Showing 1 - 10 of 295
regressions, controlling for macroeconomic factors such as economic development, GDP growth, urbanisation, as well as the energy …
Persistent link: https://www.econbiz.de/10012799647
We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...
Persistent link: https://www.econbiz.de/10011388236
We characterize the optimal policy and policy instruments for self-enforcing treaties when countries invest in green technology before they pollute. If the discount factor is too small to support the first best, then both emissions and investments will be larger than in the first best, when...
Persistent link: https://www.econbiz.de/10012269530
“Prices versus quantities” (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper’s criterion for ranking policies suggests that technological uncertainty favors taxes over cap and...
Persistent link: https://www.econbiz.de/10011932081
The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon …
Persistent link: https://www.econbiz.de/10010266000
sector, endogenous fertility, directed technical change and fossil/renewable energy. We estimate the world economy is more …
Persistent link: https://www.econbiz.de/10012179785
interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by … directed technical change. Energy supply is subject to increasing extraction costs. The model is consistent with aggregate … evidence on energy use, efficiency, and prices in the United States, as well as the standard balanced growth facts. I use the …
Persistent link: https://www.econbiz.de/10013177614
activity due to increased productivity, and with it energy consumption and its associated environmental consequences like … occupations and industries, to estimate the increase in energy use and carbon dioxide emissions at the industry level and in … aggregate for the US economy. At the industry level, energy use can increase between 0 and 12 PJ per year, while emissions …
Persistent link: https://www.econbiz.de/10015096907
such as economic development, GDP growth, urbanisation and the energy mix. It uses a new index which measures the strength … and development of low-carbon energy technologies, and for the support of the adoption of wind energy and of solar energy … capita in the short run, and of around 1.7% in the long run. An increase by one index point of the wind energy support policy …
Persistent link: https://www.econbiz.de/10014534432
doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to … adjustments on imports of goods; (4) the effectiveness of the latter strategy depends on a low foreign elasticity of energy supply …, which means that forming a taxing coalition to ensure a low foreign elasticity of energy supply can act as a substitute for …
Persistent link: https://www.econbiz.de/10014079652