In 2019, production on federal lands comprised 40% of domestic coal, 22% of domestic oil, and 12% of domestic natural gas production. Currently, the federal fossil fuel leasing program does not consider the climate costs of burning federal fossil fuels. One way to do so is through a climate...

Der Schienenverkehr in Deutschland fährt bereits heute zu einem Großteil elektrisch (~90% der Verkehrsleistung auf ~60% elektrifizierten Strecken). Für eine vollständige Defossilisierung sind jedoch auch für die verbliebenen 10% Fahrleistung Lösungen von Nöten. Aufgrund der lokalen...

Um den Auswirkungen des Klimawandels und der Erderwärmung entgegenzuwirken, werden unterschiedlichste Maßnahmen ergriffen, die den CO2-Ausstoß weltweit verringern sollen. Durch die strengeren Klimamaßnahmen steigt allerdings das Risiko von "Carbon Leakage". Das bedeutet, dass Produkte, die...

Im vergangenen Jahr waren die Zuwachszahlen im Bereich der Elektromobilität in Deutschland höher als jemals zuvor. Das enorme Wachstum ist vor allem der EU-Verordnung zur Flottenemissionsnorm zu verdanken. Die Elektromobilität hat damit einen wichtigen Schritt gemacht und gezeigt, dass sie...

Das neue Emissionsreduktionziel der EU von 55 Prozent gegenüber 1990 erfordert den Hochlauf von umfassenden, kostspieligen Technologieinvestitionen zur Dekarbonisierung der Industrie. Gleichzeitig unterliegen erst knapp 20 Prozent der weltweiten Emissionen einer direkten CO2-Bepreisung (World...

Mit einem jährlichen Investitionsvolumen von knapp 500 Milliarden Euro geht von der öffentlichen Beschaffungin Deutschland ein enormes Potenzial für den Erwerb klimafreundlicher Produkte und Dienstleistungen aus. Auf diese Weise können durch öffentliche Investitionen nicht nur...

A tax on vehicle emissions can efficiently induce all of the cheapest forms of abatement. Consumers could drive less, buy a smaller car with better gas mileage, use cleaner gasoline, and repair pollution control equipment (PCE). However, the technology is not yet available to measure and tax...

The energy transition away from fossil fuels exposes companies to carbon-transition risk. Estimating the market-based premium associated with carbon-transition risk in a cross-section of 14,400 firms in 77 countries, we find higher stock returns associated with higher levels and growth rates of...

Unilateral carbon policies are inefficient due to the fact that they generally involve emission reductions in countries with high marginal abatement costs and because they are subject to carbon leakage. In this paper, we ask whether the use of carbon tariffs — tariffs on the carbon embodied in...

Renewable energy deployment as an alternative to traditional energy sources is the cornerstone of the emission-reduction energy policies that aim to facilitate the transition to a low-carbon economy. This transition poses risks and opportunities for companies with business models that rely...

Climate change poses challenge to the global society. Different measures have been set off in an attempt to address the problem. Among the recent adopted options is the “Reduced Emissions from Deforestation and Degradation” (REDD+). However, little evidence exists on how options such as...

We develop a spatial equilibrium model to evaluate the efficiency and distributional impacts of the leading air quality regulation in the United States: the National Ambient Air Quality Standards (NAAQS). We link our economic model to an integrated assessment model for air pollutants which...

Using new surveys on more than 40,000 respondents in twenty countries that account for 72% of global CO2 emissions, we study the understanding of and attitudes toward climate change and climate policies. We show that, across countries, support for climate policies hinges on three key perceptions...

Foreword -- Part I Theoretical Framework of Climate Change Economics -- Chapter 1. Complexity of Climate Change as a Subject in Economics -- Chapter 2. A Critique of Conventional Economic Approaches to Climate Change -- Chapter 3. Climate as a Factor of Productivity -- Chapter 4. A Welfare...

In this paper, we have studied the links between (the timing of) innovation policies and abatement policies under different assumptions of innovation policies such as the possibilities to use patent life time as a policy instrument. We study the timing and interdependence between optimal...

This paper analyzes the spatial and temporal distribution of CO2 emissions intensity and energy intensity in China by using spatial measuring method from 2000 to 2013 and estimates the potential for CO2 emissions reduction. The results obtained in this study include: (1) Both CO2 emissions...

Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...

In 2019, production on federal lands comprised 40% of domestic coal, 22% of domestic oil, and 12% of domestic natural gas production. Currently, the federal fossil fuel leasing program does not consider the climate costs of burning federal fossil fuels. One way to do so is through a climate...

This study assesses the economy-wide impacts of cutting CO2 emissions on the Brazilian economy. It finds that in 2040, the business-as-usual CO2 emissions from energy use and industrial processes would be almost three times as high as those in 2010 and would account for more than half of total...

The 2015 Paris Climate Agreement was the first instance of countries adhering to take a collective action against global warming. More than 190 countries came forward and submitted their contributions in the form of Intended Nationally Determined Contributions, reflective of their ability and...

Do banks charge an environmental premium when lending to publicly listed firms? Using CDP's unique and comprehensive database on carbon emissions, we study whether firms which choose to voluntarily disclose their carbon emissions enjoy more favorable lending conditions than their non-disclosing...

The 2015 Paris Climate Agreement was the first instance of countries adhering to take a collective action against global warming. More than 190 countries came forward and submitted their contributions in the form of Intended Nationally Determined Contributions, reflective of their ability and...