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Integrated assessment of climate catastrophes with endogenous uncertainty : does the risk of ice sheet collapse justify precautionary mitigation?

Diaz, Delavane B. - 2015

climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …

Persistent link: https://www.econbiz.de/10011290817

Supply Side Climate Policy and the Green Paradox

Hoel, Michael - 2013

The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present paper addresses the question of whether there also might be some kind of green paradox related to supply-side policies, i.e. policies that per-manently...

Persistent link: https://www.econbiz.de/10013086981

Mitigating Climate Change : Growth-Friendly Policies to Achieve Net Zero Emissions by 2050

Jaumotte, Florence; Liu, Weifeng; McKibbin, Warwick J. - 2022

Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with carbon pricing only for comparison with the comprehensive...

Persistent link: https://www.econbiz.de/10013306768

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 dropped from 5 to about 2.5. We develop and calibrate an analytic climate-economy model with overlapping generations to study the effect of such demographic change on capital...

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

Clean up your own mess : an experimental study of moral responsibility and efficiency

Jakob, Michael; Kübler, Dorothea; Steckel, Jan Christoph; … - 2016

Although market-based environmental policy instruments feature prominently in economic theory and are widely employed, they often meet with public resistance. We argue that such resistance may be driven by a feeling of moral responsibility where citizens prefer to tackle environmental problems...

Persistent link: https://www.econbiz.de/10011594567

Optimal stabilization in an emission permits market

Gerlagh, Reyer; Wan, Roweno J.R.K - 2018

We develop a 2-period emission trading model for a stock pollutant with demand shocks resolving over time. We find precise conditions for efficiency of a stabilization mechanism where cumulative available permits decrease with excess supply in early periods. Our model describes the stabilization...

Persistent link: https://www.econbiz.de/10011810102

Demand versus supply side climate policies with a carbon dioxide ceiling

Eichner, Thomas; Kollenbach, Gilbert; Schopf, Mark - 2018

Consider a dynamic model with two countries or coalitions that consume and trade fossil fuel. A non-abating country owns the entire fuel stock and is not concerned about climate change, represented by a ceiling on the carbon dioxide concentration. The government of the other country implements...

Persistent link: https://www.econbiz.de/10011821305

Commitment vs. discretion in climate and energy policy

Habermacher, Florian; Lehmann, Paul - 2017

with risk-averse investors show commitment as favorable. …

Persistent link: https://www.econbiz.de/10011611130

Carbon pricing under binding political constraints

Jenkins, Jesse D.; Karplus, Valerie J. - Joint Institute for Strategic Energy Analysis - 2016

The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...

Persistent link: https://www.econbiz.de/10011456178

Regulating stock externalities

Gerlagh, Reyer; Heijmans, Roweno - 2018

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...

Persistent link: https://www.econbiz.de/10011939765