It is expected that binding biophysical constraints have the potential to slow growth and impede the improvement of other key macroeconomic variables. Using a DYNK (Dynamic New Keynesian) model of the EU27, we study two different environmental policy options and evaluate their impact on...

Developing Asia is the driver of today's emissions intensive global economy. As the principle source of future emissions, the region is critical to the task of global climate change mitigation. Reflecting this global reality and a range of related domestic issues, the governments of the People's...

This paper provides a review of the literature on competitiveness and leakage concerns associated with differentiated climate abatement commitments among countries. The literature reviewed is not exhausted, but it is sufficient to provide a balanced view of both academics and policy circles....

Recently Acemolgu, Aghion, Bursztyn and Hemous (AER 2012) formulated a model in which a high macroeconomic elasticity of substitution between clean and dirty production represents a crucial condition for green growth. Until now it has never been systematically estimated. Using a novel panel of...

We develop a theoretical model of directed technical change in which clean (zero emissions) and dirty (emissions-intensive) technologies are embodied in long-lived capital. We show how obsolescence costs generated by technological embodiment create inertia in a transition to clean growth....

Computable general equilibrium (CGE) models are widely used to analyse macroeconomic and sectoral effects of climate policies. Developing new and improving existing carbon-free energy technologies will be crucial to limit the long-term economic costs of mitigation policies. Such technologies are...

Goal-oriented transformative change processes - that is, system-transforming processes that are guided by the ambition to resolve current or expected future societal challenges of various kinds - can only start once possible goals are considered by key stakeholders and the relevant actors are...

Portuguese Abstract: Os efeitos das mudanças climáticas e os impactos negativos socioambientais da limitação e escassez de recursos naturais são preocupações cada vez mais evidentes e cotidianas no cenário global. A rápida aproximação de catástrofes ambientais ao cotidiano global e...

A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...

Spanish Abstract: La heterogeniedad entre las acciones ambientales de los países es uno de los más grandes desafíos sociales y económicos globales. Este trabajo construye un modelo de comercio internacional de dos países y dos sectores simétricos (Sucio y Limpio) con cambio tecnológico...