Related papers: The fiscal implications of stringent climate polic…
We develop a computational framework for deriving Pareto-improving and constrained optimal carbon tax rules in a stochastic overlapping generations (OLG) model with climate change. By integrating Deep Equilibrium Networks for fast policy…
We develop a dynamic multi-region climate-economy model with emissions trading and solve for the dynamic Nash equilibrium under noncooperation, where each region follows Paris Agreement-based emissions caps. The permit price reaches $923…
It is important to understand how the emissions of different regions, sectors, or climate forcers play a role on pathways toward the Paris Agreement temperature targets. There are however methodological challenges for attributing individual…
There are many published estimates of the social cost of carbon. Some are clear outliers, the result of poorly constrained models. Percentile winsorizing is an option, but I here propose conceptual winsorizing: The social cost of carbon is…
We estimate the causal effect of external debt on greenhouse gas emissions in a panel of 78 emerging market and developing economies over the 1990-2015 period. Unlike previous literature, we use external instruments to address the potential…
We explore the integration of climate action and Sustainable Development Goals (SDGs) in nationally determined contributions (NDCs), revealing persistent synergies and trade-offs across income groups. While high-income countries emphasize…
Recent analyses indicate that the amount of atmospheric CO2 required to cause dangerous climate change is at most 450 ppm, and likely less than that. Reductions of non-CO2 climate forcings can provide only moderate, albeit important,…
Climate adaptation could yield significant benefits. However, the uncertainty of which future climate scenarios will occur decreases the feasibility of proactively adapting. Climate adaptation projects could be underwritten by benefits paid…
Climate physical risks pose an increasing threat to urban infrastructure, necessitating urgent climate adaptation measures to protect lives and assets. Implementing such measures, including the development of resilient infrastructure and…
Green hydrogen is critical for decarbonising hard-to-electrify sectors, but faces high costs and investment risks. Here we define and quantify the green hydrogen ambition and implementation gap, showing that meeting hydrogen expectations…
The social cost of carbon is the damage avoided by slightly reducing carbon dioxide emissions. It is a measure of the desired intensity of climate policy. The social cost of carbon is highly uncertain because of the long and complex…
Carbon taxes are increasingly popular among policymakers but remain politically contentious. A key challenge relates to their distributional impacts; the extent to which tax burdens differ across population groups. As a response, a growing…
The EU targets 10 Mt of green hydrogen production by 2030, but has not committed to targets for 2040. Green hydrogen competes with carbon capture and storage, biomass and imports in reaching emissions reductions; earlier studies have…
The mitigation of climate change requires a fundamental transition of the energy system. Affordability, reliability and the reduction of greenhouse gas emissions constitute central but often conflicting targets for this energy transition.…
Recent experimental works demonstrated that the Anthropogenic Global Warming (AGW) hypothesis, embodied in a series of Intergovernmental Panel on Climate Change (IPCC) global climate models, is erroneous. These works prove that atmospheric…
In the present study, for the first time, an effort sharing approach based on Inertia and Capability principles is proposed to assess European Union (EU27) carbon budget distribution among the Member States. This is done within the context…
This paper explores the optimal policy for using an allocated carbon emission budget over time with the objective to maximize profit, by explicitly taking into account present-biased preferences of decision-makers, accounting for…
The global climate change creates a dire need to mitigate greenhouse gas (GHG) emissions from thermal generation resources (TGRs). While microgrids are instrumental in enabling the deeper penetration of renewable resources, the short-term…
Reconciling agricultural production with climate-change mitigation is a formidable sustainability problem. Retaining trees in agricultural systems is one proposed solution, but the magnitude of the current and future-potential benefit that…
Combined climate mitigation/geoengineering approach has better economic utility, less emission control rate and temperature increase than mitigation alone. If setting the 50% reduction rate and 2^\circC temperature increase as constrains,…