Damages on the Social Cost of Carbon
Kopp, Robert E. - 2014
damages in a DICE-like integrated assessment model. In the absence of risk aversion, all of the SCC estimates but one agree … within a factor of two. The effect of varying calibration damages is mildly sublinear. With a moderate level of risk aversion … approximate the range of uncertainty in climate change damages. In the absence of risk aversion, SCC values calculated with this …
Persistent link: https://www.econbiz.de/10013066991
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Carbon Footprints of European Manufacturing Jobs : Stylized Facts and Implications for Climate Policy
Wagner, Ulrich J. - 2020
This paper presents first results from a new European-wide research network for evidence-based climate policy. Using administrative data on industrial firms in Finland, France, Germany, Lithuania, Norway, and Sweden,we construct harmonized measures of carbon dioxide emissions per job. We...
Persistent link: https://www.econbiz.de/10012836825
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Growth and Mitigation Policies With Uncertain Climate Damage
Bretschger, Lucas - 2014
Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. One of the biggest challenges for economic modeling is the inherent uncertainty of climate events, which crucially affects consumption, investment, and abatement decisions. We...
Persistent link: https://www.econbiz.de/10013048705
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Growth and Mitigation Policies with Uncertain Climate Damage
Bretschger, Lucas - 2014
Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural disasters are multiple and random, with damages driven by the economy's polluting activity. We provide a...
Persistent link: https://www.econbiz.de/10013040491