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We study how public policies affects an economy where production emits pollutants and investment in productive assets raises the economy’s overall productivity. We explore two hypotheses about how the accumulation of pollutants affects human well-being. Under the first one, there is no limit...
Persistent link: https://www.econbiz.de/10012803772
The purpose of this paper is to consider the dynamics of growth in a two state variable and two control variable model where the environment is taken as a constraint. This captures some elements of environmental problems not covered in the cost approach. It also captures the idea that the...
Persistent link: https://www.econbiz.de/10011947013
Wildfires, suspended soil and other particulates, and industrial emissions combine to raise the urgency of air quality as a planetary threat. This paper introduces Prometheus, a proactive decision-making framework for managing environmental and health risks associated with air pollution and...
Persistent link: https://www.econbiz.de/10014345380
The purpose of this article is twofold: First to discuss three misconceptions in the debate on climate policies: i) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate change, and iii) that the only policy tool needed is to...
Persistent link: https://www.econbiz.de/10012166055
. These results bring therefore evidence that higher institutional quality can attenuate the environmental externalities of …
Persistent link: https://www.econbiz.de/10012830461
The author presents a multi-impact economic valuation framework called the Social Cost of Atmospheric Release (SCAR) that extends the Social Cost of Carbon (SCC) used previously for carbon dioxide (CO2) to a broader range of pollutants and impacts. Values consistently incorporate health and...
Persistent link: https://www.econbiz.de/10010193849
Economic measures are advanced to environmental problems in EU nations. The economic approach imposes a constant economic load on activities negatively affecting the environment, and it is also a technique for giving a constant profit for activities conserving the environment. The whole society...
Persistent link: https://www.econbiz.de/10011483125
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
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
renewable energy resources. This points to a closer look at the interaction between global externalities from fossil fuel use … critically depend on strategies that mitigate the costs of climate externalities. This paper aims to investigate the effect of … cooperative and noncooperative scenarios - as two main strategies for GPGs - on the global externalities and capital stock of …
Persistent link: https://www.econbiz.de/10014081657