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Registros recuperados: 37
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Abatement and Transaction Costs of Carbon-Sink Projects Involving Smallholders AgEcon
Cacho, Oscar J.; Lipper, Leslie.
Agroforestry projects have the potential to help mitigate global warming by acting as sinks for greenhouse gasses. However, participation in carbon-sink projects may be constrained by high costs. This problem may be particularly severe for projects involving smallholders in developing countries. Of particular concern are the transaction costs incurred in developing projects, measuring, certifying and selling the carbon-sequestration services generated by such projects. This paper addresses these issues by analysing the implications of transaction and abatement costs in carbon-sequestration projects. A model of project participation is developed, which accounts for the conditions under which both buyers and sellers would be willing to engage in a carbon...
Tipo: Working or Discussion Paper Palavras-chave: Agroforestry; Climate Policy; Carbon Sequestration Costs; Environmental Economics and Policy; Q23; Q57; O1; O13.
Ano: 2007 URL: http://purl.umn.edu/9324
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Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost? AgEcon
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
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On the Integration of Carbon Capture and Storage into the International Climate Regime AgEcon
Bode, Sven; Jung, Martina.
As GHG emissions did not decline as anticipated early of the 1990ties Carbon Capture and Storage (CCS) recently gained more and more attention as a climate change mitigation option. However, CO2 suppressed in geological reservoirs is likely to lead to future releases of the CO2 stored. This "non-permanence" must be considered if an environmentally sound policy is desired. Against this background, the present article analyses a potential integration of CCS in the international climate regime. It is based on existing rules and modalities regarding non-permanence of sequestration in the Land use, Land-use change and Forestry (LULUCF) sector. Interestingly, the experience from LULUCF has almost completely been neglected during the discussion on CCS. We argue...
Tipo: Working or Discussion Paper Palavras-chave: Carbon Dioxide Capture and Storage; Permanence; Sequestration; LULUCF; Climate Policy; Environmental Economics and Policy; Q25; Q28; Q38; Q48.
Ano: 2004 URL: http://purl.umn.edu/26279
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Climate Change Mitigation Strategies in Fast-Growing Countries: The Benefits of Early Action AgEcon
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
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International Energy R&D Spillovers and the Economics of Greenhouse Gas Atmospheric Stabilization AgEcon
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; Tavoni, Massimo.
It is widely recognized that technological change has the potential to reduce GHG emissions without compromising economic growth; hence, any better understanding of the process of technological innovation is likely to increase our knowledge of mitigation possibilities and costs. This paper explores how international knowledge flows affect the dynamics of the domestic R&D sector and the main economic and environmental variables. The analysis is performed using WITCH, a dynamic regional model of the world economy, in which energy technical change is endogenous. The focus is on disembodied energy R&D international spillovers. The knowledge pool from which regions draw foreign ideas differs between High Income and Low Income countries. Absorption...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Energy R&D; International R&D Spillovers; Stabilization; Environmental Economics and Policy; Resource /Energy Economics and Policy; H0; H2; H3.
Ano: 2007 URL: http://purl.umn.edu/8217
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Combining Climate and Energy Policies: Synergies or Antagonism? Modeling interactions with energy efficiency instruments AgEcon
Lecuyer, Oskar; Bibas, Ruben.
In addition to the already present Climate and Energy package, the European Union (EU) plans to include a binding target to reduce energy consumption. We analyze the rationales the EU invokes to justify such an overlapping and develop a minimal common framework to study interactions arising from the combination of instruments reducing emissions, promoting renewable energy (RE) production and reducing energy demand through energy efficiency (EE) investments. We find that although all instruments tend to reduce emissions and a price on carbon tends to give the right incentives for RE and EE too, the combination of more than one instrument leads to significant antagonisms regarding major objectives of the policy package. The model allows to show in a single...
Tipo: Working Paper Palavras-chave: Renewable Energy; Energy Efficiency; Energy Policy; Climate Policy; Policy Interaction; Resource /Energy Economics and Policy; Q28; Q41; Q48; Q58.
Ano: 2011 URL: http://purl.umn.edu/120049
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Renewable Energy Subsidies: Second-Best Policy or Fatal Aberration for Mitigation? AgEcon
Kalkuhl, Matthias; Edenhofer, Ottmar; Lessmann, Kai.
This paper evaluates the consequences of renewable energy policies on welfare, resource rents and energy costs in a world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global general equilibrium model with an intertemporal fossil resource sector. We calculate the optimal second-best renewable energy subsidy and compare the resulting welfare level with an efficient first-best carbon pricing policy. If carbon pricing is permanently missing, mitigation costs increase by a multiple (compared to the optimal carbon pricing policy) for a wide range of parameters describing extraction costs, renewable energy costs, substitution possibilities and normative attitudes. Furthermore, we show that small...
Tipo: Working or Discussion Paper Palavras-chave: Feed-in-Tariff; Carbon Trust; Carbon Pricing; Supply-Side Dynamics; Green Paradox; Climate Policy; Resource /Energy Economics and Policy; Q4; Q52; Q54; Q58; D58; H21.
Ano: 2011 URL: http://purl.umn.edu/108261
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Effects of the CDM on Poverty Eradication and Global Climate Protection AgEcon
Rubbelke, Dirk T.G.; Rive, Nathan.
In an impure public good model we analyze the effects of CDM transfers on poverty as well as on the global climate protection level. We construct an analytical model of a developing and an industrialized region, both of which independently seek to maximize their utility – a function of private consumption, domestic air quality, and global climate protection. They do so by distributing their finite expenditures across (1) the aggregate consumption good, (2) end-of-pipe pollution control technologies, and (3) greenhouse gas abatement. Based on our analytical findings, we develop two sets of simulations for China in which we vary the rate of the CDM transfer. The simulations differ by the assumption of China’s domestic air quality policy – the first assumes a...
Tipo: Working or Discussion Paper Palavras-chave: Ancillary Benefits; CDM; Climate Policy; Impure Public Goods; Transfers; Abatement Technology; Environmental Economics and Policy; Food Security and Poverty; Q54; H23; H41; O33.
Ano: 2008 URL: http://purl.umn.edu/46650
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The Incentives to Participate in, and the Stability of, International Climate Coalitions: A Game-theoretic Analysis Using the Witch Model AgEcon
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
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Human Capital, Innovation, and Climate Policy: An Integrated Assessment AgEcon
Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo.
This paper looks at the interplay between human capital and innovation in the presence of climate and educational policies. Using recent empirical estimates, human capital and general purpose R&D are introduced in an integrated assessment model that has been extensively applied to study climate change mitigation. Our results suggest that climate policy stimulates general purpose as well as clean energy R&D but reduces the incentive to invest in human capital formation. Human capital increases the productivity of labour and the complementarity between labour and energy drives its pollution-using effect (direct effect). When human capital is an essential input in the production of generic and energy dedicated knowledge, the crowding out induced by...
Tipo: Working Paper Palavras-chave: Climate Policy; Innovation; Human capital; Environmental Economics and Policy; O33; O41; Q43.
Ano: 2012 URL: http://purl.umn.edu/122861
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Abatement Cost Uncertainty and Policy Instrument Selection under a Stringent Climate Policy. A Dynamic Analysis AgEcon
Bosetti, Valentina; Golub, Alexander; Markandya, Anil; Massetti, Emanuele; Tavoni, Massimo.
This paper investigates the relative economic and environmental outcomes of price versus quantity mechanisms to control GHG emissions when abatement costs are uncertain. In particular, we evaluate the impacts on policy costs, CO2 emissions and energy R&D for a stringent mitigation target of 550 ppmv CO2 equivalent (i.e. 450 for CO2 only) concentrations. The analysis is performed in an optimal growth framework via Monte Carlo simulations of the integrated assessment model WITCH (World Induced Technical Change Hybrid). Results indicate that the price instrument stochastically dominates the quantity instrument when a stringent stabilization policy is in place.
Tipo: Conference Paper or Presentation Palavras-chave: Abatement Costs; Climate Policy; Environmental Economics and Policy; H2; C6; Q5.
Ano: 2008 URL: http://purl.umn.edu/6383
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Nuclear versus Coal plus CCS: A Comparison of Two Competitive Base-load Climate Control Options AgEcon
Tavoni, Massimo; van der Zwaan, Bob.
In this paper we analyze the relative importance and mutual behavior of two competing base-load electricity generation options that each are capable of contributing significantly to the abatement of global CO2 emissions: nuclear energy and coal-based power production complemented with CO2 capture and storage (CCS). We also investigate how, in scenarios from an integrated assessment model that simulates the economics of a climate-constrained world, the prospects for nuclear energy would change if exogenous limitations on the spread of nuclear technology were relaxed. Using the climate change economics model WITCH we find that until 2050 the resulting growth rates of nuclear electricity generation capacity become comparable to historical rates observed...
Tipo: Working or Discussion Paper Palavras-chave: Economic Competition; Electricity Sector; Nuclear Power; Coal Power; CCS; Renewables; Climate Policy; Research and Development/Tech Change/Emerging Technologies; D8; D9; H0; O3; O4; Q4; Q5.
Ano: 2009 URL: http://purl.umn.edu/55327
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Beyond Copenhagen: A Realistic Climate Policy in a Fragmented World AgEcon
Carraro, Carlo; Massetti, Emanuele.
We propose a realistic approach to climate policy based on the Copenhagen Agreement to reduce Greenhouse Gases (GHGs) emissions. We assess by how much the non-binding, although official, commitments to reduce emissions made in Copenhagen will affect the level of world GHGs emissions in 2020. Our estimates are based on official communications to the UNFCCC, on historic data and on the Business-as-Usual scenario of the WITCH model. We are not interested in estimating the gap between the expected level of emissions and what would be needed to achieve the 2°C target. Nor do we attempt to calculate the 2100 temperature level implied by the Copenhagen pledges. We believe these two exercises are subject to high uncertainty and would not improve the current state...
Tipo: Working or Discussion Paper Palavras-chave: Kyoto Protocol; International Climate Agreements; Climate Policy; Clean Development Mechanism; Environmental Economics and Policy; F5; Q01; Q54; Q58.
Ano: 2010 URL: http://purl.umn.edu/98094
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Delayed Participation of Developing Countries to Climate Agreements: Should Action in the EU and US be Postponed? AgEcon
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo.
This paper analyses the cost implications for climate policy in developed countries if developing countries are unwilling to adopt measures to reduce their own GHG emissions. First, we assume that a 450 CO2 (550 CO2e) ppmv stabilisation target is to be achieved and that Non Annex1 (NA1) countries decide to delay their GHG emission reductions by 30 years. What would be the cost difference between this scenario and a case in which both developed and developing countries start reducing their emissions at the same time? Then, we look at a scenario in which the timing of developing countries’ participation is uncertain and again we compute the costs of climate policy in developed and developing countries. We find that delayed participation of NA1 countries has...
Tipo: Working or Discussion Paper Palavras-chave: Delayed Action; Climate Policy; Stabilisation Costs; Uncertain Participation; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2008 URL: http://purl.umn.edu/44220
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Fossil Fuel Extraction and Climate Policy: A Review of the Green Paradox with Endogenous Resource Exploration AgEcon
Osterle, Ines.
Policies aimed at reducing emissions from fossil fuels may increase climate damages. This “Green Paradox” emerges if resource owners increase near-term extraction in fear of stricter future policy measures. Hans-Werner Sinn (2008) showed that the paradox occurs when increasing resource taxes are applied within a basic exhaustible resource model. This article highlights that the emergence of the Green Paradox within this framework relies on the non-existence of a backstop technology and fixed fossil fuel resources. In doing this, it initially presents a basic exhaustible resource model which includes a backstop technology and shows that the implementation of a specific sales tax path is effective in mitigating global warming. Secondly, it considers the case...
Tipo: Working Paper Palavras-chave: Green Paradox; Supply-side dynamics; Climate Policy; Exhaustible Resources; Fossil Fuels; Exploration; Environmental Economics and Policy; Q31; Q54; Q58; H23; H32.
Ano: 2012 URL: http://purl.umn.edu/122010
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Estimated Impacts of New Zealand Agriculture Climate Policy: A Tale of Two Catchments AgEcon
Daigneault, Adam J.; Greenhalgh, Suzie; Samarasinghe, Oshadhi.
Agricultural and forestry greenhouse gas (GHG) emissions are a key feature of New Zealand’s emissions profile, and New Zealand is the only country, to date, to have indicated that agricultural and forestry emissions will be covered under their domestic climate policy – the New Zealand Emissions Trading Scheme (NZETS). Forestry entered the NZETS in 2008 while agricultural emissions are expected to enter in 2015. Coupled with climate policy development is the increasing scrutiny of agricultural impacts on water in New Zealand. Given the multiple forms of environmental regulation facing the agricultural and forestry industries we explore, at the catchment level, the impacts of climate policy on the agricultural and forestry industries, including those on farm...
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture and Forestry Modelling; Land Use; Climate Policy; Greenhouse Gas Emissions; Nutrient Loadings; Environmental Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/115352
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The Impact of Unilateral Climate Policy with Endogenous Plant Location and Market Size Asymmetry AgEcon
Sanna-Randaccio, Francesca; Sestini, Roberta.
This paper analyses the impact of unilateral climate policy on firms’ international location strategies in emission-intensive sectors, when countries differ in terms of market size. The cases of partial and total relocation via foreign direct investment are separately considered. A simple international duopoly model highlights the differences between short-term and long-term effects. In the short-term no change in location is a likely outcome in very capital-intensive sectors, and when there is a strategy shift this takes the form of partial instead of total relocation. In the long-run total relocation becomes a feasible outcome. However we found that, when tighter mitigation measures are introduced by the larger country and unit transport cost is high,...
Tipo: Working or Discussion Paper Palavras-chave: Foreign Direct Investment; Carbon Leakage; Climate Policy; Relocation; Transport Costs; Welfare; Environmental Economics and Policy; F12; F23; Q58.
Ano: 2010 URL: http://purl.umn.edu/94789
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Modelling Economic Impacts of Alternative International Climate Policy Architectures. A Quantitative and Comparative Assessment of Architectures for Agreement AgEcon
Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; Tavoni, Massimo.
This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Integrated Modelling; International Agreements; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2008 URL: http://purl.umn.edu/44535
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Carbon Leakage with International Technology Spillovers AgEcon
Gerlagh, Reyer; Kuik, Onno.
In this paper we study the effect of international technology spillovers on carbon leakage. We first develop and analyse two simple competing models for carbon leakage. The first model represents the pollution haven hypothesis. It focuses on the international competition between firms that produce energy-intensive goods. The second model highlights the role of a globally integrated carbon-energy market. We calculate formulas for the leakage rates in both models and, through meta-analysis, show that the second model captures best the major mechanisms reported in the CGE literature on carbon leakage. We extend this model with endogenous energy-saving technology and international technology spillovers. This feature is shown to decrease carbon leakage. We...
Tipo: Working or Discussion Paper Palavras-chave: Carbon-Leakage; Climate Policy; Induced Technological Change; Trade and Environment; Environmental Economics and Policy; F18; O39; Q25; Q4.
Ano: 2007 URL: http://purl.umn.edu/9328
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Absolute Abundance and Relative Scarcity: Announced Policy, Resource Extraction, and Carbon Emissions AgEcon
Di Maria, Corrado; Smulders, Sjak; van der Werf, Edwin.
We study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy sources increase at the time of announcement. There are two channels behind this effect. First, since a binding constraint on emissions restricts energy use during some period of time, more must be extracted during other periods. Second, since low carbon energy sources are relatively more valuable when the policy is implemented, it is optimal to conserve them ahead of enforcement. This might induce a switch to high-carbon resources before the policy is implemented.
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Non-renewable Resources; Announcement Effects; Scarcity; Order of Extraction; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/46626
Registros recuperados: 37
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