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The French Biodiesel Production: An Assessment of the Impacts and Interaction Effects of Policy Instruments AgEcon
Doumax, Virginie.
Replaced with revised version of paper 07/18/10.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Blend mandate; Subsidy; Social costs; Agricultural and Food Policy; Resource /Energy Economics and Policy; H23; Q41; Q42; Q48.
Ano: 2010 URL: http://purl.umn.edu/61698
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Demand-Side Management Programs Under Retail Electricity Competition AgEcon
Brennan, Timothy J..
Demand-side management programs comprise subsidies from franchised electric utilities for the purchase of high-efficiency appliances; e.g., air conditioners. Competition in power generation threatens the viability of these programs. However, it should also reduce the warrant for them. Under regulation, the justification for such programs depends, somewhat paradoxically, on below marginal-cost pricing. Eliminating regulation should permit pricing flexibility to discourage excessive on-peak energy use. It should also eliminate the assurance of returns that may have encouraged overbuilding of generation capacity. Entrants and incumbent utilities should find it easier to offer "energy services," i.e., to bundle electricity with appliances, if consumers are too...
Tipo: Working or Discussion Paper Palavras-chave: Electricity restructuring; Energy conservation; Regulatory policy; Resource /Energy Economics and Policy; L51; L94; Q48.
Ano: 1998 URL: http://purl.umn.edu/10615
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Forest Carbon Sinks: European Union, Japanese, and Canadian Approaches AgEcon
Amano, Masahiro; Sedjo, Roger A..
This report compares the approaches of the governments of Japan, Canada, and the European Union member countries toward using carbon sinks to meet their respective Kyoto Protocol carbon reduction targets. Various policies have been proposed by which governments can sequester carbon by promoting afforestation and reforestation, slowing deforestation, and undertaking forest management activities under Articles 3.3 and 3.4. At this time, carbon emissions reduction programs are still under development, both within individual countries and within the context of the protocol. Although some of the details have been worked out, concrete definitions are often still lacking, especially as regards impermanence of forests, additionality, leakage, and socioeconomic and...
Tipo: Working or Discussion Paper Palavras-chave: Climate; Sinks; Kyoto Protocol; Forestry; Canada; Japan; European Union; Resource /Energy Economics and Policy; F01; Q23; Q28; Q48.
Ano: 2003 URL: http://purl.umn.edu/10913
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The Emergence of an Agro-Energy Sector: Is Agriculture Importing Instability from the Oil Sector? AgEcon
Muhammad, Andrew; Kebede, Ellene.
Tipo: Journal Article Palavras-chave: Corn; Oil; Ethanol; Biofuels; Prices; Agribusiness; Q11; Q42; Q48.
Ano: 2008 URL: http://purl.umn.edu/94695
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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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Exogenous Oil Shocks, Fiscal Policy and Sector Reallocations in Oil Producing Countries AgEcon
Cologni, Alessandro; Manera, Matteo.
Previous literature has suggested that different mechanisms of transmission of exogenous oil shocks are responsible for the negative effects on the economic performances of oil exporting countries. This paper aims at providing further evidence on the role of sectoral reallocation between private and public sectors in explaining the impact of shocks to oil revenues on the economic growth rates of major oil producing countries (namely the GCC - Gulf Corporation Council - countries). The effects of oil shocks and expansionary fiscal policy on the business cycle of oil producing countries are examined. The possibility to distinguish between various components of public sector spending policy (that is, purchases of consumption goods, investments in productive...
Tipo: Working or Discussion Paper Palavras-chave: Oil Shocks; Dutch Disease; Resource Curse and Real Business Cycle Modelling; Resource /Energy Economics and Policy; C61; E22; E62; Q48.
Ano: 2011 URL: http://purl.umn.edu/115726
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An Evaluation of Overseas Oil Investment Projects under Uncertainty Using a Real Options Based Simulation Model AgEcon
Zhu, Lei; Zhang, ZhongXiang; Fan, Ying.
This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the uncertainties of oil price and investment cost but also the uncertainties of exchange rate and investment environment. These unique features have enabled our model to be best equipped to evaluate the value of oil overseas investment projects of three oil field sizes (large, medium, small) and under different resource tax systems (royalty tax and production sharing contracts). In our empirical setting, we have selected China as an investor country and Indonesia as an...
Tipo: Working Paper Palavras-chave: Overseas Oil Investment; Project Value; Real Options; Least Squares Monte-Carlo; Resource /Energy Economics and Policy; Q41; Q43; Q48; G31; O13; O22; C63.
Ano: 2011 URL: http://purl.umn.edu/119106
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Research Frontiers in the Economics of Climate Change AgEcon
Toman, Michael.
Academic and policy debates over climate change risks and policies have stimulated economic research in a variety of fields. In this article I briefly discuss eight overlapping areas of current research in which further effort particularly is warranted. These areas include decision criteria for policy; risk assessment and adaptation; uncertainty and learning; abatement cost and the innovation and diffusion of technology; and the credibility of policies and international agreements. Further analysis in these areas not only will advance academic understanding but also will provide insights of considerable importance to policymakers.
Tipo: Working or Discussion Paper Palavras-chave: Climate change; Sustainable development; Integrated assessment; Environmental uncertainty; Environmental policy; Environmental Economics and Policy; Q25; Q28; Q48.
Ano: 1998 URL: http://purl.umn.edu/10507
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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/94620
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Comparison of a Fixed and Variable Corn Ethanol Subsidy AgEcon
Tyner, Wallace E.; Quear, Justin.
Tipo: Journal Article Palavras-chave: Agricultural and Food Policy; Crop Production/Industries; Q48.
Ano: 2006 URL: http://purl.umn.edu/94404
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Do Current U.S. Ethanol Policies Make Sense? AgEcon
Yano, Yuki; Blandford, David; Surry, Yves R..
Tipo: Report Palavras-chave: Agricultural and Food Policy; Q48; Q42; Q27; Q28.
Ano: 2010 URL: http://purl.umn.edu/93686
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Technology Adoption and Aggregate Energy Efficiency AgEcon
Pizer, William A.; Harrington, Winston; Kopp, Raymond J.; Morgenstern, Richard D.; Shih, Jhih-Shyang.
Improved technology is often cited as a means to alter the otherwise difficult trade-off between the economic burden of regulation and environmental damage. Focusing on energy-saving technologies that mitigate the threat of climate change, we find that both energy prices and financial health influence technology adoption among a sample of industrial plants in four heavily polluting sectors. Based on a model linking technology adoption to growth in aggregate efficiency, we estimate that a doubling of energy prices, after raising the growth rate to 2.1%, would require slightly more than 50 years to generate a 50% improvement in aggregate efficiency relative to the baseline forecast.
Tipo: Working or Discussion Paper Palavras-chave: Energy efficiency; Endogenous technological change; Technology adoption; Research and Development/Tech Change/Emerging Technologies; O31; O38; Q43; Q48.
Ano: 2002 URL: http://purl.umn.edu/10616
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Environmental Security and its Implications for China’s Foreign Relations AgEcon
Mochizuki, Junko; Zhang, ZhongXiang.
China’s emerging standing in the world demands a major rethinking of its diplomatic strategies. Given its population size, geographical scale, economic power and military presence, China is poised to play a larger political role in the twenty-first century, and is thus perceived by the international community to have greater capacities, capabilities and responsibilities. At the same time, environmental stresses caused by China’s energy and resources demands have become increasingly evident in recent years, urging China to cultivate delicate diplomatic relations with its neighbors and strategic partners. Tensions have been seen in areas such as transboundary air pollution, cross-border water resources management and resources exploitation, and more recently...
Tipo: Working or Discussion Paper Palavras-chave: Acid Rain; Climate Change; Energy; Environmental Security; Transboundary Air Pollution; Water Resource Management; Asia; Environmental Economics and Policy; Q25; Q34; Q48; Q42; Q53; Q54; Q56; Q58; O13; P28.
Ano: 2011 URL: http://purl.umn.edu/102508
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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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Incentives Matter: Assessing Biofuel Policies in the South AgEcon
Miller, J. Corey; Coble, Keith H..
As a result of the increase in the real cost of fossil fuel-based energy in recent years, federal and state governments have taken a more active role in energy policy by creating incentives to develop alternative sources of energy, including biofuels. However, policymakers often become focused on the specific type of energy and not the energy services consumers ultimately value. The lack of recognition of energy as a commodity results in policies that ignore the characteristics of the associated markets: easy entry and exit, no barriers to entry, and sensitivity to changes in supply and demand. Consequently, energy industries may fail to arise because entrepreneurs must be able to account for all costs and earn—at a minimum—a competitive return on the...
Tipo: Journal Article Palavras-chave: Alternative energy; Biofuels; Energy policy; Resource /Energy Economics and Policy; Q41; Q42; Q48.
Ano: 2011 URL: http://purl.umn.edu/113534
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The Linkages between Energy Efficiency and Security of Energy Supply in Europe AgEcon
Bigano, Andrea; Arigoni Ortiz, Ramon; Markandya, Anil; Menichetti, Emanuela; Pierfederici, Roberta.
It can be argued that one way to reduce the dependence from external energy sources, is simply to reduce the demand for energy. Energy savings may thus be considered a policy priority when concerns for energy security are particularly strong. Drawing on an original econometric approach, we check whether policies and measures that affect indicators of energy efficiency performance have an analogous effect on security of supply indicators, both at the whole economy level and within the main sectors of energy use in the EU 15 countries and Norway. Our analyses show that the indicators studied are affected by a number of policies and measures; however very few of them seem able to tackle effectively and simultaneously, energy efficiency, carbon efficiency and...
Tipo: Working or Discussion Paper Palavras-chave: Energy Efficiency; Energy Security; Policy Effectiveness; Europe; Resource /Energy Economics and Policy; Q40; Q48; Q58; C33.
Ano: 2010 URL: http://purl.umn.edu/90950
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The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results? AgEcon
Borghesi, Simone.
This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European Trading System of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the comparison of past goals and present results, it is argued that more credible targets for carbon emission reductions and renewable shares would probably help the transition towards an alternative energy system and the necessary reduction of greenhouse gases.
Tipo: Working or Discussion Paper Palavras-chave: Pollution; Sustainable Development; Climate Change; Fossil Fuels; Energy Policy; European Union; European Trading System (ETS); Cap-And-Trade; Renewable Energy Sources; Credibility; Environmental Economics and Policy; L11; Q28; Q38; Q42; Q43; Q48.
Ano: 2010 URL: http://purl.umn.edu/98099
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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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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 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
Registros recuperados: 92
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