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This paper investigates the optimal timing of greenhouse gas abatement efforts in a multi-sectoral model with economic inertia, each sector having a limited abatement potential. It defines economic inertia as the conjunction of technical inertia -- a social planner chooses investment on...
Persistent link: https://www.econbiz.de/10012557038
The optimal timing, sectoral distribution, and cost of greenhouse gas emission reductions is different when abatement is obtained though abatement expenditures chosen along an abatement cost curve, or through investment in low-carbon capital. In the latter framework, optimal investment costs...
Persistent link: https://www.econbiz.de/10012559451
The optimal timing, sectoral distribution, and cost of greenhouse gas emission reductions is different when abatement is obtained though abatement expenditures chosen along an abatement cost curve, or through investment in low-carbon capital. In the latter framework, optimal investment costs...
Persistent link: https://www.econbiz.de/10012974471
This paper investigates the optimal timing of greenhouse gas abatement efforts in a multi-sectoral model with economic inertia, each sector having a limited abatement potential. It defines economic inertia as the conjunction of technical inertia -- a social planner chooses investment on...
Persistent link: https://www.econbiz.de/10012975084
Output-based allocations (OBAs) are typically used in emission trading schemes to mitigate leakage in sectors at risk. Recent work has shown they may also help to stabilize prices in markets subject to supply and demand shocks. We extend previous work to simultaneously include both leakage and...
Persistent link: https://www.econbiz.de/10012961946
The paper examines the relevant cost benefit framework for public authorities investigating the potential of local projects to mitigate climate change. Because these projects are typically limited in time and space, continuation pathways need be introduced to capture the benefits provided by a...
Persistent link: https://www.econbiz.de/10013291706
Two main approaches have been implemented in regional CO2 markets to address competitiveness and carbon leakage: output based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best policy, given that auctioning with border adjustment...
Persistent link: https://www.econbiz.de/10013315824
The energy transition requires the deployment of risky programs in research and development, the vast majority of which being partially financed by public funding. The recent recovery plans, associated with the pandemic, increased the funds available to finance innovative low carbon projects and...
Persistent link: https://www.econbiz.de/10013312872
Persistent link: https://www.econbiz.de/10014440832
Persistent link: https://www.econbiz.de/10014248242