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We argue that the literature on the green paradox has largely ignored the demand side of the resource market, and that this side of the market may mitigate the size of an emissions increase in response to imperfect climate policies. These claims are informed by recent empirical findings. Our...
Persistent link: https://www.econbiz.de/10013084901
We argue that the literature on the green paradox has largely ignored the demand side of the resource market, and that this side of the market may mitigate the size of an emissions increase in response to imperfect climate policies. These claims are informed by recent empirical findings. Our...
Persistent link: https://www.econbiz.de/10009721992
Recent developments suggest that well-intended climate policies--including carbon taxes and subsidies for renewable energy—might not accomplish what policy makers intend. Hans-Werner Sinn has described a “green paradox,” arguing that these policies could hasten global warming by...
Persistent link: https://www.econbiz.de/10010492807
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
Persistent link: https://www.econbiz.de/10009699839
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