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Expectations and Adaptation to Environmental Risks

Shrader, Jeffrey - 2020

Climate change is projected to severely damage the global economy. Adaptation in response to a changing climate will affect how much damage ultimately occurs. This paper introduces a method for estimating forward-looking adaptation based on differences in responses to forecasts and realizations...

Persistent link: https://www.econbiz.de/10012851890

Carbon Risk

Görgen, Maximilian - 2020

We investigate carbon risk in global equity prices. We develop a measure of carbon risk using industry standard databases and study return differences between brown and green firms. We observe two opposing effects: Brown firms are associated with higher average returns, while decreases in the...

Persistent link: https://www.econbiz.de/10012854556

Can Governments Ban Materials with Large Carbon Footprint? Legal and Administrative Assessment of Product Carbon Requirements

Gerres, Timo - 2019

This paper explores whether governments can ban carbon-intensive materials through product carbon requirements. By setting near-zero emission limits for the production of materials to be sold within a jurisdiction, governments would accelerate the phase out of carbon-intensive production...

Persistent link: https://www.econbiz.de/10012857953

Does Access to Health Care Mitigate Environmental Damages?

Mullins, Jamie - 2019

Differential access to health care is commonly cited as a source of heterogeneity in the health effects of environmental exposure, yet little causal evidence exists to support such claims. We test this hypothesis by utilizing exogenous variation in both access to health care and environmental...

Persistent link: https://www.econbiz.de/10012859768

Growth and Mitigation Policies With Uncertain Climate Damage

Bretschger, Lucas - 2014

subsequently extend the baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects …

Persistent link: https://www.econbiz.de/10013048705

Endogenous Growth, Convexity of Damages and Climate Risk : How Nordhaus' Framework Supports Deep Cuts in Carbon Emissions

Dietz, Simon - 2014

'To slow or not to slow' (Nordhaus, 1991) was the first economic appraisal of greenhouse gas emissions abatement and founded a large literature on a topic of great, worldwide importance. In this paper we o ffer our assessment of the original article and trace its legacy, in particular Nordhaus'...

Persistent link: https://www.econbiz.de/10013050340

Comparing Emission Mitigation Effort

Aldy, Joseph E. - 2015

A natural outcome of the emerging pledge and review approach to international climate change policy is interest in comparing mitigation effort among countries. Domestic publics and stakeholders will have an interest in knowing if peer countries are undertaking (or planning to undertake)...

Persistent link: https://www.econbiz.de/10013020538

Migration and Environment

Millock, Katrin - 2015

, models grounded in environmental economics of pollution externalities with free factor mobility, or the new economics of …

Persistent link: https://www.econbiz.de/10013023947

Inequality and the Social Cost of Carbon

Anthoff, David - 2016

This paper presents a novel way to disentangle inequality aversion over time from inequality aversion between regions in the computation of the Social Cost of Carbon. Our approach nests a standard efficiency based Social Cost of Carbon estimate and an equity weighted Social Cost of Carbon...

Persistent link: https://www.econbiz.de/10012985451

Self-Enforcing Intergenerational Social Contract as a Source of Pareto Improvement and Pollution Mitigation

Dao, Thang Nguyen - 2016

income in pollution mitigation in exchange for a transfer to their old-age capital income paid by the next generation. We … bargaining leads to a steady state with lower pollution stock and higher income compared to the steady state without a contract … improving mitigation is no longer possible and the economy converges to a steady state with high pollution stock and low income …

Persistent link: https://www.econbiz.de/10012989035