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Carbon Capture and Storage & the Optimal Path of the Carbon Tax
Lontzek, Thomas S.; Rickels, Wilfried - Institut für Weltwirtschaft (IfW) - 2008
In the presence of rising carbon concentrations more attention should be given to the role of the oceans as a sink for atmospheric carbon. We do so by setting up a simple dynamic global carbon cycle model with two reservoirs containing atmosphere and two ocean layers. The net flux between these...
Persistent link: https://www.econbiz.de/10005755166
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Carbon capture and storage & the optimal path of the carbon tax
Lontzek, Thomas (contributor); Rickels, Wilfried (contributor) - 2008
declining ability of the deep ocean to absorb atmospheric carbon. -- Exhaustible resource ; CCS ; ocean sinks ; ocean …
Persistent link: https://www.econbiz.de/10003794249
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Prices and taxes in a Ramsey climate policy model under heterogeneous beliefs and ambiguity
Von zur Mühlen, Peter - In: Economies : open access journal 10 (2022) 10, pp. 1-56
In a Ramsey policy regime, heterogeneity in beliefs about the potential costs of climate change is shown to produce policy ambiguities that alter carbon prices and taxation. Three sources of ambiguity are considered: (i) the private sector is skeptical, with beliefs that are unknown to the...
Persistent link: https://www.econbiz.de/10013498952
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The use of CCS in global carbon management : simulation with the DICE model
Narita, Daiju (contributor) - 2008
This study attempts a numerical simulation of potential CCS (carbon dioxide capture and storage) use by using a … firms: in our analysis, CCS is used when the optimal tax level is higher than the price of CCS. The analysis assesses the … economic optimality of CCS use with a range of different assumptions. The simulation particularly focuses on the difference of …
Persistent link: https://www.econbiz.de/10003734917
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Optimal Growth with Resource Exhaustibility and Pollution Externality
Jin, Wei - 2017
This paper investigates a problem of optimal growth with resource exhaustibility and pollution externality, based on a unified framework that explicitly considers augmentable man-made capital, exhaustible resource reserves, and accumulative environmental pollutants as three stock variables for...
Persistent link: https://www.econbiz.de/10012959742
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Do we still need carbonIntensive capital when transitioning to a green economy?
Jin, Wei; Ploeg, Frederick van der; Zhang, Lin - 2020
This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon emissions, a tightening of climate regulation...
Persistent link: https://www.econbiz.de/10012383739
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Capital Accumulation, Green Paradox, and Stranded Assets : An Endogenous Growth Perspective
Jin, Wei - 2019
The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets...
Persistent link: https://www.econbiz.de/10012895270
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Capital accumulation, green paradox, and stranded assets : an endogenous growth perspective
Jin, Wei; Zhang, ZhongXiang - 2018
The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets...
Persistent link: https://www.econbiz.de/10011925670
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Resource extraction and uncertain tipping points
Vislie, Jon - 2017
A global planning problem is analyzed for extracting an exhaustible resource like oil when resource extraction - the only source for current consumption - also generates additions to the stock of GHGs that influence the likelihood of hitting a threshold representing climate change. We derive...
Persistent link: https://www.econbiz.de/10011636059
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Prices and Taxes in a Ramsey Climate Policy Model under Heterogeneous Beliefs and Ambiguity
von zur Muehlen, Peter - 2022
In a Ramsey policy regime, heterogeneity in beliefs about the potential costs of climate change is shown to produce policy ambiguities that alter carbon prices and taxation. Three sources of ambiguity are considered: (i) the private sector is skeptical, with beliefs that are unknown to the...
Persistent link: https://www.econbiz.de/10014237108