Showing 1 - 10 of 3,017
Tropical deforestation accounts for almost one-fifth of greenhouse gas emissions worldwide and threatens the world … incentives of local bureaucrats and politicians who enforce forest policy may be critical to understanding tropical deforestation … associated with increased deforestation and with lower prices in local wood markets, consistent with a model of Cournot …
Persistent link: https://www.econbiz.de/10012461241
The world has pledged to protect 30 percent of its land and waters by 2030 to halt the rapid deterioration of critical … ecosystems. We summarize the state of knowledge about the impacts of protected area policies, with a focus on deforestation and … summarize empirical evidence across multiple regions of the world. In most cases, protection has had at most a modest impact on …
Persistent link: https://www.econbiz.de/10014437004
Persistent link: https://www.econbiz.de/10013492864
Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and institutional investors' portfolio adjustments after these...
Persistent link: https://www.econbiz.de/10012480961
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
With few exceptions, economic analyses of "cap-and-trade" permit trading mechanisms for climate change mitigation have been based on first-best scenarios without pre-existing distortions or regulations. The reason is obvious: interactions between permit trading and other regulations will be...
Persistent link: https://www.econbiz.de/10012462547
Cap and trade systems are emerging as the front-running policy choice to address climate change concerns in many countries. One of the apparent attractions of this approach is the ability to achieve hard limits on emissions over a control period. The cost of achieving this certainty on emission...
Persistent link: https://www.econbiz.de/10012463525
This paper provides an exhaustive review of critical issues in the design of climate mitigation policy by pulling together key findings and controversies from diverse literatures on mitigation costs, damage valuation, policy instrument choice, technological innovation, and international climate...
Persistent link: https://www.econbiz.de/10012463627
Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies -- such as increasing ad-valorem taxes on carbon consumption or...
Persistent link: https://www.econbiz.de/10012465195
Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem functioning, biodiversity, capital productivity, and human health. This paper briefly surveys recent research on the economics of climate change, including theoretical insights...
Persistent link: https://www.econbiz.de/10012466748