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Climate transition risks and the energy sector

Acharya, Viral V.; Giglio, Stefano; Pastore, Stefano; … - 2025

We build a general equilibrium model to study how climate transition risks affect energy prices and the valuations of … non-electrifiable sectors of the economy. We analyze three sources of climate transition risk: (i) changes in the … capacity. We show that the different transition risk—and, importantly, uncertainty about their realizations—have distinct …

Persistent link: https://www.econbiz.de/10015191589

Global demographic change and climate policies

Gerlagh, Reyer; Jaimes, Richard; Motavasseli, Ali - 2017

Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate …

Persistent link: https://www.econbiz.de/10011717212

Will the centralisation of carbon pricing revenue in the EU lead to laxer climate policy?

Fuest, Clemens; Meier, Volker - 2021

emission certificate regulation, and we consider the impact of changes in EU climate policy on the rest of the world as well as …

Persistent link: https://www.econbiz.de/10012494875

Energy efficiency dynamics and climate policy

Casey, Gregory; Gao, Yang - 2024

energy efficiency responds to energy price shocks. Standard climate-economy models cannot replicate the slow transition …

Persistent link: https://www.econbiz.de/10015051742

Diversifying and benchmarking Madagascar

Thorvaldur Gylfason; Nganou, Jean-Pascal Nguessa - 2024

Because excessive specialization can be risky, diversification matters for sustainable development. A case study of Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of production possibilities to illuminate the possible...

Persistent link: https://www.econbiz.de/10015048370

Economic analysis, sustainability and environmental commons

Musu, Ignazio - 2013

When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...

Persistent link: https://www.econbiz.de/10010223360

Carbon prices for the next hundred years

Gerlagh, Reyer; Liski, Matti - 2014

World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate …

Persistent link: https://www.econbiz.de/10010250040

The social cost of carbon and inequality : when local redistribution shapes global carbon prices

Kornek, Ulrike; Klenert, David; Edenhofer, Ottmar; … - 2019

The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...

Persistent link: https://www.econbiz.de/10012002880

Effects of carbon pricing and other climate policies on CO2 emissions

Kohlscheen, Emanuel; Moessner, Richhild; Takáts, Előd - 2021

We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...

Persistent link: https://www.econbiz.de/10012643539

Optimal unilateral carbon policy

Kortum, Samuel; Weisbach, David A. - 2021

the world imposes a climate policy and the rest of the world does not. A climate policy in one region shifts activities …

Persistent link: https://www.econbiz.de/10012668790