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Registros recuperados: 4
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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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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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Using the Market to Address Climate Change: Insights from Theory and Experience AgEcon
Aldy, Joseph E.; Stavins, Robert N..
Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual consumption, business investment, and government spending. An effective climate policy will have to modify the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon-intensity of energy, and – more broadly – a more carbon-lean economy. The only approach to doing this on a meaningful scale that would be technically feasible and cost-effective is carbon pricing, that is, market-based climate policies that place a shadow-price on carbon dioxide emissions. We examine alternative designs of three such instruments – carbon taxes, cap-and-trade, and clean energy...
Tipo: Working Paper Palavras-chave: Global Climate Change; Market-Based Instruments; Carbon Pricing; Carbon Taxes; Cap-And-Trade; Clean Energy Standards; Environmental Economics and Policy; Q540; Q580; Q400; Q480.
Ano: 2011 URL: http://purl.umn.edu/119095
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Interactions between State and Federal Climate Change Policies AgEcon
Goulder, Lawrence H.; Stavins, Robert N..
Federal action addressing climate change is likely to emerge either through new legislation or via the U.S. EPA’s authority under the Clean Air Act. The prospect of federal action raises important questions regarding the interconnections between federal efforts and state-level climate policy developments. In the presence of federal policies, to what extent will state efforts be cost-effective? How does the co-existence of state- and federal-level policies affect the ability of state efforts to achieve emissions reductions? This paper addresses these questions. We find that state-level policy in the presence of a federal policy can be beneficial or problematic, depending on the nature of the overlap between the two systems, the relative stringency of...
Tipo: Working or Discussion Paper Palavras-chave: Global Climate Change; Federalism; Cap-And-Trade; Carbon Tax; Regulation; Environmental Economics and Policy; H110; H770; K320; L510; Q480; Q540.
Ano: 2010 URL: http://purl.umn.edu/93413
Registros recuperados: 4
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