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The Intergovernmental Panel on Climate Change has a monopoly on the provision of climate policy advice at the international level and a strong market position in national policy advice. This may have been the intention of the founders of the IPCC. I argue that the IPCC has a natural monopoly, as...
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exact emission reduction targets for 2020 are ambiguous, but considerably more ambitious than Ireland's obligations under EU … legislation. EU legislation severely constrains the options for domestic climate policy so that the extra emission reduction would … bill for 2020 would require draconian policies. It would be better to keep the EU targets for 2020. The targets for 2030 …
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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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together give fuel use and emissions and the costs of purchase, ownership and use. We use the model to project the car stock …
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