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The Social Cost of Carbon and the Ramsey Rule
Withagen, Cees - 2019
The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...
Persistent link: https://www.econbiz.de/10012892228
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Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package
Aune, Finn Roar - 2019
In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European … Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …
Persistent link: https://www.econbiz.de/10012892222
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Is Western European Agriculture Resilient to High Temperatures?
Massetti, Emanuele - 2019
We estimate a Ricardian model of Western European agricultural land values using farm-level data. We model the effect of temperature on land values using a flexible specification of daily mean temperature to test if there are temperature threshold effects. Results indicate that there are no...
Persistent link: https://www.econbiz.de/10012892286
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The Green Industrial Revolution – Investment Pathways to Decarbonize the Industrial Sector in Europe
Zimmer, Markus; Hoffmann, Patrick - 2023
is invested in the EU. The largest single sector investments for the EU countries are required in the pulp & paper …
Persistent link: https://www.econbiz.de/10014347826
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Europe Beyond Coal - An Economic and Climate Impact Assessment
Böhringer, Christoph - 2020
already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be … welfare effects across EU member states. For Germany, coal phaseout combined with unilateral cancellation of allowances is …
Persistent link: https://www.econbiz.de/10012828789
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Climate Change and Migration : The Case of Africa
Conte, Bruno - 2022
trade are powerful adaptation mechanisms. Reducing migration barriers to the European Union (EU) standards eliminates the …. Also reducing trade frictions to the EU levels attenuates this cost and makes SSA better off on aggregate and …
Persistent link: https://www.econbiz.de/10014076702
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Philosphers and Economists Can Agree on the Intergenerational Discount Rate and Climate Policy Paths
Nesje, Frikk; Drupp, Moritz A.; Freeman, Mark C.; Groom, Ben - 2022
The estimated values to society from long-term public projects, including climate change mitigation and infrastructure construction, are highly sensitive to the social discount rate (SDR) employed. Governmental guidance on social discounting has predominantly been based on input from expert...
Persistent link: https://www.econbiz.de/10014077004
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A Meta-Analysis of the Total Economic Impact of Climate Change
Tol, Richard S. J. - 2022
Earlier meta-analyses of the economic impact of climate change are updated with more data, with three new results: (1) The central estimate of the economic impact of global warming is always negative. (2) The confidence interval about the estimates is much wider. (3) Elicitation methods are most...
Persistent link: https://www.econbiz.de/10014077186
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The Interactions of Social Norms About Climate Change : Science, Institutions and Economics
Cabrales, Antonio; García, Manu; Ramos Muñoz, David; … - 2022
We study the evolution of interest about climate change between different actors of the population, and how the interest of those actors affect one another. We first document the evolution individually, and then provide a model of cross influences between them, that we then estimate with a VAR....
Persistent link: https://www.econbiz.de/10014077330
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Trade, Leakage, and the Design of a Carbon Tax
Weisbach, David A.; Kortum, Samuel; Wang, Michael Y.; … - 2022
Climate policies vary widely across countries, with some countries imposing stringent emissions policies and others doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to places with few or no emissions restrictions, an effect...
Persistent link: https://www.econbiz.de/10014079652