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The Economics of Carbon Leakage Mitigation Policies

Ambec, Stefan; Esposito, Federico; Pacelli, Antonia - 2023

Carbon leakage occurs when carbon-priced low-emission domestic products are replaced with high-emissions foreign products. In a trade model with endogenous emissions abatement, we investigate the impact of three policies aimed at mitigating carbon leakage: free emission allowances, Carbon Border...

Persistent link: https://www.econbiz.de/10014261969

Beyond green preferences : alternative pathways to net-zero emissions in the MATRIX model

Rizzati, Massimiliano; Ciola, Emanuele; Turco, Enrico; … - 2024

Green preferences are often regarded as crucial factors in facilitating the energy transition. However, it is unclear if they can alone propel an economy towards achieving a net-zero emissions outcome. In this study, we expand the multi-agent integrated assessment model MATRIX by incorporating...

Persistent link: https://www.econbiz.de/10014478938

Global warming and fat tailed-uncertainty : rethinking the timing and intensity of climate policy/ Yu-Fu Chen & Michael Funke

Chen, Yu-Fu; Funke, Michael - 2012

Persistent link: https://www.econbiz.de/10009620429

Real Options, Risk Aversion and Markets : A Corporate Finance Perspective

Ewald, Christian-Oliver - 2020

We analyze how the presence of financial markets effects the optimal exercise of real options for a risk averse agent … systematic risk on the speed of exercise of the option, but we also show that the effect of idiosyncratic risk can contravene … presence of financial markets and its interplay with risk aversion when exercising real options, as otherwise large financial …

Persistent link: https://www.econbiz.de/10012850828

An integrated CVaR and real options approach to investments in the energy sector

Fortin, Ines; Fuss, Sabine; Hlouskova, Jaroslava; … - 2007

optimization, where the measure of risk is the Conditional Value-at-Risk (CVaR). …

Persistent link: https://www.econbiz.de/10010294022

Quasi-experimental methods in environmental economics : opportunities and challenges

Deschênes, Olivier; Meng, Kyle C. - 2018

This paper examines the application of quasi-experimental methods in environmental economics. We begin with two observations: i) standard quasi-experimental methods, first applied in other microeconomic fields, typically assume unit-level treatments that do not spill over across units; (ii)...

Persistent link: https://www.econbiz.de/10011906389

Do plants freeze upon uncertainty shocks? : conference paper

Mecikovsky, Ariel Matias; Maier, Matthias - 2014 - This version: February 26, 2014, Preliminary and incomplete

of unexpected uncertainty increase, plants reduce their employment size in order to decrease the default risk that arises …

Persistent link: https://www.econbiz.de/10010488510

Carbon pricing under binding political constraints

Jenkins, Jesse D.; Karplus, Valerie J. - Joint Institute for Strategic Energy Analysis - 2016

The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...

Persistent link: https://www.econbiz.de/10011456178

Evaluating the power investment options with uncertainty in climate policy

Yang, Ming; Blyth, William; Bradley, Richard; Bunn, Derek W. - In: Energy economics 30 (2008) 4, pp. 1933-1950

Persistent link: https://www.econbiz.de/10003745347

The effects of environmental taxes and quotas on the optimal timing of emission reductions under Choquet-Brownian uncertainty

Agliardi, Elettra; Sereno, Luigi - 2011

The effects of two environmental policy options for the reduction of pollution emissions, i.e. taxes and non-tradable quotas, are analyzed. In contrast to the prior literature this work endogenously takes into account the level of emissions before and after the adoption of the new environmental...

Persistent link: https://www.econbiz.de/10011734956