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Ressourcenanbieters das sogenannte Asset Motiv, das zugleich einen neuen Wirkungskanal von Klimapolitik eröffnet: Über die Umverteilung … von Ressourcenrenten führt Klimapolitik zu einer Anpassung der Anlagetätigkeit, die im Zusammenspiel mit dem Asset Motiv …- und Kapitalmarkt dar und führt damit einen weiteren Wirkungskanal von Klimapolitik in die Literatur ein. Auch ohne …
Persistent link: https://www.econbiz.de/10011741830
We consider a global externality of resource use, with the example of greenhouse gas emissions from fossil fuels. A region concerned about climate change may reduce its fuel deposit offer, reduce fuel consumption, and withdraw investments into global fuel extraction. We study leakage rates and...
Persistent link: https://www.econbiz.de/10011454043
The thesis studies unintended intertemporal reactions of fossil resource supply to climate policies, which often are subsumed under the notion of the green paradox, while taking into account the interrelationship between the resource and the capital market in a general equilibrium framework. Its...
Persistent link: https://www.econbiz.de/10011721753
The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...
Persistent link: https://www.econbiz.de/10014198032
Future market developments determine the fate of fossil fuel carbon currently conserved unilaterally. Dynamic fuel depletion naturally suggests leakage rates approaching 100%. Reasons for lower leakage differ from what limits rates in previous studies. Discounting reduces present-value leakage...
Persistent link: https://www.econbiz.de/10010479912
Persistent link: https://www.econbiz.de/10012658922
The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...
Persistent link: https://www.econbiz.de/10013316241
Persistent link: https://www.econbiz.de/10011443795
Under which conditions unilateral tightening of climate policy causes a weak or strong green paradox or even decreases social welfare has recently been studied by Hoel (2011). Hoel assumes that the costs of extracting fossil fuel are linear in output. We extend his model by allowing for...
Persistent link: https://www.econbiz.de/10010246770
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010375227