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We analyze the impact of carbon prices on human capital accumulation, sectoral change, and economic growth. In our framework output is produced with dirty and/or clean technologies using skilled and unskilled labor as inputs. Carbon policy affects technology selection which transmits incentives...
Persistent link: https://www.econbiz.de/10012929038
Carbon pricing is increasingly used by governments to reduce emissions. The effect of carbon pricing on economic outcomes as well as mitigating factors has been studied extensively since the early 1990s. One mitigating factor that has received less attention is education quality. If...
Persistent link: https://www.econbiz.de/10012651427
This study examines the valuation relevance of internal carbon pricing (ICP) using a sample of firms worldwide. We find that ICP is positively associated with the market value of equity. More specifically, we document that, on average, every additional dollar of ICP result in a $0.207 increase...
Persistent link: https://www.econbiz.de/10013214638
Carbon pricing is increasingly used by governments to reduce emissions. The effect of carbon pricing on economic outcomes as well as mitigating factors has been studied extensively since the early 1990s. One mitigating factor that has received less attention is education quality. If...
Persistent link: https://www.econbiz.de/10012648540
Carbon pricing is increasingly used by governments to reduce emissions. The effect of carbon pricing on economic outcomes as well as mitigating factors has been studied extensively since the early 1990s. One mitigating factor that has received less attention is education quality. If...
Persistent link: https://www.econbiz.de/10013323784
The purpose of the current study was to assess energy, economic, and environmental efficiency based on the environmental reforms of the top 10 carbon dioxide (CO2) emitter countries by using the Data Envelopment Analysis (DEA) model from 2013 to 2017 to assess energy pricing and market reforms...
Persistent link: https://www.econbiz.de/10012395667
This article explores the design of Carbon Adjustment Mechanisms based on an analysis of historical data, the existing literature as well as theoretical considerations. In the empirical analysis we quantify territorial emissions as compared to the CO2 footprints for countries within the EU-ETS...
Persistent link: https://www.econbiz.de/10012418703
We analyze the impact of carbon prices on human capital accumulation, sectoral change, and economic growth. In our framework output is produced with dirty and/or clean technologies using skilled and unskilled labor as inputs. Carbon policy affects technology selection which transmits incentives...
Persistent link: https://www.econbiz.de/10011787207
In the absence of a global agreement to reduce emissions, Australia adopted a carbon tax unilaterally to curb its own emissions. During the debate prior to passing the carbon tax legislation in 2011, there were concerns about the challenge that Australia’s emissions-intensive and trade-exposed...
Persistent link: https://www.econbiz.de/10011770398
The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to improve its terms of trade, while the fringe abstains...
Persistent link: https://www.econbiz.de/10012425940