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Registros recuperados: 118
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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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Governance and Environmental Policy Integration in Europe: What Can we learn from the EU Emission Trading Scheme? AgEcon
Sgobbi, Alessandra; Buchner, Barbara K.; Catenacci, Michela.
The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world's first large-scale greenhouse gas (GHG) trading program. The coexistence of state actors and top-down processes with stakeholders participation and flexible abatement strategies make the EU ETS a powerful instrument of cross sectoral integration of environmental concerns, which benefits from a high level of interaction among the actors involved and a significant degree of information exchange. However, the same peculiarities of the system make it difficult to identify a correspondence with a single mode of governance. The EU ETS shows characteristics of the decision making processes and institutions engaged, the tools and instruments used as...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Policy Integration; Climate Change; Emission Trading; EU Policy; Environmental Economics and Policy; H23; F53; Q28.
Ano: 2007 URL: http://purl.umn.edu/9544
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REGULATING ENVIRONMENTAL THREATS AgEcon
Tsur, Yacov; Zemel, Amos.
Environmental consequences of natural resource exploitation often entail threats of future occurrences of detrimental abrupt events rather than (or in addition to) inflicting a damage gradually. The possibility of abrupt occurrence of climate-change related calamities is a case in mind. The uncertainty associated with the realization of these threats and their public-bad nature complicate the determination of optimal economic response. We analyze the regulation of such environmental threats by means of a Pigouvian hazard tax, based on the shadow cost of the hazard-generating activities. A numerical example illustrates possible effects of the proposed regulation scheme.
Tipo: Working or Discussion Paper Palavras-chave: Environmental events; Emission; Climate change; Regulation; Pigouvian tax; Hazard rate; Uncertainty; Environmental Economics and Policy; H23; H41; O13; Q54; Q58.
Ano: 2006 URL: http://purl.umn.edu/7150
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The Economics of Wind Power: Destabilizing an Electricity Grid with Renewable Power AgEcon
Prescott, Ryan; van Kooten, G. Cornelis.
In this paper, we examine the impact policy choices, including a carbon tax, on the optimal allocation of power across different generation sources and on future investments in generating facilities. The focus in on the Alberta power grid as it is heavily dependent on fossil fuels and has only limited ties to other power grids, although the model could be extended to a larger and even multiple grids. Results indicate that, as wind penetrates the extant generating mix characterizing the grid, cost savings and emission reductions do not decline linearly, but at a decreasing rate. However, if flexibility is allowed then, as the carbon tax increases to $40 per tCO2 or above, existing coal plants start to be replaced by newly constructed wind farms and natural...
Tipo: Working or Discussion Paper Palavras-chave: Economics of wind power; Grid system modeling; Operations research; Carbon taxes; Coal power plants; Environmental Economics and Policy; Resource /Energy Economics and Policy; C61; H23; Q40; Q42.
Ano: 2007 URL: http://purl.umn.edu/37043
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Coordinating Development: Can Income-based Incentive Schemes Eliminate Pareto Inferior Equilibria? AgEcon
Bond, Philip; Pande, Rohini.
Individuals’ inability to coordinate investment may significantly constrain economic development. In this paper we study a simple investment game characterized by multiple equilibria and ask whether an income-based incentive scheme can uniquely implement the high investment outcome. A general property of this game is the presence of a crossover investment point at which an individual’s incomes from investment and non-investment are equal. We show that arbitrarily small errors in the government’s knowledge of this crossover point can prevent unique implementation of the high investment outcome. We conclude that informational requirements are likely to severely limit a government’s ability to use income-based incentive schemes as a coordination device.
Tipo: Working or Discussion Paper Palavras-chave: Coordination; Public policy; Income taxation; Implementation; International Development; O21; H23.
Ano: 2005 URL: http://purl.umn.edu/28436
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Dynamic regulation of nonpoint source pollution when the number of emitters is large AgEcon
Tsur, Yacov; de Gorter, Harry.
When a nonpoint source pollution process involves many polluters, each taking his own contribution to aggregate pollution to be negligible, ambient-based policies become ineffective due to lack of strategic interactions between dischargers. We offer a regulation mechanism for this case. The mechanism consists of inter-period and intra-period components. The first exploits ambient (aggregate) information to derive the optimal pollution and aggregate emission processes and the ensuing social price of emission. The intra-period mechanism takes as given the social price of emission and implements the optimal output-abatement-emission allocation across the heterogenous, privately informed firms in each time period. The mechanism gives rise to the full...
Tipo: Article Palavras-chave: Nonpoint source pollution; Abatement; Stock externality; Dynamic regulation; Markov decision process; Asymmetric information; Crop Production/Industries; C61; D82; H23; L51; Q58.
Ano: 2012 URL: http://purl.umn.edu/122124
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Employment, Income and Labour Supply Decision of Rural Households : An Economic Analysis of MGNREGS in Tamil Nadu AgEcon
Devi, T. Sivasakthi; Balasubramanian, R.; Kumar, B. Ganesh.
In India, Mahatma Gandhi National Rural Employment Guarantee Scheme (MGMGNREGS) is one of the major rural development programmes. It provides guaranteed employment to the rural households for 100 days in a year. This paper has attempted to find out the employment status, income and labour supply decision of the participants and non-participants of MGNREGS in Tamil Nadu. It has also studied the household nutritional security of these households. The study has revealed that the number of migrants in the family, number of livestock units owned, and number of person-days employed in agriculture, nonagriculture and MGNREGS are significantly influenced by the household income of the participants and non-participants of MGNREGS. The analysis of household...
Tipo: Article Palavras-chave: MGNREGS; Employment; Income; Labour supply; Agricultural and Food Policy; J21; J22; H23; I31.
Ano: 2011 URL: http://purl.umn.edu/119400
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Optimal Emission Tax with Endogenous Location Choice of Duopolistic Firms AgEcon
Ikefuji, Masako; Itaya, Jun-ichi; Okamura, Makoto.
This paper explores optimal environmental tax policy under which duopoly firms strategically choose the location of their plants in a simple three-stage game. We examine how the relationship between the optimal emission tax and the choice of location of duopoly firms affects the welfare of the home country. We characterize the relationship between the optimal emission tax and the fixed cost, depending on the degree of environmental damage from production. Finally, we show the existence of asymmetric equilibrium in which either firm chooses relocation of its plant even if the duopoly firms are identical ex ante.
Tipo: Working or Discussion Paper Palavras-chave: Environmental Policy; Relocation; Welfare; Environmental Economics and Policy; H23; L13.
Ano: 2010 URL: http://purl.umn.edu/59377
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Fiscal Interactions and the Case for Carbon Taxes over Grandfathered Carbon Permits AgEcon
Parry, Ian W.H..
This paper provides simple formulas for adjusting the costs of carbon taxes and tradable carbon permits to account for interactions with preexisting tax distortions in the labor market. Both policies reduce labor supply as they increase product prices and reduce real household wages; the resulting efficiency losses in the labor market can be substantial relative to partial equilibrium abatement costs. However, much of this added cost can be offset-and perhaps more than offset when additional distortions from the tax system are considered-if revenues from carbon taxes or auctioned permits are used to reduce distortionary taxes. Consequently, there can be a strong case on efficiency grounds for using carbon taxes or auctioned permits over grandfathered...
Tipo: Working or Discussion Paper Palavras-chave: Carbon taxes; Carbon permits; Fiscal interactions; Revenue recycling; Environmental Economics and Policy; Q28; H21; H23.
Ano: 2003 URL: http://purl.umn.edu/10509
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Vietnam’s New Environmental Tax Law: What Will it Cost? Who Will Pay? AgEcon
Coxhead, Ian A.; Van Chan, Nguyen.
We examine the effects of a proposed environmental tax in a small open developing economy, using an applied general equilibrium model linked to a household survey database. The burden of the tax, applied primarily to fossil fuels, is passed forward by non-traded industries and backward by industries selling into the world market. It causes efficiency and competitiveness losses equivalent to those of a real exchange rate appreciation, and since export industries are in general highly labor-intensive, is regressive and thus poverty-increasing. The budget-neutral use of increased tax revenues to raise spending on anti-poverty programs can offset most of the losses of poor households, but does not create new jobs. The extent of overall losses and their...
Tipo: Working or Discussion Paper Palavras-chave: Carbon tax; Environmental tax; Poverty; Labor market; General equilibrium; Vietnam; Environmental Economics and Policy; D58; H23; O53; Q52.
Ano: 2011 URL: http://purl.umn.edu/116704
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The Welfare Effects of Greenhouse Gas Emissions in German Pork Production AgEcon
Heinrich, Barbara; von Cramon-Taubadel, Stephan.
Greenhouse gas (GHG) emissions are an externality of the pork production process. To respond to climate change concerns and reduce GHG emissions, internalizing this external effect using a market-based economic instrument would be economically efficient. We calculate the welfare effects of GHG emissions using a partial equilibrium model of the German pork market. Sensitivity analysis is used to investigate the impacts of emission prices and emission rates on the welfare effects of reducing GHG emissions. Potential overall welfare gains amount to roughly € 360,000 in the base setting and increase to roughly € 3 million when emission prices are tripled. This sensitivity highlights the need for more dependable estimates of key parameters such as emission...
Tipo: Conference Paper or Presentation Palavras-chave: Welfare effects; Greenhouse gas emissions; Pork production; Partial equilibrium model; Environmental Economics and Policy; Food Consumption/Nutrition/Food Safety; H23; Q18; Q54.
Ano: 2011 URL: http://purl.umn.edu/108793
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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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Early Emissions Reduction Programs: An Application to CO2 Policy AgEcon
Parry, Ian W.H.; Toman, Michael.
In the wake of the December 1997 Kyoto Protocol, which, if implemented, would oblige the United States and other industrialized countries to reduce greenhouse gases (GHGs) by 2008-2012, a number of proposals have been offered to increase the incentives for reducing emissions over the nearer term. The existence of an interim period between setting and implementing environmental goals is ubiquitous in environmental policymaking. The existence of this interim period gives rise to several potential rationales for early emissions reductions. In this paper we use a series of simple models and numerical illustrations to analyze some aspects of the performance of early emissions reduction programs in the case of GHGs. We show that there is a compelling economic...
Tipo: Working or Discussion Paper Palavras-chave: Early reduction credits; Carbon emissions; Welfare impacts; Permit banking; Cap-and-trade; Environmental Economics and Policy; Q28; H23; Q48.
Ano: 2000 URL: http://purl.umn.edu/10791
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The Economics of Fuel Economy Standards AgEcon
Portney, Paul R.; Parry, Ian W.H.; Gruenspecht, Howard K.; Harrington, Winston.
This paper discusses several rationales for the Corporate Average Fuel Economy (CAFE) program, including reduced oil dependence, reduced greenhouse gas emissions, and the possibility that fuel saving benefits from higher standards might exceed added vehicle costs. We then summarize what can be said about the welfare effects of tightening standards, accounting for prior fuel taxes, and perverse effects on congestion and traffic accidents through the impact of improved fuel economy on the incentive to drive. Implications of CAFE on local air pollution, and the controversy over CAFE, vehicle weight, and road safety, are also discussed. Finally, we describe ways in which the existing CAFE program could be substantially improved and identify a variety of...
Tipo: Working or Discussion Paper Palavras-chave: Fuel economy; Externalities; Oil dependency; Vehicle safety; Climate change; Resource /Energy Economics and Policy; R48; Q48; H23.
Ano: 2003 URL: http://purl.umn.edu/10863
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The Impact of First and Second Pillars' Aids from CAP on Farm Profits in France AgEcon
Osuch, Amanda.
The aim of the paper is to present a picture of the distribution of direct aids ("first" and "second" pillars of the Common Agricultural Policy or CAP) and their impact on farm profits among France in the year 2002. Analysis on separated impacts of each of these direct support schemes on farm profits among France allowed to assess whether these aids reduce or increase gaps between average farm profits between French departements (French administrative divisions).
Tipo: Conference Paper or Presentation Palavras-chave: Common Agricultural Policy; Direct aids; Farm profit; Less-favoured areas; Agricultural and Food Policy; H23; Q23.
Ano: 2005 URL: http://purl.umn.edu/24576
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Can Climate Change Mitigation Policy Benefit the Israeli Economy? A Computable General Equilibrium Analysis AgEcon
Palatnik, Ruslana Rachel; Shechter, Mordechai.
The growing attention to global warming due to greenhouse gas (GHG) emissions in the process of fossil fuel--based energy production is expressed in the Kyoto Protocol, which prescribes, on average, a 7 percent reduction in GHG emissions for developed countries. Although Israel was not included in the list of the obligated countries ("Annex A"), it should consider the economic implications of participating in the emission reduction effort, as such a commitment becomes highly feasible following the Bali roadmap which oblige a successor to the Kyoto Protocol to launch negotiations including all parties to the UNFCCC on a future framework, stressing the role of cooperative action and of common though differentiated responsibility. This study aimed to quantify...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium; Climate Change; Environmental Policy; Double Dividend; Israel; Environmental Economics and Policy; Public Economics; D58; H23; Q43; Q48; Q52.
Ano: 2008 URL: http://purl.umn.edu/6361
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Tax Rules, Land Development, and Open Space AgEcon
Simpson, R. David.
Concern about "open space" is growing. Conservation advocates worry that private land use decision-makers preserve too little open space. Yet private land developers are deciding on their own to preserve open space in new developments because it provides amenities to purchasers of lots. Moreover, tax provisions provide incentives for preserving more open space than would be privately optimal. Many jurisdictions have adopted "use-value assessment" standards granting favorable tax treatment to lands maintained in open space. Also, donations of open space can be deducted from income in computing tax liabilities. Both factors may be empirically important, although tax deductibility may have larger conservation effects than does use-value assessment. These...
Tipo: Working or Discussion Paper Palavras-chave: Income tax; Property tax; Tax deductions; Use-value assessment; Ecosystem services; Open space; Conservation; Amenity value; Land Economics/Use; H23; H41; H71; R14.
Ano: 2002 URL: http://purl.umn.edu/10741
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Computable General Equilibrium Analysis of the Economic and Land-use Interfaces of Bio-energy Development AgEcon
Abdula, Rahimaisa D..
This paper explores the inter-sectoral and land-use dynamics behind the development of bio-energy as a climate change policy through a computable general equilibrium (CGE) with a land use change (LUC) model. It assesses the economic and social costs of bio-energy development both in terms of the financial investment needed for its market penetration and in terms of the trade-offs its future supply will entail upon the land-use system. It analyzes how policies directed to develop bio-energy alters the pattern of energy mix and land utilization in the economy and how these changes in turn contribute to carbon dioxide (CO2) mitigation. Policies analyzed in the study include carbon tax with revenues recycled upon bio-energy subsidy and upon direct tax...
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy; D58; Q4; Q52; H23; O13.
Ano: 2006 URL: http://purl.umn.edu/25536
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Emissions Pricing, Spillovers, and Public Investment in Environmentally Friendly Technologies AgEcon
Fischer, Carolyn.
In a second-best world of below-optimal pollution pricing, the public return to R&D may be greater than under Pigouvian pricing, due to excess benefits of increasing abatement, or it may be lower, since private actors lack the incentives to take full advantage of the new, cleaner technologies. This paper uses a simple model to demonstrate the interaction between environmental policies, R&D externalities, and the social return to innovation. The results indicate that strong public support for innovation is only justified if at least a moderate emissions policy is in place and spillover effects are significant. Furthermore, in most cases, policy constraints that limit regulatory burdens tend to further limit the scope for public support, even when...
Tipo: Working or Discussion Paper Palavras-chave: Emissions price; Technological innovation; Spillovers; R&D policy; Environmental Economics and Policy; Q28; O38; H23.
Ano: 2004 URL: http://purl.umn.edu/10648
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Agri-Environmental Policies When the Spatial Pattern of Biodiversity Reserves Matters AgEcon
Bamiére, Laure; David, Maia; Vermont, Bruno.
The aim of this paper is to compare different policy instruments for cost-effective habitat conservation on agricultural lands, when the desired spatial pattern of reserves is a random mosaic. We use a spatially explicit mathematical programming model which studies the farmers' behavior as profit maximizers under technical and administrative constraints. Facing different policy measures, each farmer chooses its land-use at the field level, which determines the landscape at the regional level. A spatial pattern index (Ripley L function) is then associated to the obtained landscape, indicating on the degree of dispersion of the reserve. We compare a subsidy per hectare of reserve with an auction scheme and an agglomeration malus. We find that the auction is...
Tipo: Conference Paper or Presentation Palavras-chave: Agri-environmental policies; Biodiversity; Mathematical programming; Spatial optimization; Reserve design; Cost-efficiency; Environmental Economics and Policy; Resource /Energy Economics and Policy; H23; Q57; Q12; Q28.
Ano: 2011 URL: http://purl.umn.edu/114239
Registros recuperados: 118
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