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Price relationships in the EU emissions trading system

Chevallier, Julien - HAL - 2010

developing countries, funding emissions cuts there instead, under a Kyoto Protocol Clean Development Mechanism (CDM). This … Convention on Climate Change (UNFCCC) delivers credits that may be used by European companies for their compliance needs …. Certified Emissions Reductions (CERs) from CDM projects are credits flowing into the global compliance market generated through …

Persistent link: https://www.econbiz.de/10008793807

Driving Factors of Carbon Dioxide Emissions and the Impact from Kyoto Protocol

Grunewald, Nicole; Martínez-Zarzoso, Inmaculada - CESifo - 2009

Mechanism (CDM). The results from this study indicate that the Kyoto obligations have a reducing effect on CO2 emissions in …

Persistent link: https://www.econbiz.de/10005013945

Total Costs and Budgetary Effects of Adaptation to Climate Change: An Assessment for the European Union

Osberghaus, Daniel; Reif, Christiane - CESifo - 2010

Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed and regionalised cost estimates as a basis for cost-benefit-analyses are rare. We compose available cost estimates for adaptation in Europe, and in particular Germany, Finland...

Persistent link: https://www.econbiz.de/10008511596

The Supply Side of CO2 with Country Heterogeneity

Hoel, Michael - CESifo - 2011

Several recent articles have analyzed climate policy giving explicit attention to the non-renewable character of carbon resources. In most of this literature the economy is treated as a single unit, which in the context of climate policy seems reasonable to interpret as the whole world. However,...

Persistent link: https://www.econbiz.de/10008914283

Market Effects of Voluntary Climate Action by Firms: Evidence from the Chicago Climate Exchange

Gans, Will; Hintermann, Beat - CESifo - 2011

Why do for-profit firms take voluntary steps to improve the environment? Brand appeal to green consumers or investors, the ability to influence or avoid regulation, or the experience gained for future regulation, have all been suggested as possible reasons. The empirical evidence is decidedly...

Persistent link: https://www.econbiz.de/10009021238

Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change

Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - CESifo - 2011

This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies under ambiguity. Additionally, numerical simulations are provided to...

Persistent link: https://www.econbiz.de/10009221550

On the Underestimation of the Precautionary Effect in Discounting

Gollier, Christian - CESifo - 2011

Using the extended Ramsey rule, the socially efficient rate is the difference between a wealth effect and a precautionary effect of economic growth. This second effect is increasing in the degree of uncertainty affecting the future. In the literature, it is usually calibrated by estimating the...

Persistent link: https://www.econbiz.de/10009224874

A Characterization of Oil Price Behavior - Evidence from Jump Models

Gronwald, Marc - CESifo - 2011

This paper is concerned with the statistical behavior of oil prices in two ways. It, firstly, applies a combined jump GARCH in order to characterize the behavior of daily, weekly as well as monthly oil prices. Secondly, it relates its empirical results to implications of Hotelling-type resource...

Persistent link: https://www.econbiz.de/10009371347

Building world narratives for climate change impact, adaptation and vulnerability analyses

Hallegatte, Stéphane; Valentin, Przyluski; … - HAL - 2011

The impacts of climate change on human systems depend not only on the level of emissions but also on how inherently vulnerable these systems are to the changing climate. The large uncertainties over future development and structure of societies and economies mean that the assessment of climate...

Persistent link: https://www.econbiz.de/10009372639

ECONOMIC EXPERTISE AND DECISION-MAKING IN CONTROVERSIAL UNIVERSES

Godard, Olivier - HAL - 1996

There are two questions to be considered: a) to which extent the type of framing which may be appropriate for scientific explorations of some issues can also be relevant in a decisionmaking context, in which achieving an agreement among stakeholders is the key problem? b) what is the practical...

Persistent link: https://www.econbiz.de/10009323501