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Registros recuperados: 37
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Reinforcing the EU Dialogue with Developing Countries on Climate Change Mitigation AgEcon
Vohringer, Frank; Haurie, Alain; Guan, Dabo; Labriet, Maryse; Loulou, Richard; Bosetti, Valentina; Shukla, Pryadarshi R.; Thalmann, Philippe.
The FP6 TOCSIN project has evaluated climate change mitigation options in China and India and the conditions for strategic cooperation on research, development and demonstration (RD&D) and technology transfer with the European Union. In particular, the project investigated the strategic dimensions of RD&D cooperation and the challenge of creating incentives to encourage the participation of developing countries in post-2012 GHG emissions reduction strategies and technological cooperation. This paper summarizes the main policy-relevant results of the project, including the requests for: (I) almost immediate decisions on ambitious mitigation; (II) a strong increase in Annex I support regarding R&D spending and technology transfer; (III) a...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Technology Transfers; Environmental Economics and Policy; Q54; Q55.
Ano: 2010 URL: http://purl.umn.edu/60746
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Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost? AgEcon
Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; Tavoni, Massimo.
Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and no agreement on an ambitious global stabilisation target has yet been reached. It is thus likely that some, if not all countries, will delay the adoption of effective climate policies. This delay will affect the cost of future policy measures that will be required to abate an even larger amount of emissions. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding the global stabilisation target to be...
Tipo: Working or Discussion Paper Palavras-chave: Uncertainty; Climate Policy; Stabilisation Costs; Delayed Action; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2008 URL: http://purl.umn.edu/44219
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Fossil Fuel Extraction and Climate Policy: A Review of the Green Paradox with Endogenous Resource Exploration AgEcon
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
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Nuclear versus Coal plus CCS: A Comparison of Two Competitive Base-load Climate Control Options AgEcon
Tavoni, Massimo; van der Zwaan, Bob.
In this paper we analyze the relative importance and mutual behavior of two competing base-load electricity generation options that each are capable of contributing significantly to the abatement of global CO2 emissions: nuclear energy and coal-based power production complemented with CO2 capture and storage (CCS). We also investigate how, in scenarios from an integrated assessment model that simulates the economics of a climate-constrained world, the prospects for nuclear energy would change if exogenous limitations on the spread of nuclear technology were relaxed. Using the climate change economics model WITCH we find that until 2050 the resulting growth rates of nuclear electricity generation capacity become comparable to historical rates observed...
Tipo: Working or Discussion Paper Palavras-chave: Economic Competition; Electricity Sector; Nuclear Power; Coal Power; CCS; Renewables; Climate Policy; Research and Development/Tech Change/Emerging Technologies; D8; D9; H0; O3; O4; Q4; Q5.
Ano: 2009 URL: http://purl.umn.edu/55327
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Changing the Allocation Rules in the EU ETS: Impact on Competitiveness and Economic Efficiency AgEcon
Demailly, Damien; Quirion, Philippe.
We assess five proposals for the future of the EU greenhouse gas Emission Trading Scheme (ETS): pure grandfathering allocation of emission allowances (GF), output-based allocation (OB), auctioning (AU), auctioning with border adjustments (AU-BA), and finally output-based allocation in sectors exposed to international competition combined with auctioning in electricity generation (OB-AU). We look at the impact on production, trade, CO2 leakage and welfare. We use a partial equilibrium model of the EU 27 featuring three sectors covered by the EU ETS – cement, steel and electricity – plus the aluminium sector, which is indirectly impacted through a rise in electricity price. The leakage ratio, i.e. the increase in emissions abroad over the decrease in EU...
Tipo: Working or Discussion Paper Palavras-chave: Emission Trading; Allowance Allocation; Leakage; Spillover; Climate Policy; Kyoto Protocol; Border Adjustment; Environmental Economics and Policy; Q5.
Ano: 2008 URL: http://purl.umn.edu/46623
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Estimating Co-benefits of Agricultural Climate Policy in New Zealand: A Catchment-Level Analysis AgEcon
Daigneault, Adam J.; Greenhalgh, Suzie; Samarasinghe, Oshadhi; Sinclair, Robyn.
This paper uses an economic catchment model to assess changes in land use, enterprise distribution, greenhouse gas emissions and nutrient loading levels from a series of policies that introduce carbon prices or nutrient reduction caps on land-based production in the Hurunui Catchment in Canterbury, New Zealand. At $20/tCO2e, net revenue for the catchment is reduced by 7% from baseline levels while GHGs are reduced by 3%. At $40/ tCO2e, net revenue is reduced by 15% while GHGs are reduced by 21%. Nitrogen and phosphorous loading levels within the catchment were also reduced when landowners face a carbon price, thus providing other benefits to the environment. Additional scenarios in this paper assess the impacts from developing a large-scale irrigation...
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture and Forestry Modeling; Land Use; Climate Policy; Greenhouse Gas Emissions; Water Quantity; Water Quality; Agricultural and Food Policy; Environmental Economics and Policy; Q23; Q24; Q25; Q54.
Ano: 2011 URL: http://purl.umn.edu/103855
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The Impact of Unilateral Climate Policy with Endogenous Plant Location and Market Size Asymmetry AgEcon
Sanna-Randaccio, Francesca; Sestini, Roberta.
This paper analyses the impact of unilateral climate policy on firms’ international location strategies in emission-intensive sectors, when countries differ in terms of market size. The cases of partial and total relocation via foreign direct investment are separately considered. A simple international duopoly model highlights the differences between short-term and long-term effects. In the short-term no change in location is a likely outcome in very capital-intensive sectors, and when there is a strategy shift this takes the form of partial instead of total relocation. In the long-run total relocation becomes a feasible outcome. However we found that, when tighter mitigation measures are introduced by the larger country and unit transport cost is high,...
Tipo: Working or Discussion Paper Palavras-chave: Foreign Direct Investment; Carbon Leakage; Climate Policy; Relocation; Transport Costs; Welfare; Environmental Economics and Policy; F12; F23; Q58.
Ano: 2010 URL: http://purl.umn.edu/94789
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Abatement and Transaction Costs of Carbon-Sink Projects Involving Smallholders AgEcon
Cacho, Oscar J.; Lipper, Leslie.
Agroforestry projects have the potential to help mitigate global warming by acting as sinks for greenhouse gasses. However, participation in carbon-sink projects may be constrained by high costs. This problem may be particularly severe for projects involving smallholders in developing countries. Of particular concern are the transaction costs incurred in developing projects, measuring, certifying and selling the carbon-sequestration services generated by such projects. This paper addresses these issues by analysing the implications of transaction and abatement costs in carbon-sequestration projects. A model of project participation is developed, which accounts for the conditions under which both buyers and sellers would be willing to engage in a carbon...
Tipo: Working or Discussion Paper Palavras-chave: Agroforestry; Climate Policy; Carbon Sequestration Costs; Environmental Economics and Policy; Q23; Q57; O1; O13.
Ano: 2007 URL: http://purl.umn.edu/9324
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Modelling Economic Impacts of Alternative International Climate Policy Architectures. A Quantitative and Comparative Assessment of Architectures for Agreement AgEcon
Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; Tavoni, Massimo.
This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Integrated Modelling; International Agreements; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2008 URL: http://purl.umn.edu/44535
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Safe vs. Fair: A Formidable Trade-off in Tackling Climate Change AgEcon
Tavoni, Massimo; Chakravarty, Shoibal; Socolow, Robert.
Global warming requires a response characterized by forward-looking management of atmospheric carbon and respect for ethical principles. Both safety and fairness must be pursued, and there are severe trade-offs as these are intertwined by the limited headroom for additional atmospheric CO2 emissions. This paper provides a simple numerical mapping at the aggregated level of developed vs. developing countries in which safety and fairness are formulated in terms of cumulative emissions and cumulative per capita emissions respectively. It becomes evident that safety and fairness cannot be achieved simultaneously for strict definitions of both. The paper further posits potential global trading in future cumulative emissions budgets in a world where financial...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Burden Sharing; Negative Emissions; Environmental Economics and Policy; Q01; Q56.
Ano: 2011 URL: http://purl.umn.edu/115818
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Beyond Copenhagen: A Realistic Climate Policy in a Fragmented World AgEcon
Carraro, Carlo; Massetti, Emanuele.
We propose a realistic approach to climate policy based on the Copenhagen Agreement to reduce Greenhouse Gases (GHGs) emissions. We assess by how much the non-binding, although official, commitments to reduce emissions made in Copenhagen will affect the level of world GHGs emissions in 2020. Our estimates are based on official communications to the UNFCCC, on historic data and on the Business-as-Usual scenario of the WITCH model. We are not interested in estimating the gap between the expected level of emissions and what would be needed to achieve the 2°C target. Nor do we attempt to calculate the 2100 temperature level implied by the Copenhagen pledges. We believe these two exercises are subject to high uncertainty and would not improve the current state...
Tipo: Working or Discussion Paper Palavras-chave: Kyoto Protocol; International Climate Agreements; Climate Policy; Clean Development Mechanism; Environmental Economics and Policy; F5; Q01; Q54; Q58.
Ano: 2010 URL: http://purl.umn.edu/98094
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The Incentives to Participate in, and the Stability of, International Climate Coalitions: A Game-theoretic Analysis Using the Witch Model AgEcon
Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; Duval, Romain; Massetti, Emanuele; Tavoni, Massimo.
This paper uses WITCH, an integrated assessment model with a game-theoretic structure, to explore the prospects for, and the stability of broad coalitions to achieve ambitious climate change mitigation action. Only coalitions including all large emitting regions are found to be technically able to meet a concentration stabilisation target below 550 ppm CO2eq by 2100. Once the free-riding incentives of non-participants are taken into account, only a “grand coalition” including virtually all regions can be successful. This grand coalition is profitable as a whole, implying that all countries can gain from participation provided appropriate transfers are made across them. However, neither the grand coalition nor smaller but still environmentally significant...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Climate Coalition; Game Theory; Free Riding; Environmental Economics and Policy; C68; C72; D58; Q54.
Ano: 2009 URL: http://purl.umn.edu/54281
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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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Modeling Linkages Between Climate Policy and Land Use: An Overview AgEcon
van der Werf, Edwin; Peterson, Sonja.
Agriculture and forestry play an important role in emitting and storing greenhouse gases. For an efficient and cost-effective climate policy it is therefore important to explicitly include land use, land use change, and forestry (LULUCF) in economy-climate models. This paper gives an overview and assessment of existing approaches to include land use, land-use change, and forestry into climate-economy models or to link economy-climate models to land-use models.
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Climate Policy; Modeling; Land Use; Environmental Economics and Policy; Land Economics/Use; Q23; Q24; Q25; Q42.
Ano: 2007 URL: http://purl.umn.edu/9545
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How Does Climate Policy Affect Technical Change? An Analysis of the Direction and Pace of Technical Progress in a Climate-Economy Model AgEcon
Carraro, Carlo; Massetti, Emanuele; Nicita, Lea.
This paper analyses whether and how a climate policy designed to stabilize greenhouse gases in the atmosphere is likely to change the direction and pace of technical progress. The analysis is performed using an upgraded version of WITCH, a dynamic integrated regional model of the world economy. In this version, a non-energy R&D Sector, which enhances the productivity of the capital-labor aggregate, has been added to the energy R&D sector included in the original WITCH model. We find that, as a consequence of climate policy, R&D is re-directed towards energy knowledge. Nonetheless, total R&D investments decrease, due to a more than proportional contraction of non-energy R&D. Indeed, when non-energy and energy inputs are weakly...
Tipo: Working or Discussion Paper Palavras-chave: Technical Change; Climate Policy; Stabilization Cost; R&D Investments; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2009 URL: http://purl.umn.edu/50357
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Alternative Paths toward a Low Carbon World AgEcon
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo.
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Stabilization Costs; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2010 URL: http://purl.umn.edu/90948
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Incentives and Stability of International Climate Coalitions: An Integrated Assessment AgEcon
Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; Massetti, Emanuele; Tavoni, Massimo.
This paper analyses the incentives to participate in and the stability of international climate coalitions. Using the integrated assessment model WITCH, the analysis of coalitions’ profitability and stability is performed under alternative assumptions concerning the pure rate of time preference, the social welfare aggregator and the extent of climate damages. We focus on the profitability, stability, and “potential stability” of a number of coalitions which are “potentially effective” in reducing emissions. We find that only the grand coalition under a specific sets of assumptions finds it optimal to stabilise GHG concentration below 550 ppm CO2-eq. However, the grand coalition is found not to be stable, not even “potentially stable” even through an...
Tipo: Working Paper Palavras-chave: Climate Policy; Climate Coalition; Game Theory; Free Riding; Environmental Economics and Policy; C68; C72; D58; Q54.
Ano: 2011 URL: http://purl.umn.edu/120048
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Carbon markets, transaction costs and bioenergy AgEcon
Cacho, Oscar J..
Payment for carbon sequestration by agriculture and forestry can provide incentives for adoption of sustainable agricultural practices. However, a project involving contracts with farmers may face high transaction costs in showing that net emission reductions are real and attributable to the project. This paper presents a model of project participation that includes transaction and abatement costs. A project feasibility frontier (PFF) is derived, which shows the minimum project size that is feasible for any given market price of carbon. The PFF is used to analyse how the design of a climate mitigation program may affect the feasibility of actual projects.
Tipo: Conference Paper or Presentation Palavras-chave: Climate Policy; Greenhouse Effect; Carbon Sequestration; Agroforestry; Transaction Costs; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6007
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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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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
Registros recuperados: 37
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