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While there is widespread agreement that climate change has negative implications for the enjoyment of human rights, it remains unclear in what circumstances State action associated with climate change amounts to a human rights violation. To unpack this question, this chapter analyses how the...
Persistent link: https://www.econbiz.de/10012963532
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
This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...
Persistent link: https://www.econbiz.de/10013159926
Interest rates are central determinants of saving and investment decisions. Costly financial intermediation distort these price signals by creating a spread between the interest rates on deposits and loans with substantial effects on the supply of funds and the demand for credit. This study...
Persistent link: https://www.econbiz.de/10012835576
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
global welfare. In a counterfactual world without non-OPEC oil, global welfare would be 13 trillion US$ higher, 10 trillion …
Persistent link: https://www.econbiz.de/10012844731
This paper analyzes the extensive and intensive margins of participation in the Carbon Disclosure Project by the Global 500. Empirical results based on the Double Hurdle model suggest that the existence of a senior manager with direct responsibility for climate change is associated with higher...
Persistent link: https://www.econbiz.de/10012954975
We argue that a global carbon price is the only way to effectively tackle free riding in international climate policy, required to substantially reduce greenhouse gas emissions. We briefly review the main reasons behind the essential role of carbon pricing, address common misunderstandings and...
Persistent link: https://www.econbiz.de/10012910164
The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climatechange and the appropriate mitigation policy. We extend such a model to include optimalpolicies for mitigation, adaptation and infrastructure investment studying the dynamics of thetransition to a low...
Persistent link: https://www.econbiz.de/10012895108
We present an extended integrated assessment model (IAM) that optimizes climate financing policies over multiple phases of discrete policy action. We build on Semmler et al. (2018) which develops a single-phase model of the optimal allocation of infrastructure expenditure to carbon-neutral...
Persistent link: https://www.econbiz.de/10012896965