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The social cost of carbon with intragenerational inequality under economic uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022

A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...

Persistent link: https://www.econbiz.de/10013206181

Asset diversification versus climate action

Hambel, Christoph; Kraft, Holger; Ploeg, Frederick van der - 2020

Asset pricing and climate policy are analyzed in a global economy where consumption goods are produced by both a green and a carbon-intensive sector. We allow for endogenous growth and three types of damages from global warming. It is shown that, initially, the desire to diversify assets...

Persistent link: https://www.econbiz.de/10012258563

Discounting and climate policy

Ploeg, Frederick van der - 2020

. Uncertainty about the future rate of growth of the economy and emissions and the risk of macroeconomic disasters (tail risks) also …

Persistent link: https://www.econbiz.de/10012249287

Saving Alberta's resource revenues : role of intergenerational and liquidity funds

Bremer, Ton S. van den; Ploeg, Frederick van der - 2016

We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation,...

Persistent link: https://www.econbiz.de/10011541123

Simple rules for climate policy and integrated assessment

Ploeg, Frederick van der; Rezai, Armon - 2018

A simple integrated assessment framework that gives rules for the optimal carbon price, transition to the carbon-free era and stranded carbon assets is presented, which highlights the ethical, economic, geophysical and political drivers of optimal climate policy. For the ethics we discuss the...

Persistent link: https://www.econbiz.de/10011897776

Aggressive oil extraction and precautionary saving : coping with volatility

Ploeg, Frederick van der - 2010

less government saving, but less so if uncertainty about reserves and oil demand are positively correlated. -- Hotelling …

Persistent link: https://www.econbiz.de/10003966514

Breakthrough renewables and the green paradox

Ploeg, Frederick van der - 2012

uncertain point in the future if demand is isoelastic and variable extraction costs are zero but upfront exploration investment … costs have to be made. Not the arrival of this substitute matters for efficiency, but the uncertainty about the timing of … breakthrough, but more oil is left in situ as exploration investment will be lower. The latter offsets the Green Paradox …

Persistent link: https://www.econbiz.de/10009665356

Rolling back the public sector : differential effects on employment, investment and growth

Ploeg, Frederick van der - 2003

The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the … cutting public spending on private goods induce an investment boom. Making the tax system less progressive by cutting tax … credits and the income tax rate induces an investment boom as well. The effects of endogenous growth, adjustment costs for …

Persistent link: https://www.econbiz.de/10011506465

The social cost of carbon with intragenerational inequality and economic uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2023

Persistent link: https://www.econbiz.de/10013502598

Overcoming salience bias : how real-time feedback fosters resource conservation

Götte, Lorenz; Tiefenbeck, Verena; Degen, Kathrin; … - 2016

Persistent link: https://www.econbiz.de/10011544429