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Registros recuperados: 14
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Electricity Generation in Fiji: Assessing the Impact of Renewable Technologies on Costs and Financial Risk AgEcon
Dornan, Matthew; Jotzo, Frank.
In recent years, renewable energy technologies have been advocated in Fiji on the basis that they improve energy security and serve as a risk-mitigation measure against oil price volatility. Despite this, there have been few attempts to measure the impact of renewable technologies on energy security. That analysis is important if the benefits of renewable energy technologies in Fiji are to be adequately evaluated. This paper develops and applies a method for assessing the potential contribution of renewable technologies to the security of electricity supply in Fiji. The method is based on an application of portfolio theory, traditionally used in financial markets, to the electricity generation mix in Fiji. The results demonstrate the impact of different...
Tipo: Conference Paper or Presentation Palavras-chave: Renewable energy technologies; Energy policy; Electricity sector; Fiji; Oil prices; Portfolio analysis; Pacific islands; Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/100544
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Linking the Australian Emissions Trading Scheme AgEcon
Jotzo, Frank; Betz, Regina.
A detailed proposal for an economy-wide emissions trading scheme in Australia was tabled by the government in December 2008 with a proposed start date for mid-2010. The government proposes unilateral linking, with no initial bilateral linkages, through the clean development mechanism and joint implementation. The proposal has resulted in serious concern about significant permit price increases and price capping, leading to a ban on permit sales. This research paper evaluates the proposed Australian scheme in relation to international emissions trading and linkages. Different scenarios for the Australian permit price under unilateral linking are considered. Options for bilateral linking with the European Union and New Zealand schemes are also evaluated,...
Tipo: Report Palavras-chave: Climate change policy; Australia; Emissions trading; International linkages; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94814
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The logic of collective action and Australia’s Climate Policy AgEcon
Pezzey, John C.V.; Mazouz, Salim; Jotzo, Frank.
The Australian Government's Carbon Pollution Reduction Scheme (CPRS), March 2009, set a target of 5 to 15 per cent emission cuts during 2000 and 2020. The proposed target is weak and is likely to increase mitigation costs in Australia in the long run. This research report analyses the target’s efficiency as well as provisions for preventing carbon leakage. The research also looks at the nature of changes to the CPRS made during 2008 as well as the likely cause of these changes. The free allocation of output-linked, tradable permits to Emissions-Intensive, Trade-Exposed (EITE) sectors was much higher than previously proposed and greater than what is needed to prevent carbon leakage. This means EITE emissions could rise by 13 per cent during 2010 and...
Tipo: Report Palavras-chave: Climate policy; Australia; Targets; Emission trading; Carbon leakage; Lobbying; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94824
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How Ambitious are China and India’s Emissions Intensity Targets? AgEcon
Stern, David I.; Jotzo, Frank.
As part of the negotiating process for a post-Kyoto climate policy regime, several developing economies have announced carbon emission targets for 2020. China and India’s commitments are framed as emissions intensity reductions by 40 to 45 per cent and 20 to 25 per cent respectively between 2005 and 2020. But how feasible are these proposed emissions intensity reductions, and how do they compare with the targeted reductions in the United States and the European Union? In this research report we use a stochastic frontier model to explain the variation in countries’ energy intensities. We use the model to produce emissions projections for China and India under a number of scenarios that consider various rates of technological change and changes in the...
Tipo: Report Palavras-chave: Carbon emissions; Climate change; Developing countries; Projections; Environmental Economics and Policy; Resource /Energy Economics and Policy; O13; Q54; Q56; Q58.
Ano: 2010 URL: http://purl.umn.edu/94947
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Climate Change Economics and Policy in the Asia Pacific AgEcon
Jotzo, Frank.
The Asia-Pacific region is the major source of global growth in greenhouse gas emissions. Strong action is needed in Asian countries, particularly China and India, to reduce these global emissions. Driven by the desire to limit energy consumption, some Asian countries already have domestic policies to limit greenhouse gas emission. But much more ambitious policies are needed to turn emission trends around. This research report examines the implications of international efforts to mitigate the impacts of human activity on climate in the Asia-Pacific region.
Tipo: Report Palavras-chave: Climate change policy; Indonesia; CDM; Central-local coordination; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94811
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Price Floors for Emissions Trading AgEcon
Wood, Peter John; Jotzo, Frank.
Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty, but implementation has potential pitfalls. We argue that the best mechanism for implementing a price floor is to have firms pay an extra fee or tax. This has budgetary advantages and is more compatible with international permit trading than alternative approaches that dominate the academic and policy debate. The fee approach can also be used to implement more general hybrid approaches to emissions pricing.
Tipo: Working or Discussion Paper Palavras-chave: Price Floor; Price Ceiling; Carbon Tax; Emissions Trading; Carbon Pricing; Price and Quantity Controls; Waxman-Markey Bill; Environmental Economics and Policy; Q58.
Ano: 2009 URL: http://purl.umn.edu/56211
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Price Floors for Emissions Trading AgEcon
Wood, Peter John; Jotzo, Frank.
Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty. Implementing the schemes, however, has pitfalls. This research report argues that requiring firms to pay an extra fee or tax is the best way to put a price floor in place. As well as providing budgetary advantages, the fee approach is more compatible with international permit trading than the alternative approaches currently dominating academic and policy debate. The fee approach can also be used for other emissions pricing schemes.
Tipo: Report Palavras-chave: Price floor; Price ceiling; Carbon tax; Emissions trading; Carbon pricing; Price and quality controls; Waxman-Markey Bill; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94885
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Estimating the CDM Market Under the Bonn Agreement AgEcon
Jotzo, Frank; Michaelowa, Axel.
We analyse the impact of the agreement on implementation of the Kyoto Protocol achieved at COP6bis in Bonn in July 2001 on investment in greenhouse gas emission reduction projects in developing countries through the Clean Development Mechanism (CDM). The required actual emission reductions for participating Annex B countries overall will be relatively small, as the United States do not intend to ratify the Protocol and significant amounts of carbon sequestered in domestic sinks will be credited to Annex B countries under Article 3.4 of the Protocol. In addition, there is a large potential supply of surplus emissions quota (hot air) from Russia and other economies in transition. This means that demand for certified emission reductions (CERs) from CDM...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 2001 URL: http://purl.umn.edu/26160
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Tax-Versus-Trading and Free Emission Shares as Issues for Climate Policy Design AgEcon
Pezzey, John C.V.; Jotzo, Frank.
We give empirical welfare results for global greenhouse gas emission control, using the first multiparty model to combine tax-versus-trading under uncertainties with revenue recycling. Including multiple parties greatly reduces the welfare advantage of an emissions tax over emissions (permit) trading in handling abatement-cost uncertainties, from that shown by existing, single-party literature. But a tax has a different, much bigger advantage, from better handling uncertainties in business-as-usual emissions. Either mechanism's free emissions share, from tax thresholds or free permits, which lowers its possible welfare gain from revenue recycling, may however dominate any tax-versus-trading advantage. Moreover, political and practical constraints, such as...
Tipo: Journal Article Palavras-chave: Climate policy; Emission pricing; Tax vs. trading; Uncertainties; Revenue recycling; Political economy; Environmental Economics and Policy; D810; H230; Q580.
Ano: 2010 URL: http://purl.umn.edu/95049
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THE LOGIC OF COLLECTIVE ACTION AND AUSTRALIA'S CLIMATE POLICY AgEcon
Pezzey, John C.V.; Mazouz, Salim; Jotzo, Frank.
We thank two anonymous referees and the Department of Climate Change for helpful comments. This research was supported financially by the Environmental Economics Research Hub of the Australian Government's Commonwealth Environment Research Facilities program.
Tipo: Conference Paper or Presentation Palavras-chave: Climate policy; Australia; Targets; Emission trading; Carbon leakage; Lobbying; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59577
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Fiddling while carbon burns: why climate policy needs pervasive emission pricing as well as technology promotion AgEcon
Pezzey, John C.V.; Jotzo, Frank; Quiggin, John C..
Tipo: Journal Article Palavras-chave: Asia–Pacific Partnership; Climate policy; Pricing; Technology; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/117740
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Comparing the Copenhagen emissions targets AgEcon
Jotzo, Frank.
Following the Copenhagen climate Accord, developed and developing countries have pledged to cut their greenhouse gas emissions, emissions intensity or emissions relative to baseline. This analysis puts the targets for the major countries on a common footing, and compares them across different metrics. Targeted changes in absolute emissions differ markedly between countries, with continued strong increases in some developing countries but significant decreases in others including Indonesia, Brazil and South Africa, provided reasonable baseline projections are used. Differences are smaller when emissions are expressed in per capita terms. Reductions in emissions intensity of economies implicit in the targets are remarkably similar across developed and...
Tipo: Report Palavras-chave: Copenhagen Accord; Emissions targets; Emissions intensity; Business-as-usual; Cross-country comparison.; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/107577
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Fiddling while carbon burns: why climate policy needs emission pervasive pricing as well as technology promotion AgEcon
Pezzey, John C.V.; Jotzo, Frank; Quiggin, John C..
Effective climate policy requires global emissions of greenhouse gases to be cut substantially, which in energy sectors can be achieved by lower emissions supply technologies, greater energy use efficiency, and substitution in demand. For policy to be efficient requires fairly uniform, pervasive emission pricing from taxes, permit trading, or hybrid combinations of the two, as well as significant government support for low-emission technologies. We compare the kind of technology-focused climate policies currently adopted by Australia and the USA, the ‘'Asia-Pacific Partnership on Clean Development and Climate'’ (AP6), against this ideal policy yardstick. We find they omit the need for emission pricing to achieve abatement effectively and efficiently; they...
Tipo: Conference Paper or Presentation Palavras-chave: Greenhouse gas emissions; Abatement; Emission taxes; Emissions trading; Technology policy; Innovation; Asia-Pacific Partnership; AP6; Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/10395
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Prerequisites and limits for economic modelling of climate change impacts and adaptation AgEcon
Jotzo, Frank.
There is demand for qualitative and quantitative economic analysis on the optimum degree of climate change mitigation and adaptation, the optimal timing of such actions, and their optimum distribution between countries and sectors. This paper discusses what is, as well as what is not, possible for economic modelling in this field. Specific reference is made to the paper by Bosello, Carraro and de Cian (2009), as well as Tol (2009). Integrated assessment modelling can provide powerful qualitative insights (for example, about the need for both mitigation and adaptation and the interactions between the two, or the need for both individual and policy-driven adaptation). However, the more detailed quantitative results from such studies are subject are...
Tipo: Report Palavras-chave: Environmental Economics and Policy; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/94951
Registros recuperados: 14
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