|
|
|
|
|
| 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 |
| |
|
| |
|
|
| Gerlagh, Reyer. |
| Fear for oil exhaustion and its consequences on economic growth has been a driver of a rich literature on exhaustible resources from the 1970s onwards. But our view on oil has remarkably changed and we now worry how we should constrain climate change damages associated with oil and other fossil fuel use. In this climate change debate, economists have pointed to a green paradox: when policy makers stimulate the development of non-carbon energy sources to (partly) replace fossil fuels in the future, oil markets may anticipate a future reduction in demand and increase current supply. The availability of ‘green’ technologies may increase damages. The insight comes from the basic exhaustible resource model. We reproduce the green paradox and to facilitate... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Green Paradox; Climate Change; Exhaustible Resources; Fossil Fuels; Resource /Energy Economics and Policy; Q31; Q54. |
| Ano: 2010 |
URL: http://purl.umn.edu/59419 |
| |
|
|
|
