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Linking Reduced Deforestation and a Global Carbon Market: Impacts on Costs, Financial Flows, and Technological Innovation AgEcon
Bosetti, Valentina; Lubowski, Ruben N.; Golub, Alexander; Markandya, Anil.
Discussions over tropical deforestation are currently at the forefront of climate change policy negotiations at national, regional, and international levels. This paper analyzes the effects of linking Reduced Emissions from Deforestation and Forest Degradation (REDD) to a global market for greenhouse gas emission reductions. We supplement a global climate-energy-economy model with alternative cost estimates for reducing deforestation emissions in order to examine a global program for stabilizing greenhouse gas concentrations at 550 ppmv of CO2 equivalent. Introducing REDD reduces global forestry emissions through 2050 by 20-22% in the Brazil-only case and by 64-88% in the global REDD scenarios. At the same time, REDD lowers the total costs of the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon market; Climate change; Innovation; Mitigation; Policy costs; Offsets; Reduced Emissions from Deforestation and Degradation (REDD); Technological change; Tropical deforestation; Environmental Economics and Policy; Q23; Q24; Q42; Q52; Q54; Q55.
Ano: 2009 URL: http://purl.umn.edu/52544
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Effects of Low-cost Offsets on Energy Investment – New Perspectives on REDD – AgEcon
Golub, Alexander; Fuss, Sabine; Szolgayova, Jana; Obersteiner, Michael.
Tropical deforestation is one of the major sources of carbon emissions, but the Kyoto Protocol presently excludes avoiding these specific emissions to fulfill stabilization targets. Since the 13th Conference of the Parties (COP) to the UNFCCC in 2007, where the need for policy incentives for the reduction of emissions from deforestation and degradation (REDD) was first officially recognized, the focus of this debate has shifted to issues of implementation and methodology. One question is how REDD would be financed, which could be solved by integrating REDD credits into existing carbon markets. However, concern has been voiced regarding the effects that the availability of cheap REDD credits might have on energy investments and the development of clean...
Tipo: Working or Discussion Paper Palavras-chave: Real Options; Energy Investment; Cap-And-Trade; REDD; Environmental Economics and Policy; Q23; Q28.
Ano: 2009 URL: http://purl.umn.edu/50402
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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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Air Pollution Costs in Ukraine AgEcon
Strukova, Elena; Golub, Alexander; Markandya, Anil.
The paper presents estimation of the health losses from urban air pollution in Ukraine. The methodology developed by US EPA and adjusted in Russia for Eastern European transition countries was applied for health risk assessment. PM2.5 was identified as the major source of human health risk, based on experience from the Russian studies. In the absence of reliable computed concentrations of PM2.5, the study was based on monitoring data of total suspended particle (TSP) emissions in Ukraine. Additional cases of mortality and morbidity were calculated based on reporting data on TSP concentration that was recalculated into PM2.5. Then the concentration–response function was applied to estimate individual risk. Next, individual risk was applied to the...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/12206
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ENVIRONMENTAL PROTECTION AND ECONOMIC REFORM IN RUSSIA AgEcon
Kolstad, Charles D.; Golub, Alexander.
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 1993 URL: http://purl.umn.edu/11905
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USING ECONOMIC INCENTIVES TO CONTROL POLLUTION IN RUSSIA AgEcon
Golub, Alexander; Kolstad, Charles D..
This paper investigates Russia's system of environmental management, especially economic tools used to control pollution. It also describes the Russian experience with a system of pollution fees. In particular, we consider how the system of pollution fees works, how fee levels are set, the incentive properties of the fees, and the ultimate use to the Russian government of the revenue from the emission fees. Although the emission fees are quite substantial for some pollutants, the incentive properties of the fees are almost nonexistent. The primary purpose of pollution fees is to generate funds for state-owned enterprises to invest in pollution abatement equipment. This is substantially different from the operation of a pollution fee in the West.
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 1995 URL: http://purl.umn.edu/11879
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Uncertainty in Integrated Assessment Models of Climate Change: Alternative Analytical Approaches AgEcon
Golub, Alexander; Narita, Daiju; Schmidt, Matthias G.W..
Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of climate change and identify some future research needs. In the paper, we pay particular attention to three different and complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling, the most common way to incorporate uncertainty in complex climate-economy models: the real options analysis, a simplified way to identify and value flexibility: the continuous-time stochastic dynamic programming, which is computationally most challenging but necessary...
Tipo: Working or Discussion Paper Palavras-chave: Uncertainty; Learning; Economics of Climate Change; Integrated Assessment Models; Real Options; Environmental Economics and Policy; D81; Q54; C61.
Ano: 2011 URL: http://purl.umn.edu/99638
Registros recuperados: 7
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