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This paper studies how greenhouse gas emissions (GHGe) mitigation policy (i.e., Greenhouse Gas Pollution Pricing Act or GHGPPA) impacts sellers’ and buyers’ behaviors in housing transactions due to these participant’s different reactions to the Act’s effect on housing transactions from...
Persistent link: https://www.econbiz.de/10014254239
This paper proposes a forward-looking metric of transition risk that relates financial performance and incremental carbon costs at the firm level. To this end, we use a consistent dividend discount framework augmented with emission costs of firms and climate scenario projections from four...
Persistent link: https://www.econbiz.de/10015048429
We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates of carbon prices, but gradual resolution of uncertainty...
Persistent link: https://www.econbiz.de/10013226653
We examine the impact of a carbon tax on consumer choices via a large-scale online randomized controlled trial. Higher taxes generally reduce the demand for high-carbon goods. Compared to an import tax, a carbon tax reduces demand when the tax is zero (i.e., announced but not levied) but shows...
Persistent link: https://www.econbiz.de/10015075061
This paper aims to analyse Indonesia’s new law of carbon pricing namely Presidential Regulation Number 98 Year 2021 on … Carbon Economic Value. The Presidential Regulation is analyzed based on the legal framework for hierarchy in Law Number 12 … Year 2011on the Formation of Legislation. This paper found that even though this regulation has fulfilled all the …
Persistent link: https://www.econbiz.de/10014262960
This report estimates the CO2 emissions of freight transport on a hypothetical high-speed rail (HSR) line along the northern route, from Lyon to Warsaw, of a 'European Silk Road' (ESR). Using a methodology consisting of predictions regarding the freight-carrying capacity of the future HSR, and...
Persistent link: https://www.econbiz.de/10014343066
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A tax on fuel combined with tax exemptions or subsidies for fuel-efficient vehicles is implemented in many countries to fulfill the Paris agreement and to curb mileage-related externalities from road traffic. The present study shows that a tax on fuel should be combined with heavier taxation of...
Persistent link: https://www.econbiz.de/10012491831