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The role of international carbon offsets in a second-best climate policy : a numerical evaluation

De Cian, Enrica; Tavoni, Massimo - 2010

International carbon offsets have been promoted since the Kyoto Protocol and an increasing number of countries have implemented or proposed cap-and-trade schemes with international trading, even though with quantitative or qualitative restrictions. Those limits reflect the trade-off between...

Persistent link: https://www.econbiz.de/10008702840

China in the transition to a low-carbon economy

Zhang, ZhongXiang - 2010 - This version: September, 2009

China, from its own perspective cannot afford to, and from an international perspective, is not allowed to continue on the conventional path of encouraging economic growth at the expense of the environment. The country needs to transform its economy to effectively address concern about a range...

Persistent link: https://www.econbiz.de/10008729037

A numerical analysis of optimal extraction and trade of oil under climate policy

Massetti, Emanuele; Sferra, Fabio - 2010

We introduce endogenous investments for increasing conventional and non-conventional oil extraction capacity in the integrated assessment model WITCH. The international price of oil emerges as the Nash equilibrium of a non-cooperative game. When carbon emissions are not constrained, oil is used...

Persistent link: https://www.econbiz.de/10008737181

A comparative study of selected Asian countries on carbon emissions with respect to different trade and climate changes mitigation policy scenarios

Truong, Truong Phuoc - 2010

Trade, economic development, and climate change issues are closely linked and this has significant implications for the design of climate change policies especially for developing countries. Developing countries regard the objective of economic development and growth as being as important as the...

Persistent link: https://www.econbiz.de/10008738391

Technology transfer in the non-traded sector as a means to combat global warming

Rübbelke, Dirk T. G.; Mukherjee, Vivekananda; Sanyal, Tilak - 2008

The paper considers a situation where two countries - the North and the South - use a non-traded polluting input to produce the goods for final consumption. The North is more efficient in both, production and abatement processes. The study compares the effects of the transfer of abatement...

Persistent link: https://www.econbiz.de/10008796284

Transient temperature response modeling in IAMs : the effects of over simplification on the SCC

Marten, Alex L. - 2011

Integrated Assessment Models (IAMs) couple representations of the natural climate system with models of the global economy to capture interactions that are important for the evaluation of potential climate and energy policies. The U.S. federal government currently uses such models to derive the...

Persistent link: https://www.econbiz.de/10009011845

Transient temperature response modeling in IAMs : the effects of over simplification on the SCC

Marten, Alex L. - 2011

Integrated Assessment Models (IAMs) couple representations of the natural climate system with models of the global economy to evaluate climate and energy policies. Such models are currently used to derive the benefits of carbon mitigation policies through estimates of the social cost of carbon...

Persistent link: https://www.econbiz.de/10009356771

A good opening : the key to make the most of unilateral climate action

Bosetti, Valentina; De Cian, Enrica - 2011

In this paper we argue that when a subgroup of countries cooperate on emission reduction, the optimal response of non-signatory countries reflects the interaction between three potentially opposing factors, the incentive to free-ride on the benefits of cooperation, the incentive to expand the...

Persistent link: https://www.econbiz.de/10009379764

Climate change and industrial policy

Naudé, Wim - 2011

This paper explores the implications of climate change for industrial policy (IP). Five implications are discussed, namely the need for international coordination of IPs; for putting human development, and not emission targets, as the overriding objective of low-carbon IP; of stimulating...

Persistent link: https://www.econbiz.de/10009381960

Risk premia and the social cost of carbon : a review

Kousky, Carolyn; Kopp, Robert E.; Cooke, Roger - 2011

Reducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of … abatement, often do not capture this risk reduction benefit. Risk-averse individuals are willing to pay a risk premium, an … obtained for calculating a risk premium to be included in the social cost of carbon. While more research is needed in this area …

Persistent link: https://www.econbiz.de/10009159729