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Bushnell, James B. - 2010

Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The...

Persistent link: https://www.econbiz.de/10012462352

Contracting for Impure Public Goods : Carbon Offsets and Additionality

Mason, Charles - 2011

Governments contracting with private agents for the provision of an impure public good must contend with agents who would potentially supply the good absent any payments. This additionality problem is centrally important to the use of carbon offsets to mitigate climate change. We analyze optimal...

Persistent link: https://www.econbiz.de/10012461694

Quantifying Climate Change Loss and Damage Consistent with a Social Cost of Greenhouse Gases

Burke, Marshall; Zahid, Mustafa; Diffenbaugh, Noah; … - National Bureau of Economic Research - 2023

Climate change is generating demonstrable harm around the world. Political and legal efforts have sought to associate climate impacts with specific emissions, including in recent international policy discussion of Loss and Damage (L&D). However, no quantitative definition of L&D exists, nor does...

Persistent link: https://www.econbiz.de/10014372415

Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies

Nordhaus, William D. - 2016

Climate change remains one of the major international environmental challenges facing nations. Up to now, nations have to date adopted minimal policies to slow climate change. Moreover, there has been no major improvement in emissions trends as of the latest data. The current study uses the...

Persistent link: https://www.econbiz.de/10012455747

On a World Climate Assembly and the Social Cost of Carbon

Weitzman, Martin - 2016

This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a single worldwide price on carbon emissions via the basic democratic principle of one-person one-vote majority rule. If this WCA framework can be accepted in the first place,...

Persistent link: https://www.econbiz.de/10012455867

Will the Paris Accord Accelerate Climate Change?

Kotlikoff, Laurence J. - 2016

Finally we question the standard use of infinitely-lived, single-agent models, which assume, unrealistically, intergenerational altruism in determining optimal abatement policy. Their prescriptions can differ, potentially dramatically, from those needed to correct the negative climate...

Persistent link: https://www.econbiz.de/10012455949

International Climate Agreements and the Scream of Greta

Maggi, Giovanni; Staiger, Robert W. - National Bureau of Economic Research - 2022

Current policies directed at mitigating global warming appear unlikely to prevent temperatures from rising to levels that would trigger a precipitous increase in the costs of climate change. Various attempts at international cooperation to avoid this outcome have failed. Why is this problem so...

Persistent link: https://www.econbiz.de/10013462728

The IPCC Shared Socioeconomic Pathways (SSPs) : Explained, Evaluated, Replaced

Welch, Ivo - National Bureau of Economic Research - 2024

Shared socioeconomic pathways (SSPs) are perhaps the most influential economic policy analyses today. My paper evaluates their development, natural associations, logical consequences, and economic identification. All five SSP baseline scenarios are predicting scenarios that historical...

Persistent link: https://www.econbiz.de/10014512032

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

A Supply Curve for Forest-Based CO₂ Removal

Franklin, Sergio Luis; Pindyck, Robert S. - National Bureau of Economic Research - 2024

Forestation is viewed as an important means of removing CO₂ from the atmosphere and thereby reducing net CO₂ emissions. But how much CO₂ can be removed, and at what cost? Focusing on forested and forestable areas in South America, and using spatially disaggregated data, we estimate a...

Persistent link: https://www.econbiz.de/10014512061

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