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, through the lenses of a paradigm shift and transition pathways, how the Association of Southeast Asian Nations (ASEAN …) grouping might advance its own energy trilemma through greater energy cooperation. We provide evidence that ASEAN has lagged … an energy policy for ASEAN should explicitly pursue a dual transition pathway strategy to yield the best outcome in terms …
Persistent link: https://www.econbiz.de/10012433362
We study resource extraction by a non-renewable resource supplier who faces demand from two regions, one of which employs a tax on the imported resource and a subsidy on the available backstop technology, and one that has no environmental policy in place. The resource extraction path possibly...
Persistent link: https://www.econbiz.de/10011431423
Persistent link: https://www.econbiz.de/10011484865
This paper shifts the perspective of the recent green paradox literature towards the demand side. Based on a simple model, I show that a subsidy on input factors in a Cobb-Douglas production function may contribute substantially to postponing resource extraction into the future and, thereby, to...
Persistent link: https://www.econbiz.de/10011529800
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
Persistent link: https://www.econbiz.de/10012041543
The paper collects comprehensive and detailed data on what 40 OECD and G20 economies do with the revenues from carbon taxes, emissions trading systems, and excise taxes on energy use. It notes that constraints – which can take the form of political commitments or legal earmarks – on revenue...
Persistent link: https://www.econbiz.de/10012135991
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012002880
Avoiding unmanageable climate change implies that global greenhouse gas emissions must be reduced rapidly. A significant body of literature shows that policy instruments such as carbon prices can make an important contribution to this goal. In contrast, changes in preferences or values are...
Persistent link: https://www.econbiz.de/10011942822
Carbon taxes are advocated as efficient fiscal and environmental policies, but they have proven difficult to implement. One reason is that carbon taxes can aggravate poverty by increasing prices of basic goods and services such as food, heating, and commuting. Meanwhile, cash transfer programs...
Persistent link: https://www.econbiz.de/10012106911