Related papers: The fiscal implications of stringent climate polic…
The international community aims to limit global warming to 1.5{\deg}C, but little progress has been made towards a global, cost-efficient, and fair climate mitigation plan to deploy carbon dioxide removal (CDR) at the Paris Agreement's…
There is great uncertainty about future climate conditions and the appropriate policies for managing interactions between the climate and the economy. We develop a multidimensional computational model to examine how uncertainties and risks…
Although developing countries are called to participate in CO2 emission reduction efforts to avoid dangerous climate change, the implications of proposed reduction schemes in human development standards of developing countries remain a…
Whole-economy scenarios for limiting global warming to 1.5C suggest that direct carbon emissions in the buildings sector should decrease to almost zero by 2050, but leave unanswered the question how this could be achieved by real-world…
The most dangerous effects of anthropogenic climate change can be mitigated by using emissions taxes or other regulatory interventions to reduce greenhouse gas (GHG) emissions. This paper takes a regulatory viewpoint and describes the…
Climate policy has become increasingly politicized in many countries including the US, with some political parties unwilling to pursue strong measures. Therefore, to be successful in mitigation, climate policies must be politically…
First-best climate policy is a uniform carbon tax which gradually rises over time. Civil servants have complicated climate policy to expand bureaucracies, politicians to create rents. Environmentalists have exaggerated climate change to…
A first-order analysis concludes it is feasible to store the carbon needed to meet the Paris targets in structural materials and use less energy and at a lower cost than our use of extractive materials, steel, aluminum, and concrete.…
The United States has long pursued regulations that aim to reduce fossil fuel use. However, while potential emission reduction motivates the introduction and enforcement of these regulations, realization of this potential does not obfuscate…
Despite decades of climate policy and rapid improvements in energy efficiency, global CO2 emissions continue to rise, suggesting the presence of structural drivers that offset efficiency gains. Here we identify financial leverage as a key…
How should taxes on externality-generating activities be adjusted if they are regressive? In our model, the government raises revenue using distortionary income and commodity taxes. If more or less productive people have identical tastes…
To assess the impact of potential future climate pledges after the first Global Stocktake, we propose a simple, transparent framework for developing emission and temperature scenarios by country. We show that current pledges with…
The European Union (EU) aims to reach carbon neutrality by 2050. This requires capturing CO2, eventually transporting it to different regions, and either converting it into valuable products or sequestering it underground. Although the…
In order to explore the possibility of carbon credits for greening projects, which play an important role in climate change mitigation, this paper examines a formula for estimating the amount of carbon fixation for greening activities in…
We need enough new carbon sinks to 1) cancel out any continuing use of fossil fuels, 2) overcome the delayed effect of earlier excesses, and then 3) lower atmospheric CO2 concentrations to the old maximum value of 280 ppm. We need to sink…
The social cost of carbon (SCC) serves as a concise gauge of climate change's economic impact, often reported at the global and country level. SCC values are disproportionately high for less-developed, populous countries. Assessing the…
This paper studies how household heterogeneity affects the level and cyclical behavior of the optimal carbon tax in a real economy. We demonstrate that an equity-efficiency trade-off arises due to income inequality and heterogeneity in the…
To achieve climate neutrality, synergies between circular economy and reduction of greenhouse gas emissions must be strengthened. Previously idle emission reduction potentials of resource efficiency are to be exploited. Since all…
Climate change is a global challenge caused by greenhouse gas emissions from fossil fuel use. Indonesia, as a developing country, faces major challenges in implementing carbon tax policies to reduce emissions, especially related to their…
Greenhouse gas (GHG) metrics, that is, conversion factors to evaluate the emissions of non-CO2 climate forcers on a common scale with CO2, serve crucial functions upon the implementation of the Paris Agreement. While different metrics have…