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Modelling the impacts of a national carbon tax in a country with inhomogeneous regional development : an actor-based system-dynamic approach : paper presented at ERSA 54th Congress, Regional development & globalisation: Best practices, 26-29 August 2014, St. Petersburg, Russia

Kovalevsky, Dmitry V.; Hasselmann, Klaus - 2014

warming develops. It is thus important that the impacts of climate mitigation policies are assessed not only on global and … national levels, but also on the regional level. The key tool for assessing the efficiency of climate mitigation policies and … function. We compare a business-as-usual scenario (no mitigation policy) with various mitigation scenarios with different …

Persistent link: https://www.econbiz.de/10011492550

Adapting to climate change : an analysis under uncertainty

García-León, David - 2016

light on how the optimal balance between mitigation and adaptation changes under different stochastic scenarios. We find … that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …

Persistent link: https://www.econbiz.de/10011451547

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

Optimal climate policy as if the transition matters

Campiglio, Emanuele; Dietz, Simon; Venmans, Frank - 2022

The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...

Persistent link: https://www.econbiz.de/10013472310

An Economic Anatomy of Optimal Climate Policy

Moreno Cruz, Juan - 2018

mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different …

Persistent link: https://www.econbiz.de/10012915191

Global warming and technical change : multiple steady-states and policy options

Bondarev, Anton; Greiner, Alfred - 2018

In this paper we develop an economic growth model that includes anthropogenic climate change. We include a publicly funded research sector that creates new technologies and simultaneously expands the productivities of existing technologies. The environment is affected by R&D activities both...

Persistent link: https://www.econbiz.de/10011790674

The Optimal Carbon Tax With a Tipping Climate and Peak Temperature

Wiskich, Anthony - 2019

This paper describes an integrated assessment model with an unknown temperature threshold where severe and irreversible climate impacts, called a tipping point, occurs. The possibility of tipping leads to the following linked outcomes: a prolonged period of peak temperature; a rebound in...

Persistent link: https://www.econbiz.de/10012863711

An Economic Anatomy of Optimal Climate Policy

Moreno Cruz, Juan - 2018

mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. We show in the context …

Persistent link: https://www.econbiz.de/10012933507

The macroeconomics of clean energy subsidies

Casey, Gregory; Jeon, Woongchan; Traeger, Christian - 2023

We study clean energy subsidies in a quantitative climate-economy model. Clean energy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the marginal...

Persistent link: https://www.econbiz.de/10014440981

The macroeconomics of clean energy subsidies

Casey, Gregory; Jeon, Woongchan; Traeger, Christian - 2023

We study clean energy subsidies in a quantitative climate-economy model. Clean en-ergy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the...

Persistent link: https://www.econbiz.de/10014444067