|
|
|
| Registros recuperados: 31 | |
|
|
| Bosetti, Valentina; Massetti, Emanuele; Tavoni, Massimo. |
| WITCH World Induced Technical Change Hybrid is a regionally disaggregated hard-link hybrid global model with a neoclassical optimal growth structure (top-down) and a detailed energy input component (bottom-up). The model endogenously accounts for technological change, both through learning curves that affect the prices of new vintages of capital and through R&D investments. The model features the main economic and environmental policies in each world region as the outcome of a dynamic game. WITCH belongs to the class of Integrated Assessment Models as it possesses a climate module that feeds climate changes back into the economy. Although the models main features are discussed elsewhere (Bosetti et al., 2006), here we provide a more thorough... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 2007 |
URL: http://purl.umn.edu/12064 |
| |
|
|
| Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; Tavoni, Massimo. |
| Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and no agreement on an ambitious global stabilisation target has yet been reached. It is thus likely that some, if not all countries, will delay the adoption of effective climate policies. This delay will affect the cost of future policy measures that will be required to abate an even larger amount of emissions. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding the global stabilisation target to be... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Uncertainty; Climate Policy; Stabilisation Costs; Delayed Action; Environmental Economics and Policy; C72; H23; Q25; Q28. |
| Ano: 2008 |
URL: http://purl.umn.edu/44219 |
| |
|
|
| Bosetti, Valentina; Tavoni, Massimo. |
| This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the uncertain effectiveness of R&D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon-free technology whose cost depends on R&D investments. To better represent the process of technological progress, we assume that R&D effectiveness is uncertain. By means of a simple analytical model, we show how accounting for the uncertainty that characterizes technological advancement yields higher investments in innovation and lower policy costs. We then confirm the results via a numerical analysis performed with a stochastic version of WITCH, an energy-economy-climate model. The results stress the importance... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2007 |
URL: http://purl.umn.edu/12048 |
| |
|
| |
|
|
| Bosetti, Valentina; Tavoni, Massimo; Carraro, Carlo. |
| This paper builds on the assumption that OECD countries are (or will soon be) taking actions to reduce their greenhouse gas emissions. These actions, however, will not be sufficient to control global warming, unless developing countries also get involved in the cooperative effort to reduce GHG emissions. This paper investigates the best short-term strategies that emerging economies can adopt in reacting to OECD countries’ mitigation effort, given the common long-term goal to prevent excessive warming without hampering economic growth. Results indicate that developing countries would incur substantial economic losses by following a myopic strategy that disregards climate in the short-run, and that their optimal investment behaviour is to anticipate the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Energy-economy Modeling; Climate Policy; Developing Countries; Environmental Economics and Policy; Q54; Q55; Q43. |
| Ano: 2009 |
URL: http://purl.umn.edu/52541 |
| |
|
| |
|
| |
|
| |
|
| |
|
|
| Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; Duval, Romain; Massetti, Emanuele; Tavoni, Massimo. |
| This paper uses WITCH, an integrated assessment model with a game-theoretic structure, to explore the prospects for, and the stability of broad coalitions to achieve ambitious climate change mitigation action. Only coalitions including all large emitting regions are found to be technically able to meet a concentration stabilisation target below 550 ppm CO2eq by 2100. Once the free-riding incentives of non-participants are taken into account, only a “grand coalition” including virtually all regions can be successful. This grand coalition is profitable as a whole, implying that all countries can gain from participation provided appropriate transfers are made across them. However, neither the grand coalition nor smaller but still environmentally significant... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Climate Policy; Climate Coalition; Game Theory; Free Riding; Environmental Economics and Policy; C68; C72; D58; Q54. |
| Ano: 2009 |
URL: http://purl.umn.edu/54281 |
| |
|
| |
|
| |
|
| |
|
|
| Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele. |
| Most analyses of the Kyoto flexibility mechanisms focus on the cost effectiveness of “where” flexibility (e.g. by showing that mitigation costs are lower in a global permit market than in regional markets or in permit markets confined to Annex 1 countries). Less attention has been devoted to “when” flexibility, i.e. to the benefits of allowing emission permit traders to bank their permits for future use. In the model presented in this paper, banking of carbon allowances in a global permit market is fully endogenised, i.e. agents may decide to bank permits by taking into account their present and future needs and the present and future decisions of all the other agents. It is therefore possible to identify under what conditions traders find it optimal to... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Emission Trading; Banking; Environmental Economics and Policy; International Relations/Trade; C72; H23; Q25; Q28. |
| Ano: 2008 |
URL: http://purl.umn.edu/6362 |
| |
|
| |
|
|
| Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; Massetti, Emanuele; Tavoni, Massimo. |
| This paper analyses the incentives to participate in and the stability of international climate coalitions. Using the integrated assessment model WITCH, the analysis of coalitions’ profitability and stability is performed under alternative assumptions concerning the pure rate of time preference, the social welfare aggregator and the extent of climate damages. We focus on the profitability, stability, and “potential stability” of a number of coalitions which are “potentially effective” in reducing emissions. We find that only the grand coalition under a specific sets of assumptions finds it optimal to stabilise GHG concentration below 550 ppm CO2-eq. However, the grand coalition is found not to be stable, not even “potentially stable” even through an... |
| Tipo: Working Paper |
Palavras-chave: Climate Policy; Climate Coalition; Game Theory; Free Riding; Environmental Economics and Policy; C68; C72; D58; Q54. |
| Ano: 2011 |
URL: http://purl.umn.edu/120048 |
| |
|
|
| Bosetti, Valentina; Cassinelli, Mariaester; Lanza, Alessandro. |
| Tourism destination benchmarking and the assessment of tourism management performances are a crucial and challenging task in the direction of evaluating tourism sustainability and reshaping tourism activities. However, assessing tourism management efficiency per se may not provide enough information concerning long-term performances, which is what sustainability is about. Natural resources management should therefore be included in the analysis to provide a more exhaustive picture of long-run sustainable efficiency and tourism performances. Indeed, while the environmental endowment of a site is a key feature in tourism destination comparison, what really matters is its effective management. Therefore, in this paper we assess and compare tourism... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/12156 |
| |
|
| |
|
| |
|
|
| Bosetti, Valentina; Drouet, Laurent. |
| The key role of technological change in the decline of energy and carbon intensities of aggregate economic activities is widely recognized. This has focused attention on the issue of developing endogenous models for the evolution of technological change. With a few exceptions this is done using a deterministic framework, even though technological change is a dynamic process which is uncertain by nature. Indeed, the two main vectors through which technological change may be conceptualized, learning through R&D investments and learning-by-doing, both evolve and cumulate in a stochastic manner. How misleading are climate strategies designed without accounting for such uncertainty? The main idea underlying the present piece of research is to assess and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2005 |
URL: http://purl.umn.edu/12143 |
| |
| Registros recuperados: 31 | |
|
|
|
