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Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...
Persistent link: https://www.econbiz.de/10011290817
third place in the world. The reason selecting Makassar City as a study region is that there is an enough forest in …
Persistent link: https://www.econbiz.de/10011483125
We couple a one-dimensional energy balance climate model with heat transportation across latitudes, with an economic growth model. We derive temperature and damage distributions across locations and optimal taxes on fossil fuels which, in contrast to zero-dimensional Integrated Assessment...
Persistent link: https://www.econbiz.de/10013107899
In building a governance regime to address climate change, should we prioritize the development of global institutions or national ones? This paper adds insight to the issue of how much international coordination on climate governance is optimal by focusing on two neglected characteristics of...
Persistent link: https://www.econbiz.de/10013039106
of climate change policies across the world. I postulate that individualistic societies are endowed with a better … tested using data for a world sample of up to 92 countries. To achieve causal inference, I isolate exogenous sources of … for unobserved country-specific factors, I perform subnational analyses using data from the World Values Survey. The …
Persistent link: https://www.econbiz.de/10012840385
We explore how and by how much the values of elasticities of substitution affect estimates of the cost of emissions reduction policies in computable general equilibrium (CGE) models. We use G-Cubed, an intertemporal CGE model, to carry out a sensitivity and factor decomposition analysis. Average...
Persistent link: https://www.econbiz.de/10013056907
The COVID-19 crisis comes at a complex moment for European climate policy as it pivots from a 40% 2030 emissions reduction target to a European Green Deal that is in better alignment with long-term Paris Agreement goals. Here, the implications of the dramatic fall in economic output associated...
Persistent link: https://www.econbiz.de/10012221290
. We examine three conceptually distinct pathways for that influence: his personal participation in the policy world; his …
Persistent link: https://www.econbiz.de/10012270593
and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial …
Persistent link: https://www.econbiz.de/10011721629
We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce emissions in the short term: our "irreversibility...
Persistent link: https://www.econbiz.de/10011794242