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A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its...
Persistent link: https://www.econbiz.de/10013119468
has given rise to unprecedented environmental pollution and CO2 emissions. While estimates of the embedded CO2 emissions …
Persistent link: https://www.econbiz.de/10013092142
Drawing upon climate change damage functions previously proposed in the literature that we have calibrated to a common level of damages at 2.5 C, we examine the effect upon the social cost of carbon (SCC) of varying the specification of damages in a DICE-like integrated assessment model. In the...
Persistent link: https://www.econbiz.de/10013066991
Anticipated and unilateral climate policies are ineffective when fossil fuel owners respond by shifting supply intertemporally (the green paradox) or spatially (carbon leakage). These mechanisms rely crucially on the exhaustibility of fossil fuels. We analyze the effect of anticipated and...
Persistent link: https://www.econbiz.de/10013067762
Several pollution control regimes, including climate change policies, allow polluters in one sector subject to an … emissions cap to offset excessive emissions in that sector with pollution abatement in another sector. The government may often … may increase pollution abatement and reduce illegal pollution, even if the government has a fixed enforcement budget. We …
Persistent link: https://www.econbiz.de/10013069284
We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non-cooperative game in which an environmental event impacts the renewability and the quality of the resource, we show that the anticipation of such an event has an ambiguous effect on...
Persistent link: https://www.econbiz.de/10013070501
One way of reducing carbon emissions is to reduce carbon emissions from consumption. Quantitative information about these emissions helps to better understand the reduction potential. This article aims to provide carbon footprint data for students of the University of Applied Science in...
Persistent link: https://www.econbiz.de/10012963291
Among technological options to mitigate greenhouse gas (GHG) emissions, Carbon Capture and Storage technology (CCS) seems particularly promising. This technology allows to keep on extracting polluting fossil fuels without drastically increasing CO2 atmospheric concentration. We examine here a...
Persistent link: https://www.econbiz.de/10013038206
Why do damages from changes in environmental quality differ across and within countries? Causal investigation of this question has been challenging because differences may stem from heterogeneity in cumulative exposure or differences in socioeconomic factors such as income. We revisit the...
Persistent link: https://www.econbiz.de/10012833875
interaction, while first period pollution decreases regardless of the future government's identity. If the incumbent government …
Persistent link: https://www.econbiz.de/10012835087