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Externalities in risky resource markets : optimal taxes, leakage and divestment : presented at CESifo Area Conference on Energy and Climate Economics, October 2015

Habermacher, Florian - 2016

We consider a global externality of resource use, with the example of greenhouse gas emissions from fossil fuels. A region concerned about climate change may reduce its fuel deposit offer, reduce fuel consumption, and withdraw investments into global fuel extraction. We study leakage rates and...

Persistent link: https://www.econbiz.de/10011454043

Environmental and economic impact of carbon credit in Makassar City in Indonesia

Miyata, Yuzuru; Shibusawa, Hiroyuki; Fukuda, Takahide - 2015

Economic measures are advanced to environmental problems in EU nations. The economic approach imposes a constant economic load on activities negatively affecting the environment, and it is also a technique for giving a constant profit for activities conserving the environment. The whole society...

Persistent link: https://www.econbiz.de/10011483125

Climate feedbacks in DICE-2013R : modeling and empirical results

Wirths, Heiko; Rathmann, Joachim; Michaelis, Peter - 2016

Climate feedback mechanisms that have the potential to intensify global warming have been omitted almost completely in the integrated assessment of climate change and the economy so far. With the present paper we try to narrow this gap in literature. We discuss different types of feedback...

Persistent link: https://www.econbiz.de/10011517428

Climate policy enhances efficiency : a macroeconomic portfolio effect

Siegmeier, Jan; Mattauch, Linus; Edenhofer, Ottmar - 2015

Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...

Persistent link: https://www.econbiz.de/10010472696

Climate policies in a fossil fuel producing country : demand versus supply side policies

Fæhn, Taran; Hagem, Cathrine; Lindholt, Lars; Mæland, … - 2014

In absence of joint global climate action, several jurisdictions unilaterally restrict their domestic demand for fossil fuels. Another policy option for fossil fuel producing countries, not much explored, is to reduce own supply of fossil fuels. We explore analytically and numerically how...

Persistent link: https://www.econbiz.de/10010458581

Optimal carbon abatement in a stochastic equilibrium model with climate change

Hambel, Christoph; Kraft, Holger; Schwartz, Eduardo S. - 2015

the risk that temperatures might explode and economic growth decreases significantly. …

Persistent link: https://www.econbiz.de/10010495010

Risk premia and the social cost of carbon : a review

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

risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon … dioxide abatement, often do not capture this risk reduction benefit. Risk-averse individuals are willing to pay a risk premium … estimates obtained for calculating a risk premium to be included in the social cost of carbon. While more research is needed in …

Persistent link: https://www.econbiz.de/10009520355

Climate change policy under polar amplification

Brock, William A.; Xepapadeas, Anastasios - 2016

Polar amplification is an established scientific fact which has been associated with the surface albedo feedback and to heat and moisture transport from the Equator to the Poles. In this paper we unify a two-box climate model, which allows for heat and moisture transport from the southern region...

Persistent link: https://www.econbiz.de/10011451652

Improving land-use modelling within CGE to assess forest-based mitigation potential and costs

Michetti, Melania; Parrado, Ramiro - 2012

We present a computable general equilibrium model properly modified to analyse the potential role of the European forestry sector within climate mitigation. Improvements on database and modelling frameworks allow accounting for land heterogeneity across and within regions and for land transfers...

Persistent link: https://www.econbiz.de/10009535542

A Tale of Two Countries : Emissions Scenarios for China and India

Massetti, Emanuele - 2011

The aim of the paper is to present evidence that China and India are, and will remain, two very different actors in international negotiations to control global warming. We base our conclusions on historical data and on scenarios until 2050. The Business-as-Usual scenario (BaU) is compared to...

Persistent link: https://www.econbiz.de/10013128326