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Policies to avert the threat of dangerous climate change focus on stabilizing atmospheric carbon dioxide concentrations by drastically reducing anthropogenic emissions of carbon. Such reductions require limiting the use of fossil fuels-which supply the bulk of energy to economic activity, and...
Persistent link: https://www.econbiz.de/10009432291
This paper argues for introducing the role of capital malleability into the analysis of environmental policies. The issue is explored by means of a theoretical model, a numerical analysis and a computable general equilibrium (CGE) model. Considering the three approaches together is fundamental...
Persistent link: https://www.econbiz.de/10010272461
Wildfires pose a significant risk to the state of California, causing capital stock destruction and broader economic impacts. Many of the most destructive fires have been ignited by electricity infrastructure. To reduce ignition risk, electric utilities have begun a program of Public Safety...
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We develop a stylized two-sector analytical general equilibrium model of regional economic adjustment to widespread long-duration electric power outages. Algebraic solutions highlight the relative importance of costless inherent resilience and deliberate costly investment in backup...
Persistent link: https://www.econbiz.de/10012908554
Assessments of the economic benefits of transportation infrastructure investments are critical to good policy decisions. At present, most such assessments are based of two types of studies: micro-scale studies in the form of cost-benefit analysis (CBA) and macro-scale studies in the form of...
Persistent link: https://www.econbiz.de/10012443887
This paper investigates the potential for developing countries to mitigate greenhouse gas emissions without slowing their expected economic growth. A theoretical frame- work is developed that unifies bottom-up marginal abatement cost curves and partial equilibrium techno-economic simulation...
Persistent link: https://www.econbiz.de/10012968719