Download or read book Essays in Climate Policy and Exhaustible Resource Economics written by Niko Samuli Jaakkola and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Climate Policy and Exhaustible Resource Economics written by Niko Jaakkola and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Environmental and Resource Economics written by Anthony C. Fisher and published by Edward Elgar Publishing. This book was released on 1995 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume features essays dealing with a range of theoretical, measurement and policy issues in environmental and resource economics. Focusing on the integration of environmental considerations into decisions about extractive resource use, both in theory and practice, the essays range from exercises in the pure theory of resource depletion, to applications of theoretical and empirical techniques and the management of resources. Particular attention is given to uncertainty about environmental values and the irreversibility of certain kinds of resource depletion. The volume should be of interest to researchers, practitioners and policy makers.

Download or read book The Green Paradox written by Hans-Werner Sinn and published by MIT Press. This book was released on 2012-02-03 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist develops a supply-side approach to fighting climate change that encourages resource owners to leave more of their fossil carbon underground. The Earth is getting warmer. Yet, as Hans-Werner Sinn points out in this provocative book, the dominant policy approach—which aims to curb consumption of fossil energy—has been ineffective. Despite policy makers' efforts to promote alternative energy, impose emission controls on cars, and enforce tough energy-efficiency standards for buildings, the relentlessly rising curve of CO2 output does not show the slightest downward turn. Some proposed solutions are downright harmful: cultivating crops to make biofuels not only contributes to global warming but also uses resources that should be devoted to feeding the world's hungry. In The Green Paradox, Sinn proposes a new, more pragmatic approach based not on regulating the demand for fossil fuels but on controlling the supply. The owners of carbon resources, Sinn explains, are pre-empting future regulation by accelerating the production of fossil energy while they can. This is the “Green Paradox”: expected future reduction in carbon consumption has the effect of accelerating climate change. Sinn suggests a supply-side solution: inducing the owners of carbon resources to leave more of their wealth underground. He proposes the swift introduction of a “Super-Kyoto” system—gathering all consumer countries into a cartel by means of a worldwide, coordinated cap-and-trade system supported by the levying of source taxes on capital income—to spoil the resource owners' appetite for financial assets. Only if we can shift our focus from local demand to worldwide supply policies for reducing carbon emissions, Sinn argues, will we have a chance of staving off climate disaster.

Download or read book Discounting and Environmental Policy written by Joel Scheraga and published by Routledge. This book was released on 2018-04-27 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was published in 2003.The "International Library of Environmental Economics and Policy" explores the influence of economics on the development of environmental and natural resource policy. In a series of 25 volumes, the most significant journal essays in key areas of contemporary environmental and resource policy are collected. Scholars who are recognized for their expertise and contribution to the literature in the various research areas serve as volume editors and write essays that provides the context for the collection. Volumes in the series reflect three broad strands of economic research including: natural and environmental resources; policy instruments and institutions; and methodology. The editors, in their introduction to each volume, provide a state-of-the-art overview of the topic and explain the influence and relevance of the collected papers on the development of policy. This reference series provides access to the economic literature that has shaped contemporary perspectives on land use analysis and policy.

Download or read book Climate Change and Common Sense written by Thomas C. Schelling and published by Oxford University Press. This book was released on 2012-01-26 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each chapter represents a contribution to the literature on the political economy of climate change.

Download or read book Climate Policy and Nonrenewable Resources written by Karen Pittel and published by MIT Press. This book was released on 2014-08-15 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Too rapidly rising carbon taxes or the introduction of subsidies for renewable energies induce owners of fossil fuel reserves to increase their extraction rates for fear of their reserves becoming worthless. Fossil fuel use is thus brought forward. The resulting acceleration of global warming and counter-productivity of well-intended climate policy has been coined the Green Paradox. This volume presents a range of studies extending the basic analysis to allow for clean energy alternatives, dirty energy alternatives, and the intricate strategic issues between different countries on the globe.

Download or read book The Global Environment Natural Resources and Economic Growth written by Alfred Greiner and published by Oxford University Press. This book was released on 2008-07-25 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, the public attention has turned toward the intricate interrelation between economic growth and global warming. This book focuses on this nexus but broadens the framework to study the issue. Growth is seen as global growth, which affects the global environment and climate change. Global growth, in particular high economic growth rates, imply a fast depletion of renewable and non-renewable resources. Thus this book deals with the impact of the environment and the effect of the exhaustive use of natural resources on economic growth and welfare of market economies as well as the reverse linkage. It is arranged in three parts: Part I of the book discusses the environment and growth. There, Greiner and Semmler incorporate the role of environmental pollution into modern endogenous growth models and use recently developed dynamic methods and techniques to derive appropriate abatement activities that policymakers can institute. Part II looks at global climate change using these same growth models. Here, too, the authors provide direct and transparent policy implications. More specifically, the authors favour tax measures, such as a carbon tax, over emission trading as instruments of mitigation policies. Part III evaluates the use and overuse of renewable and non-renewable resources in the context of a variety of dynamic models. They, in particular, consider the cases when resources interact as an ecological system and analyze issues of ownership of resources as well as policy measures to avoid the overuse of resources. In addition, not only intertemporal resource allocation but also the eminent issues relating to intertemporal inequities, as well as policy measures to overcome them, are discussed in each part of the book.

Download or read book Economics of Climate Change and Environmental Policy written by Robert N. Stavins and published by Edward Elgar Publishing. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With an original introduction, this title brings together key articles and essays on the economics of climate change and environmental policy written by Professor Stavins.

Download or read book Environmental Natural Resource Economics written by Edward Tower and published by . This book was released on 1990 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on the International Aspects in Resource and Environmental Economics written by Z. Yang and published by . This book was released on 1993 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dissertation examines several theoretic and empirical issues in resource and environmental economics. Chapter One of this dissertation discusses a dynamic trade problems of a resource-scarce and capital-short open economy. In this economy, exhaustible resources are traded for foreing capital. Different from previous researches on the similar topics, we allow for endogenous export renevue. The optimal trade behavior of the economy is discussed here. The efficiency conditions for the optimal trading under different assumptions are derived. Those conditions are corresponding the famous Hotelling rules in a closed economy. Finally, the policy implications of the results are indicated. Chapter Two analyses the properties of cumulative public good or externality. The public good represents some major concerns in environmental economics, such as "greenhouse" effect and ozone layer depletion. I set up a theoretic model of cumulative public good which reflects the dynamics process like global warming. I show that when the time discount factor of agents in the model goes to one, the paths of Pareto optimal allocations and competitive equilibria converge. Further more, under certain conditions, when the time discount factor of agents goes to one, any gains by a unilateral deviation from the efficient path by an agent becomes arbitrarily small. Namely, a Pareto optimal allocation can be supported by an e-Nash equilibrium, where e goes to zero when the time discount factor of agents goes to one. I also discuss the policy implications of the above properties. Chapter Three balyses the free-riding behavior in the international cooperation in dealing with global warming issues within the framework of a general equilibrium model of economic growth and global warming developed by W.D. Nordhaus (1992). I test the theoretic properties of cumulative public good proved in Chapter Two here. The testing results show that the severeness of free-riding behavior is decreasing when the time discount factor of the nations goes to one. Based on the above results, I suggest an incentive compatible policy package, with punitive taxation and environmental bonds as the components, supporting the international cooperation in controlling the emissions of global warming gases.

Download or read book Essays in Environmental Economics and the Role of Risk Inequality and Time written by Johannes Emmerling and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis consists of three chapters. It considers several aspects of risk, inequality, and time preferences applied to topics in environmental and resource economics. The first chapter studies the optimal extraction of a non-renewable resource under uncertainty using a stylized discrete-time approach in the spirit of the literature on precautionary savings. We find that boundedness of the utility function, in particular the assumption about U(0) gives very different results in the two settings which are frequently considered as equivalent. Taking into account the substitutablility of the resource, we show that prudence is no longer sufficient to ensure a more conversationist extraction policy than under certainty. Our explanation for this surprising result is that the decision maker only considers the trade-off between today's and tomorrow's consumption if she consumes a strictly positive amount tomorrow. This 'doomsday anyway effect' counteracts the effect of prudence. In the second chapter, I study the optimal consumption discount rate taking into account income inequality within a generation between countries. We show that if the dispersion of income inequality decreases over time, the global consumption discount rate should under certain conditions be lower than in the case without inequality. With actual growth predictions used in the context of climate change, we find that the discount rate for short horizons should be almost twice as high than without considering inequality, but decreasing over the time horizon. Moreover, I show that these results also hold qualitatively when we extend the setting allowing inequality, risk, and fluctuation aversion to differ. The third chapter (co-written with David Anthoff) analyzes the roles of equity weighting and discounting providing a method allowing to separately studying their impact for computing the Social Cost of carbon. We apply our method using the FUND Model to compute the SCC and reach three conclusions. First, the impact of equity weights is greatly reduced if we use weights that do not alter the rate of discount. Second, equity-weighted estimates are sensitive to the resolution of the impact estimates used. Third, the assumption of constant damages seems unreasonable on this context and correcting for this assumption, the effect of equity weighting becomes less strong than in previous studies.

Download or read book The Impact of Climate Policy on Environmental and Economic Performance written by Rolf Färe and published by Routledge. This book was released on 2016-07-15 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sweden has a long history of ambitious environmental, energy and climate policy. Due to the large amount of data available it is possible to perform statistically sound analysis and assess long term changes in productivity, efficiency, and technological development. The data at hand together with Sweden’s ambitious energy and climate policy provides a unique opportunity to shed light on pertinent policy issues. The Impact of Climate Policy on Environmental and Economic Performance answers several key questions: What is the effect of the CO2 tax on environmental performance and profitability of firms? Does including emissions in productivity measurement of the industrial firm matter? Did the introduction of the EU ETS spur technological development in the Swedish industrial firm? What air pollutant is most inhibiting production when regulated? Being aware and learning from the Swedish case can be very relevant for countries that are in the process of shaping their climate policy. This book is of great importance to researchers and policy makers who are interested in environmental economics, industrial economics and climate change.

Download or read book Three Essays on Environmental Economics written by Dale S. Rothman and published by . This book was released on 1993 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Climate Economics written by Richard S.J. Tol and published by Edward Elgar Publishing. This book was released on with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique and erudite second edition can be used at three different levels – advanced undergraduate, post-graduate and doctoral. It comprehensively covers the critical issues on the economics of climate change and climate policy features and clearly identifies the specific sections each level of reader should explore. Topics include the costs and benefits of adaptation and mitigation, discounting, uncertainty, policy instruments, and international agreements. Lectures can be combined with exercises, guided reading, or the building and application of an integrated assessment model. The book is accompanied by a website with background material, data, opinion pieces and videos. Although primarily intended for use in the classroom, anyone with an interest in climate policy can use this text as a reference.

Download or read book Essays on the Economics of Climate Change Biofuel and Food Prices written by Charles Seguin and published by . This book was released on 2012 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is likely to be the most important global pollution problem that humanity has had to face so far. In this dissertation, I tackle issues directly and indirectly related to climate change, bringing my modest contribution to the body of human creativity trying to deal with climate change. First, I look at the impact of non-convex feedbacks on the optimal climate policy. Second, I try to derive the optimal biofuel policy acknowledging the potential negative impacts that biofuel production might have on food supply. Finally, I test empirically for the presence of loss aversion in food purchases, which might play a role in the consumer response to food price changes brought about by biofuel production. Non-convexities in feedback processes are increasingly found to be important in the climate system. To evaluate their impact on the optimal greenhouse gas (GHG) abate- ment policy, I introduce non-convex feedbacks in a stochastic pollution control model. I numerically calibrate the model to represent the mitigation of greenhouse gas (GHG) emissions contributing to global climate change. This approach makes two contributions to the literature. First, it develops a framework to tackle stochastic non-convex pollu- tion management problems. Second, it applies this framework to the problem of climate change. This approach is in contrast to most of the economic literature on climate change that focuses either on linear feedbacks or environmental thresholds. I find that non-convex feedbacks lead to a decision threshold in the optimal mitigation policy, and I characterize how this threshold depends on feedback parameters and stochasticity. There is great hope that biofuel can help reduce greenhouse gas emissions from fossil fuel. However, there are some concerns that biofuel would increase food prices. In an optimal control model, a co-author and I look at the optimal biofuel production when it competes for land with food production. In addition oil is not exhaustible and output is subject to climate change induced damages. We find that the competitive outcome does not necessarily yield an underproduction of biofuels, but when it does, second best policies like subsidies and mandates can improve welfare. In marketing, there has been extensive empirical research to ascertain whether there is evidence of loss aversion as predicted by several reference price preference theories. Most of that literature finds that there is indeed evidence of loss aversion for many different goods. I argue that it is possible that some of that evidence seemingly supporting loss aversion arises because price endogeneity is not properly taken into account. Using scanner data I study four product categories: bread, chicken, corn and tortilla chips, and pasta. Taking prices as exogenous, I find evidence of loss aversion for bread and corn and tortilla chips. However, when instrumenting prices, the "loss aversion evidence" disappears.

Download or read book Adaptation and Resilience written by Bonnie G. Colby and published by Routledge. This book was released on 2011 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2011. Routledge is an imprint of Taylor & Francis, an informa company.