8 results found
Others   |  
Towards Agent-Based Integrated Assessment Models: Examples, Challenges, and Future Developments. 

Understanding the complex, dynamic, and non-linear relationships between human activities, the environment and the evolution of the climate is pivotal for policy design and requires appropriate tools. Despite the existence of different attempts to link the economy (or parts of it) to the evolution of the climate, results have often been disappointing and criticized. In this paper, we discuss the use of agent-based modeling for climate policy integrated assessment. 



Category:  Macroeconomics of Climate Change
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Application of Computable General Equilibrium to Climate Change Mitigation Policy: A Systematic Review.

With the growing literature related to climate change mitigation measures and policy interventions, a systematic review of the application of computable general equilibrium (CGE) model is inevitable. Therefore, this article aims to characterise the relevant studies, define a comparative framework to identify the current state-of-the-art and the gaps in applied general equilibrium models.

Category:  Macroeconomics of Climate Change

Others   |  
Fossil Fuel Subsidy Reforms and Their Impacts on Firms. 

While the potential adverse effects of fossil fuel subsidy reform are well documented for households, the literature has largely ignored the effect of subsidy reform on firms’ competitiveness. This paper discusses how firms are affected by, and respond to, energy price increases caused by subsidy reforms. It highlights that cost increases (both direct and indirect) do not necessarily reflect competitiveness losses, since firms have various ways to mitigate and pass on price shocks.

Category:  Distribution, Competitiveness & Political Economy

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Carbon Pricing in Climate Policy: Seven Reasons, Complementary Instruments, And Political Economy Considerations. 

Carbon pricing is a recurrent theme in debates on climate policy. Discarded at the 2009 COP in Copenhagen, it remained part of deliberations for a climate agreement in subsequent years. As there is still much misunderstanding about the many reasons to implement a global carbon price, ideological resistance against it prospers. Here, we present the main arguments for carbon pricing, to stimulate a fair and well‐informed discussion about it. These include considerations that have received little attention so far.

Category:  Fiscal Instruments for Climate Policy, Distribution, Competitiveness & Political Economy

Others   |  
It Is All About Political Incentives: Democracy and the Renewable Feed-In Tariff.

Demand for renewable energy is booming. Scholars often attribute this success to feed-in tariffs (FITs), which mandate that energy utilities pay a premium to renewable electricity producers and guarantee grid access for them. Why have so many countries, including least-developed ones, adopted these policies?

Category:  Distribution, Competitiveness & Political Economy

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Current Climate Models Are Grossly Misleading.

Nicholas Stern calls on scientists, engineers and economists to help policymakers by better modelling the immense risks to future generations, and the potential for action.



Category:  Macroeconomics of Climate Change
IMF   |  
Implementing a US Carbon Tax: Challenges and Debates

This book is about the practicalities of introducing a carbon tax in the United States, set against the broader fiscal context. It consists of thirteen chapters, written by leading experts, covering the full range of issues policymakers would need to understand, such as the revenue potential of a carbon tax, how the tax can be administered, the advantages of carbon taxes over other mitigation instruments and the environmental and macroeconomic impacts of the tax. A carbon tax can work in the United States.

Category:  Fiscal Instruments for Climate Policy, Distribution, Competitiveness & Political Economy

Others   |  
A Preliminary Review of the American Recovery and Reinvestment Act’s Clean Energy Package

The American Recovery and Reinvestment Act included more than $90 billion in strategic clean energy investments intended to promote job creation and promote deployment of low-carbon technologies. In terms of spending, the clean energy package has been described as the nation’s “biggest energy bill in history.” To provide a preliminary assessment of the Recovery Act’s clean energy package, this paper reviews the rationale, design, and implementation of the act.

Category:  Fiscal Instruments for Climate Policy, Distribution, Competitiveness & Political Economy