Related papers: Towards a representative social cost of carbon
The average revenue, or market value, of wind and solar energy tends to fall with increasing market shares, as is now evident across European electricity markets. At the same time, these markets have become more interconnected. In this…
Most studies that examine CO2-neutral, or near CO2-neutral, power systems by using energy system models investigate Europe or the United States, while similar studies for other regions are rare. In this paper, we focus on the Middle East…
The claimed unanimity of the scientific community about the human culpability for global warming is questioned. Up today there exists no scientific proof of human culpability. It is not the number of authors of a paper, which validates its…
Carbon dioxide removal (CDR) moves atmospheric carbon to geological or land-based sinks. In a first-best setting, the optimal use of CDR is achieved by a removal subsidy that equals the optimal carbon tax and marginal damages. We derive…
Putting a price on carbon -- with taxes or developing carbon markets -- is a widely used policy measure to achieve the target of net-zero emissions by 2050. This paper tackles the issue of producing point, direction-of-change, and density…
The growing urgency of the climate crisis has driven the implementation of diverse policy instruments to mitigate greenhouse gas (GHG) emissions. Among them, carbon pricing mechanisms such as carbon taxes and emissions trading systems…
This paper synthesizes evidence on climate change impacts specific to U.S. populations. We develop an apples-to-apples comparison of econometric studies that empirically estimate the relationship between climate change and gross domestic…
This study proposes a tractable stochastic choice model to identify motivations for prosocial behavior, and to explore alternative motivations of deliberate randomization beyond ex-ante fairness concerns. To represent social preferences, we…
Many real-world situations of ethical and economic relevance, such as collective (in)action with respect to the climate crisis, involve not only diverse agents whose decisions interact in complicated ways, but also various forms of…
Carbon pricing has become a central pillar of modern climate policy, with carbon taxes and emissions trading systems (ETS) serving as the two dominant approaches. Although economic theory suggests these instruments are equivalent under…
Algorithmic predictions are increasingly informing societal resource allocations by identifying individuals for targeting. Policymakers often build these systems with the assumption that by gathering more observations on individuals, they…
The effectiveness of fiscal policy to influence vehicle purchases for emissions reductions in private passenger road transport depends on its ability to incentivise consumers to make choices oriented towards lower emissions vehicles.…
Solar PV yield nowcasting is used to help anticipate peaks and troughs in demand to support grid integration. This paper compares multiple low-resource approaches to nowcasting solar PV yield, using a dataset of UK satellite imagery and…
Important issues about climate change are summarized and discussed: A large body of evidence shows that the world climate is getting warmer. Climate models give a consistent explanation of this observation once human-made emissions of…
Civilization produces knowledge, which acts as the driving force of its development. A macro-model of civilization that accounts for the effect of knowledge production on population, energy consumption and environmental conditions is…
In a world increasingly powered by renewables and aiming for greenhouse gas-neutral industrial production, the future competitiveness of todays top manufacturing countries is questioned. This study applies detailed energy system modeling to…
The impacts of climate change are intensifying existing vulnerabilities and disparities within urban communities around the globe, as extreme weather events, including floods and heatwaves, are becoming more frequent and severe,…
We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2019. We show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate…
Climate change is a critical issue that will be in the political agenda for the next decades. While it is important for this topic to be discussed at higher levels, it is also of paramount importance that the populations became aware of the…
We present an analytical model to evaluate the reductions in emissions resulting from geographic load shifting. This model is optimistic as it ignores issues of grid capacity, demand and curtailment. In other words, real-world reductions…