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Differential exposure to climate change? : evidence from the 2021 floods in Germany
Odersky, Moritz; Löffler, Max - 2023
natural disasters intensified by anthropogenic climate change. To this end, we link official geo-coded satellite data on flood …-affected buildings to neighborhood-level information on socio-economic status. We then document the empirical relationship between flood … percent lower in flood-affected neighborhoods than in non-affected neighborhoods nearby. Our study is the first to document …
Persistent link: https://www.econbiz.de/10014419481
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Including maritime transport in the EU's climate change policy: Country-based allocation and effects
Heitmann, Nadine - 2013
The European Union (EU) is actively campaigning for the global regulation of carbon emissions generated by maritime bunker fuels because these emissions are presently barely regulated and are projected to increase significantly in the coming decades. However, since a global regulation has not...
Persistent link: https://www.econbiz.de/10010292722
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Carbon Tax Burdens on Low-Income Households: A Reason for Delaying Climate Policy?
Parry, Ian - 2015
This paper discusses techniques for measuring the incidence of carbon taxes across different household income groups and provides some cross-country estimates of these effects for selected advanced countries. The general message of this paper is that distributional concerns should not...
Persistent link: https://www.econbiz.de/10011388157
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The Intricacy of Adapting to Climate Change: Flood Protection as a Local Public Goods Game
Bondarev, Anton; Hintermann, Beat; Krysiak, Frank C.; … - 2017
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk …
Persistent link: https://www.econbiz.de/10011615937
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On the effects of linking voluntary cap-and-trade systems for CO2 emissions
Weitzman, Martin L.; Holtsmark, Bjart - 2018
Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...
Persistent link: https://www.econbiz.de/10011968653
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The pricing of green bonds: are financial institutions special?
Fatica, Serena; Panzica, Roberto; Rancan, Michela - 2019
The financial system plays a major role in the transition to a low-carbon economy. We investigate this issue analysing the recent developments and challenges in the bond and debt markets. First, we study the pricing of green bonds at issuance. We find a premium when green bonds are issued by...
Persistent link: https://www.econbiz.de/10012055436
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On the Effects of Linking Voluntary Cap-and-Trade Systems for CO2 Emissions
Weitzman, Martin L.; Holtsmark, Bjart J. - 2018
Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...
Persistent link: https://www.econbiz.de/10011931975
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Mitigation of methane emissions: a rapid and cost-effective response to climate change
Kemfert, Claudia; Schill, Wolf-Peter - 2009
Methane is a major anthropogenic greenhouse gas, second only to carbon dioxide (CO2) in its impact on climate change. Methane (CH4) has a high global warming potential that is 25 times as large as the one of CO2 on a 100 year time horizon according to the latest IPCC report. Thus, CH4...
Persistent link: https://www.econbiz.de/10010271119
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Assessing the implications of a global net-zero transition for developing Asia: Insights from integrated assessment modeling
Emmerling, Johannes; Reis, Lara Aleluia; Drouet, Laurent; … - 2023
This paper uses a global integrated assessment model to assess how developing Asia, the world's fastest-growing source of carbon emissions, could transition to low-carbon growth. It finds that national net-zero pledges do not have a high chance of keeping peak warming below 2êC. Under an...
Persistent link: https://www.econbiz.de/10014549374
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Sustainable investing in times of crisis: Evidence from bond holdings and the COVID-19 pandemic
Fatica, Serena; Panzica, Roberto Calogero - 2021
Using data on institutional investors' bond holdings, we investigate the resilience of green bonds to the COVID-19 shock in a difference-in-differences framework. We find that during the COVID outbreak green bonds experience lower sales, on average, while in normal times no significant...
Persistent link: https://www.econbiz.de/10012873018