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Decarbonization pathways in developing Asia : evidence from modeling scenarios

Pradhananga, Manisha; Raitzer, David A.; … - 2023

Unless developing Asia decarbonizes its development, global warming is unlikely to stay below the internationally agreed limit of 2°C above preindustrial levels. Integrated assessment modeling offers insights into how a low carbon transition can be achieved. The Sixth Assessment Report of the...

Persistent link: https://www.econbiz.de/10014445931

Climate change mitigation : how effective is green quantitative easing?

Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022

We develop a two-sector incomplete markets integrated assessment model to analyze the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...

Persistent link: https://www.econbiz.de/10013470545

The National Climate Budget and the first Nationally Determined Contribution to the Paris Agreement : to what degree are they aligned?

Monsod, Toby C. - 2022

This paper explores whether and how well the Philippines' Nationally Determined Contribution (NDC) and National Climate Budget (NCB), derived from the national climate change expenditure tagging system (CCET), are aligned. The CCET was operationalized in 2015 to "provide line and oversight...

Persistent link: https://www.econbiz.de/10013438696

Climate damages in convergence-consistent growth projections

Harding, Tony; Moreno Cruz, Juan; Quaas, Martin F.; … - 2023

Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...

Persistent link: https://www.econbiz.de/10014292777

Balancing climate policies and economic development in, the mediterranean countries

Castelli, Chiara; Castellini, Marta; Gusperti, Camilla; … - 2024

The goal of this work is to improve the spatial representation of the Regional Dynamic Integrated model of Climate and the Economy (RICE), in its '99 version, focusing on the Mediterranean countries, while also updating the calibration to the base year 2015. We evaluate the impact of climate...

Persistent link: https://www.econbiz.de/10014583649

Carbon dioxide removal in a global analytic climate economy

Meier, Felix; Rickels, Wilfried; Quaas, Martin F.; … - 2022

Net-zero climate policies foresee deployment of atmospheric carbon dioxide removal wit geo-logical, terrestrial, or marine carbon storage. While terrestrial and geological storage would be governed under the framework of national property rights, marine storage implies that carbon is transferred...

Persistent link: https://www.econbiz.de/10013274278

Climate change mitigation : how effective is green quantitative easing?

Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022

We develop a two sector incomplete markets integrated assessment model to analyze the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...

Persistent link: https://www.econbiz.de/10013281474

Climate change impacts on public finances around the world

Barrage, Lint - 2024

This article reviews a rapidly growing literature on how climatic risks and events affect public finances around the world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical and model-based assessments of how climatic risks affect...

Persistent link: https://www.econbiz.de/10015098614

The low-carbon transition, climate commitments and firm credit risk

Carbone, Sante; Giuzio, Margherita; Kapadia, Sujit; … - 2021

This paper explores how the need to transition to a low-carbon economy influences firm credit risk. It develops a novel … forward-looking emission reduction targets, thereby providing a rich picture of firms' climate-related transition risk … firms' credit risk: credit ratings and the market-implied distance-to-default. High emissions tend to be associated with …

Persistent link: https://www.econbiz.de/10012745324

The low-carbon transition, climate commitments and firm credit risk

Carbone, Sante; Giuzio, Margherita; Kapadia, Sujit; … - 2022

This paper explores how the need to transition to a low-carbon economy influences credit risk. It develops a novel … dataset covering firms' greenhouse gas emissions over time alongside information on strategies for managing transition risk … risk. But disclosing emissions and setting emission reduction targets are associated with lower credit risk, with the …

Persistent link: https://www.econbiz.de/10012816253