Similar Search Results

An economic anatomy of optimal climate policy

Moreno Cruz, Juan; Wagner, Gernot; Keith, David W. - 2018

mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different …

Persistent link: https://www.econbiz.de/10011853285

Adapting to climate change : an analysis under uncertainty

García-León, David - 2016

light on how the optimal balance between mitigation and adaptation changes under different stochastic scenarios. We find … that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …

Persistent link: https://www.econbiz.de/10011451547

Greenhouse gas mitigation and price-driven growth in a Solow-Swan economy with an environmental limit

Burda, Michael C.; Zessner-Spitzenberg, Leopold - 2024

expanding, resource-intensive mitigation effort. If the rate of technical progress in mitigation is too low, it becomes the …

Persistent link: https://www.econbiz.de/10014464116

Instrument choice and stranded assets in the transition to clean capital

Rozenberg, Julie; Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017 - This version: March 2017

To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...

Persistent link: https://www.econbiz.de/10011662054

Optimal climate policy as if the transition matters

Campiglio, Emanuele; Dietz, Simon; Venmans, Frank - 2022

The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...

Persistent link: https://www.econbiz.de/10013472310

The emission reduction effect and economic impact of an energy tax vs. a carbon tax in China : a dynamic CGE model analysis

Zou, Lele; Xue, Jinjun; Fox, Alan; Meng, Bo; Shibata, … - Institute of Developing Economies, Japan External Trade … - 2015

Chinese government commits to reach its peak carbon emissions before 2030, which requires China to implement new policies. Using a CGE model, this study conducts simulation studies on the functions of an energy tax and a carbon tax and analyzes their effects on macro-economic indices. The...

Persistent link: https://www.econbiz.de/10011268113

Global warming and technical change : multiple steady-states and policy options

Bondarev, Anton; Greiner, Alfred - 2018

In this paper we develop an economic growth model that includes anthropogenic climate change. We include a publicly funded research sector that creates new technologies and simultaneously expands the productivities of existing technologies. The environment is affected by R&D activities both...

Persistent link: https://www.econbiz.de/10011790674

To build or not to build? : capital stocks and climate policy

Baldwin, Elizabeth; Cai, Yongyang; Kuralbaeva, Karlygash Z. - 2018

We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce emissions in the short term: our "irreversibility...

Persistent link: https://www.econbiz.de/10011794242

The macroeconomics of clean energy subsidies

Casey, Gregory; Jeon, Woongchan; Traeger, Christian - 2023

We study clean energy subsidies in a quantitative climate-economy model. Clean energy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the marginal...

Persistent link: https://www.econbiz.de/10014440981

The macroeconomics of clean energy subsidies

Casey, Gregory; Jeon, Woongchan; Traeger, Christian - 2023

We study clean energy subsidies in a quantitative climate-economy model. Clean en-ergy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the...

Persistent link: https://www.econbiz.de/10014444067