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We examine the impacts of the EU-US Open Skies agreement on the environment, in particular looking at the effect of the … in emissions. Model simulations show that passenger numbers arriving from the US to the EU will increase by between 1 … percentage increase in global emissions is much smaller (max. 1%) than the increase in cross-Atlantic traffic. In the current …
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The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...
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policy is well-designed, a condition not met by planned EU policy. It is probably twice as expensive as needed, costing one … in ten years of economic growth. The EU targets for 2020 are unlikely to meet the benefit-cost test. For a standard …
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We assess the subsidy for the installation of biomass boilers and wood gasification boilers under the Greener Homes Scheme in Ireland. We find that the (implicit) subsidy per tonne of carbon dioxide avoided varies hugely across households. The current policy costs 17% too much for the emissions...
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Uncertainty plays a significant role in evaluating climate policy, and fattailed uncertainty may dominate policy advice. Should we make our utmost effort to prevent the arbitrarily large impacts of climate change under deep uncertainty? In order to answer to this question we propose an new way...
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