This paper applies principles of adverse selection to overcome obstacles that prevent the implementation of Pigouvian policies to internalize externalities. Focusing on negative externalities from production (such as pollution), we consider settings in which aggregate emissions are known, but...

In 2021, the G7 and South Africa agreed upon the Just Energy Transition Partnership (JETP). This new instrument in interna- tional cooperation should support emerging and developing economies in a just energy transition and in phasing out coal. It is intended to facilitate equal partnerships...

Im Jahr 2021 vereinbarte die G7 mit Südafrika eine Partner schaft für eine gerechte Energiewende (JETP). Dieses - neue - Instrument der internationalen Zusammenarbeit soll Schwellen und Entwicklungsländer bei einer sozialgerechten Energiewende und beim Kohleausstieg unterstützen. Mit diesem...

Spanish abstract: En los últimos años, la lucha contra el cambio climático y por un crecimiento sostenible está ganando protagonismo en la agenda internacional. Reducir las emisiones contaminantes depende de que un número suficientemente amplio de países adopten medidas mitigadoras...

We analyze the relationship between climate-related disasters and sovereign debt crises using a model with capital accumulation, sovereign default, and disaster risk. We find that disaster risk and default risk together lead to slow post-disaster recovery and heightened borrowing costs....

This project analyzes how a principal can motivate an agent to conserve rather than exploit a depletable resource. This dynamic problem is relevant for tropical deforestation as well as for other environmental problems. It is shown that the smaller is the agent's discount factor (e.g., because...

Weitzman, M.L. (2014. Can negotiating a uniform carbon price help to internalize the global warming externality? J. Assoc. Environ. Resour. Econ. 1: 29-49) proposed that focusing international climate negotiations on a uniform common commitment (such as a uniform carbon price) is more effective...

This paper investigates the implications of implementing the Just Energy Transition Partnership (JETP) in South Africa by exploring the factors that are at work when donors and recipients interact with each other. It analyses the JETP using global cooperation theories on climate change and...

On July 14, 2021, the European Commission announced its Fit for 55 package to reach the EU’s climate target of cutting emissions by 55 percent by 2030. A Carbon Border Adjustment Mechanism (CBAM) legislative proposal was introduced as part of this package. The proposal describes the mechanism...

The complexity of integrated assessment models (IAMs) prevents the direct appreciation of the impact of uncertainty on the model predictions. However, for a full understanding and corroboration of model results, analysts might be willing, and ought to identify the model inputs that influence the...