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Gersbach, Hans - 2015

We propose a development-compatible refunding system designed to mitigate climate change. Industrial countries pay an initial fee into a global fund. Each country chooses its national carbon tax. Part of the global fund is refunded to developing and industrial countries, in proportion to the...

Persistent link: https://www.econbiz.de/10013039305

Evaluation of Long-Dated Investments Under Uncertain Growth Trend, Volatility and Catastrophes

Gollier, Christian - 2021

Because of the uncertainty about how to model the growth process of our economy, there is still much confusion about which discount rates should be used to evaluate actions having long-lasting impacts, as in the contexts of climate change, social security reforms or large public infrastructures...

Persistent link: https://www.econbiz.de/10013315817

Climate Change Mitigation Strategies in Fast-Growing Countries : The Benefits of Early Action

Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2021

investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …. This is especially relevant for China, whose recent and foreseeable trends of investments in innovation are consistent with …

Persistent link: https://www.econbiz.de/10013316333

What Should We Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D

Bosetti, Valentina - 2013

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …

Persistent link: https://www.econbiz.de/10013094894

Human Capital Formation and Global Warming Mitigation : Evidence from an Integrated Assessment Model

Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo - 2021

and it assesses the interplay between innovation, human capital, climate change, and education policies. Results indicate …

Persistent link: https://www.econbiz.de/10013316280

Multi-Pollutant Point-Nonpoint Trading with Participation Decisions : The Role of Transaction Costs

Reeling, Carson - 2018

High transaction costs and thin participation plague water quality trading and prevent markets from delivering expected efficiency gains. Point sources generate a single pollutant, while nonpoint sources generate multiple, complementary pollutants. We develop a dynamic search model of...

Persistent link: https://www.econbiz.de/10012911045

An Economic Anatomy of Optimal Climate Policy

Moreno-Cruz, Juan - 2018

This paper introduces geoengineering into an optimal control model of climate change economics. Together with mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different characteristics have important implications for climate...

Persistent link: https://www.econbiz.de/10012915191

Non-Cooperative and Cooperative Climate Policies with Anticipated Breakthrough Technology

Jaakkola, Niko - 2018

Global warming can be curbed by pricing carbon emissions and thus substituting fossil fuel with renewable energy consumption. Breakthrough technologies (e.g., fusion energy) can reduce the cost of such policies. However, the chance of such a technology coming to market depends on investment. We...

Persistent link: https://www.econbiz.de/10012917020

Limit Pricing, Climate Policies, and Imperfect Substitution

van der Meijden, Gerard - 2016

The effects of climate policies are often studied under the assumption of perfectly competitive markets for fossil fuels. In this paper, we allow for monopolistic fossil fuel supply. We show that, if fossil and renewable energy sources are perfect substitutes, a phase will exist during which the...

Persistent link: https://www.econbiz.de/10012977559

Commitment vs. Discretion in Climate and Energy Policy

Habermacher, Florian - 2017

To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...

Persistent link: https://www.econbiz.de/10012960475