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This paper examines the application of quasi-experimental methods in environmental economics. We begin with two observations: (i) standard quasi-experimental methods, first applied in other microeconomic fields, typically assume unit-level treatments that do not spill over across units; (ii)...
Persistent link: https://www.econbiz.de/10014023890
In the wake of the Copenhagen Conference and the outstanding issue of shaping climate change mitigation for the period beyond that covered by the Kyoto protocol, this paper puts into context the various economic instruments available fot tackling climate change, and highlights the emergence, as...
Persistent link: https://www.econbiz.de/10009493428
If emissions are stochastic and firms are unable to control them through abatement, the cap in a permit market may be exceeded, or not be reached. I derive a binary options pricing formula that expresses the permit price as a function of the penalty for noncompliance and the probability of an...
Persistent link: https://www.econbiz.de/10010593861
In the wake of the Copenhagen Conference and the outstanding issue of shaping climate change mitigation for the period beyond that covered by the Kyoto protocol, this paper puts into context the various economic instruments available fot tackling climate change, and highlights the emergence, as...
Persistent link: https://www.econbiz.de/10010708938
that lead to the lack of local official’s cooperation on the environment, and concludes that their cooperation, and strict …
Persistent link: https://www.econbiz.de/10014045283
Methane is a major anthropogenic greenhouse gas, second only to carbon dioxide (CO2) in its impact on climate change. Methane (CH4) has a high global warming potential that is 25 times as large as the one of CO2 on a 100 year time horizon according to the latest IPCC report. Thus, CH4...
Persistent link: https://www.econbiz.de/10014202216
Developing Asia has the world's fastest greenhouse gas emissions growth. This study uses an economy-energy-climate model to assess the effects of Paris Agreement pledges on Asia, in comparison with business as usual (BAU) and more ambitious scenarios. Results confirm that pledges must be...
Persistent link: https://www.econbiz.de/10012966134
Sustainable finance is simply the alignment of the financial system with principles of sustainability. Investments in climate change mitigation and reduction in greenhouse gases emisiions constitute the largest number of sustainable finance investments. A good number of countries have set up...
Persistent link: https://www.econbiz.de/10014238637
of Environment to solve the quagmires of GHG emissions. Having adopted institutional theory and content analysis, the … policy brief advised the Minister of Environment that greenhouse gas (GHG) emissions can heighten the pressure of climate … regulations and intervention. The policy brief recommends to the new Minister of Environment that carbon tax, congestion levy …
Persistent link: https://www.econbiz.de/10014241817
Combining euro-area credit register and carbon emission data, we provide evidence of a climate risk-taking channel in banks' lending policies. Banks charge higher interest rates to firms featuring greater carbon emissions, and lower rates to firms committing to lower emissions, controlling for...
Persistent link: https://www.econbiz.de/10015160646