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Registros recuperados: 92
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Liberalizing Climate-Friendly Goods and Technologies in the WTO: Product Coverage, Modalities, Challenges and the Way Forward AgEcon
Zhang, ZhongXiang.
The Doha Round Agenda (paragraph 31(3)) mandates to liberalize environmental goods and services. This mandate offers a good opportunity to put climate-friendly goods and services on a fast track to liberalization. Agreement on this paragraph should represent one immediate contribution that the WTO can make to fight against climate change. This paper presents the key issues surrounding liberalized trade in climate-friendly goods and technologies in WTO environmental goods negotiations. It begins with what products to liberalize and how. Clearly, WTO environmental goods negotiations to date show that WTO member countries are divided by this key issue. Focusing on the issue, the paper explores options available to liberalize trade in climate-friendly goods...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Goods and Services; Low-Carbon Goods and Technologies; Doha Round; WTO; Environmental Economics and Policy; F18; F13; Q56; Q54; Q58; Q48.
Ano: 2010 URL: http://purl.umn.edu/94735
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The Implications of Alternative U.S. Domestic and Trade Policies for Biofuels AgEcon
Yano, Yuki; Blandford, David; Surry, Yves R..
The U.S. Renewable Fuel Standard program (RFS), which involves mandates for various biofuels, is complex and has been often misinterpreted or oversimplified in previous studies. In this paper we analyze the implications of the RFS for the U.S. domestic and international ethanol markets. We demonstrate the vital role of the advanced biofuel mandate within the RFS. Impacts of changes in tariffs on imported fuel ethanol and subsidies for U.S. domestic ethanol production are examined. One of our important findings is that the RFS could result in serious misallocation of resources in both a national and international context. There is a possibility that the United States could be required to import sugarcane-based ethanol to meet the advanced biofuel mandate,...
Tipo: Conference Paper or Presentation Palavras-chave: Ethanol; Trade liberalization; Renewable Fuel Standard; Mandate; Subsidies; Industrial Organization; F13; Q18; Q42; Q48.
Ano: 2010 URL: http://purl.umn.edu/91832
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'Second-Best' Adjustments to Externality Estimates in Electricity Planning with Competition AgEcon
Burtraw, Dallas; Palmer, Karen L.; Krupnick, Alan J..
A number of state public utility commissions are using "social costing" methods to consider externalities in electricity resource planning. The most comprehensive and formal method is the use of monetary place-holders in the financial evaluation of new investments and potentially in system dispatch to reflect quantitative estimates of externality values. This approach necessarily must take existing environmental and social regulation as given. Furthermore, regulated utilities face increasing competition from electricity generators outside their service territory who may not be affected by social costing. The lack of universal and uniform social costing places PUC actions soundly in the realm of "second-best policy" and they may have unintended consequences...
Tipo: Working or Discussion Paper Palavras-chave: Second-best; Environmental regulation; Electricity regulation; Environmental adders; Environmental Economics and Policy; Q25; Q48; L51.
Ano: 1995 URL: http://purl.umn.edu/10753
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The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach AgEcon
Ciaschini, Maurizio; Severini, Francesca; Socci, Claudio; Pretaroli, Rosita.
In the last decade, as many other European countries, the Italian Government adopted several reforms in order to increase the use of Renewable Energy Sources (RES). The liberalization of the electricity market that represents one of these reforms aims to reach environmental benefits from the substitution of fossil fuel with renewable sources. The Italian Green Certificate market was introduced in 2002 in order to accomplish this objective and represents a mechanism where a quota of renewable electricity is imposed to suppliers in proportion to their sales. The electricity industries are obliged to meet this condition by producing the quantity of renewable electricity by means of a change in their production process, otherwise they must buy a number of...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Policy; Hybrid I-O model; Macro Multiplier; Resource /Energy Economics and Policy; C67; E23; Q43; Q48.
Ano: 2010 URL: http://purl.umn.edu/94741
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Policy-Induced Technology Adoption: Evidence from the U.S. Lead Phasedown AgEcon
Kerr, Suzi; Newell, Richard G..
The theory of environmental regulation suggests that economic instruments, such as taxes and tradable permits, create more effective technology adoption incentives than conventional regulatory standards. We explore this issue for an important industry undergoing technological responses to a dramatic decrease in allowed pollution levels - the petroleum industry's phasedown of lead in gasoline. Using a panel of refineries from 1971 to 1995, we provide some of the first direct evidence that alternative policies affect the pattern of adoption in expected ways. Importantly, we find that the tradable permit system used during the lead phasedown provided incentives for more efficient technology adoption decisions. Where environmentally appropriate, this suggests...
Tipo: Working or Discussion Paper Palavras-chave: Technology; Adoption; Diffusion; Environment; Regulation; Lead; Gasoline; Tradable permit; Incentive-based policy; Research and Development/Tech Change/Emerging Technologies; C41; L71; O31; O33; Q28; Q48.
Ano: 2001 URL: http://purl.umn.edu/10834
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Carbon Mitigation Costs for the Commercial Sector: Discrete-Continuous Choice Analysis of Multifuel Energy Demand AgEcon
Newell, Richard G.; Pizer, William A..
We estimate a carbon mitigation cost curve for the U.S. commercial sector based on econometric estimation of the responsiveness of fuel demand and equipment choices to energy price changes. The model econometrically estimates fuel demand conditional on fuel choice, which is characterized by a multinomial logit model. Separate estimation of end uses (e.g., heating, cooking) using the 1995 Commercial Buildings Energy Consumption Survey allows for exceptionally detailed estimation of price responsiveness disaggregated by end use and fuel type. We then construct aggregate long-run elasticities, by fuel type, through a series of simulations; own-price elasticities range from -0.9 for district heat services to -2.9 for fuel oil. The simulations form the basis of...
Tipo: Working or Discussion Paper Palavras-chave: Commercial energy demand; Carbon policy; Climate change; Discrete choice; Resource /Energy Economics and Policy; Q28; Q48; Q41; C35; C15.
Ano: 2005 URL: http://purl.umn.edu/10625
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Impacts of Biofuels on Water Supply: Proposed Cures May Worsen the Disease AgEcon
Huffaker, Ray G..
Tipo: Journal Article Palavras-chave: Water; Conservation; Biofuels; Irrigation; Resource /Energy Economics and Policy; Q25; Q48.
Ano: 2010 URL: http://purl.umn.edu/95758
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Multilateral Trade Measures in a Post-2012 Climate Change Regime?: What Can Be Taken from the Montreal Protocol and the WTO? AgEcon
Zhang, ZhongXiang.
The climate-trade nexus gains increasing attention as governments are taking great efforts to forge a post-2012 climate change regime to succeed the Kyoto Protocol. This raises the issues of the scope of trade-related measures and of when and how they could be used. This paper discusses how far trade-related measures should be incorporated in that context. Drawing on an analogy to the Montreal Protocol and comparing developing country’s climate mitigation and adaptation needs with the funding available, the paper argues that such measures should initially be applied only among Annex I or II countries. To discipline the use of unilateral trade measures at the international level, the paper emphasizes a need to define comparable climate efforts. Moreover,...
Tipo: Working or Discussion Paper Palavras-chave: Post-2012 climate negotiations; Trade-related measures; Lieberman-Warner bill; WTO; Montreal Protocol; Developing countries; United States; Environmental Economics and Policy; F18; Q48; Q54; Q56; Q58.
Ano: 2009 URL: http://purl.umn.edu/54359
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Ancillary Benefits of Reduced Air Pollution in the United States from Moderate Greenhouse Gas Mitigation Policies in the Electricity Sector AgEcon
Burtraw, Dallas; Krupnick, Alan J.; Palmer, Karen L.; Paul, Anthony; Toman, Michael; Bloyd, Cary.
This paper considers how moderate actions to slow atmospheric accumulation of greenhouse gases from fossil fuel use also could reduce conventional air pollutants in the United States. The benefits that result would be "ancillary" to greenhouse gas abatement. Moreover, the benefits would tend to accrue locally and in the near term, while benefits from reduced climate change mostly accrue globally and over a time frame of several decades or longer. The previous literature suggests that changes in nitrogen oxides (NOx) would be the most important consequence of moderate carbon policies. We calculate these changes in a detailed electricity model linked to an integrated assessment framework to value changes in human health. A tax of $25 per metric ton of carbon...
Tipo: Conference Paper or Presentation Palavras-chave: Climate change; Greenhouse gas; Ancillary benefits; Air pollution; Co-control benefits; Nitrogen oxides; Sulfur dioxide; Carbon dioxide; Particulates; Health; Environmental Economics and Policy; H23; I18; Q48.
Ano: 2001 URL: http://purl.umn.edu/10664
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EPA MANDATE WAIVERS CREATE NEW UNCERTAINTIES IN BIODIESEL MARKETS AgEcon
Thompson, Wyatt; Meyer, Seth D..
Tipo: Journal Article Palavras-chave: Biodiesel; Biofuel Mandate; Waivers; Resource /Energy Economics and Policy; Q11; Q16; Q42; Q48.
Ano: 2011 URL: http://purl.umn.edu/109485
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Market-Based Approaches to CO2 Emissions: Implications for Agriculture AgEcon
Raymond, Leigh; Shively, Gerald E..
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy; H00; Q28; Q48.
Ano: 2008 URL: http://purl.umn.edu/94505
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Can an Effective Global Climate Treaty Be Based on Sound Science, Rational Economics, and Pragmatic Politics AgEcon
Stavins, Robert N..
The Kyoto Protocol (1997) to the United Nations Framework Convention on Climate Change (1992) may come into force without U.S. participation, but its effects on climate change will be trivial. At the same time, the economic and scientific consensus points to the need for a credible international approach. A reasonable starting point is the Framework Convention on Climate Change (FCCC), which was signed by 161 nations and ratified by 50, including the United States, and entered into force in 1994. In this paper, I remain agnostic on the question of the Kyoto Protocol's viability. Some analysts see the agreement as deeply flawed, while others see it as an acceptable or even excellent first step. But virtually everyone agrees that the Protocol is not...
Tipo: Working or Discussion Paper Palavras-chave: Global climate change; Global warming; Policy architecture; Kyoto Protocol; Environmental Economics and Policy; Q54; Q58; Q48; Q39.
Ano: 2004 URL: http://purl.umn.edu/10720
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The Next Generation of Market-Based Environment Policies AgEcon
Stavins, Robert N.; Whitehead, Bradley W..
We examine what will be required if market-based environmental policy instruments are to become a major force in U.S. environmental policy. We define market-based instruments, and specify five categories: pollution charges; tradable permits; deposit refund systems; reducing market barriers; and eliminating government subsidies. We review major U.S. applications, including: EPA's emissions trading program; the leaded gasoline phasedown; water quality permit trading; CFC trading; SO2 allowance trading; and the RECLAIM program. We assess the U.S. experience in terms of the relatively limited use of these instruments and in terms of the mixed record of performance of implemented instruments. We ask how the next generation of market-based instruments can be...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy; Q28; Q48.
Ano: 1996 URL: http://purl.umn.edu/10640
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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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The Near-Term Impacts of Carbon Mitigation Policies on Manufacturing Industries AgEcon
Morgenstern, Richard D.; Ho, Mun S.; Shih, Jhih-Shyang; Zhang, Xuehua.
Who will pay for new policies to reduce carbon dioxide and other greenhouse gas emissions in the United States? This paper considers a slice of the question by examining the near-term impact on domestic manufacturing industries of both upstream (economy-wide) and downstream (electric power industry only) carbon mitigation policies. Detailed Census data on the electricity use of four-digit manufacturing industries is combined with input-output information on interindustry purchases to paint a detailed picture of carbon use, including effects on final demand. This approach, which freezes capital and other inputs at current levels and assumes that all costs are passed forward, yields upper-bound estimates of total costs. The results are best viewed as...
Tipo: Working or Discussion Paper Palavras-chave: Distribution of carbon mitigation costs; Industrial impacts of carbon policies; Environmental Economics and Policy; Q28; Q48.
Ano: 2002 URL: http://purl.umn.edu/10706
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Inflationary Effect of Oil-Price Shocks in an Imperfect Market: A Partial Transmission Input-output Analysis AgEcon
Wu, Libo; Li, Jing; Zhang, ZhongXiang.
This paper aims to examine the impacts of oil-price shocks on China’s price levels. To that end, we develop a partial transmission input-output model that captures the uniqueness of the Chinese market. We hypothesize and simulate price control, market factors and technology substitution - the three main factors that restrict the functioning of a price pass-through mechanism during oil-price shocks. Using the models of both China and the U.S., we separate the impact of price control from those of other factors leading to China’s price stickiness under oil-price shocks. The results show a sharp contrast between China and the U.S., with price control in China significantly preventing oil-price shocks from spreading into its domestic inflation, especially in...
Tipo: Working or Discussion Paper Palavras-chave: Oil-price Shocks; Price Transmission; Price Control; Input-output Analysis; Inflation; Industrial Structure; China; The United States; Resource /Energy Economics and Policy; Q43; Q41; Q48; O13; O53; P22; E31.
Ano: 2011 URL: http://purl.umn.edu/102507
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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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The Induced Innovation Hypothesis and Energy-Saving Technological Change AgEcon
Newell, Richard G.; Jaffe, Adam B.; Stavins, Robert N..
We develop a methodology for testing Hick's induced innovation hypothesis by estimating a product-characteristics model of energy-using consumer durables, augmenting the hypothesis to allow for the influence of government regulations. For the products we explored, the evidence suggests: (i) the rate of overall innovation was independent of energy prices and regulations, (ii) the direction of innovation was responsive to energy price changes for some products but not for others, (iii) energy price changes induced changes in the subset of technically feasible models that were offered for sale, (iv) this responsiveness increased substantially during the period after energy-efficiency product labeling was required, and (v) nonetheless, a sizeable portion of...
Tipo: Working or Discussion Paper Palavras-chave: Induced innovation; Energy efficiency; Technological change; Economic incentives; Regulation; Standards; Climate change; Resource /Energy Economics and Policy; L51; O31; O38; Q40; Q20; Q48.
Ano: 1998 URL: http://purl.umn.edu/10521
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Impact of Revised CO2 Growth Projections for China on Global Stabilization Goals AgEcon
Blanford, Geoffrey J.; Richels, Richard G.; Rutherford, Thomas F..
Recent growth in carbon dioxide emissions from China’s energy sector has exceeded expectations. In a major US government study of future emissions released in 2007 (1), participating models appear to have substantially underestimated the near-term rate of increase in China’s emissions. We present a recalibration of one of those models to be consistent with both current observations and historical development patterns. The implications of the new specification for the feasibility of commonly discussed stabilization targets, particularly when considering incomplete global participation, are profound. Unless China’s emissions begin to depart soon from their (newly projected) business-as-usual path, stringent stabilization goals may be unattainable. The...
Tipo: Working or Discussion Paper Palavras-chave: Energy-Economy Modeling; China; Economic Growth Rates; Energy Intensity; International Climate Policy; Q48; H23; O13.
Ano: 2008 URL: http://purl.umn.edu/42921
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The Relative Impacts of U.S. Bio-Fuel Policies on Fuel-Energy Markets: A Comparative Static Analysis AgEcon
Kim, C.S.; Schaible, Glenn D.; Daberkow, Stan G..
Rapidly declining gasoline prices from their record high during the summer of 2008, while ethanol prices remained relatively high, made it difficult for many bio-fuel policy modelers to fully explain the impacts of U.S. bio-fuel policies on fuel prices. Using profit-maximization models for blenders, refiners, and distillers, we conduct a comparative static analysis to measure the relative magnitudes of the impacts of tax credits and blending mandates on fuel-energy market equilibrium prices. Our results indicate that first, the prices of all fuels including conventional gasoline, ethanol, and blended gasoline decline as the biofuel tax credit increases, but they increase as the rate of the blending mandate increases. Second, the shadow value of a blending...
Tipo: Journal Article Palavras-chave: Bio-fuel tax credits; Blended gasoline; Blender’s market power; Mandated blending; Tariff; Agribusiness; Marketing; Political Economy; Resource /Energy Economics and Policy; Q11; Q21; Q42; Q48.
Ano: 2010 URL: http://purl.umn.edu/57157
Registros recuperados: 92
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