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Market mechanisms to address Climate Change
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0627.pdf5 Dec 2023: They are expected to attract half of global energy investment over the next 25 years. ... Second, the least ambitious country might limit the global CO2 price to a lowest common denominator. -
1 Risk-opportunity analysis for transformative policy design and…
https://www.landecon.cam.ac.uk/sites/default/files/2023-05/wp25.pdf19 Oct 2023: 31. b. Disequilibrium dynamics in complexity economics. 31. c. Path-dependence and the direction of change in complex economic systems. ... INNOVATION POLICY PROBLEM. The urgency of climate change and the inadequacy of the global response has led some to. -
Commitment through Financial Markets – A Way to Address…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0625.pdf5 Dec 2023: September 12, 2006. Commitments through Financial Options. A Way to Facilitate Compliance with Climate Change Obligations. ... uncertainty in case of a later change of law, such submissal to arbitration would not only. -
Does the Social Cost of Carbon Matter?: An Assessment ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1323.pdf7 Dec 2023: wanted to focus solely on domestic net benefits, instead of including global benefits from CO2. ... 4. Discussion. There are several issues related to the use of a global SCC. -
Learning by Doing with Constrained Growth Rates
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0917.pdf6 Dec 2023: In order to bound global warming, the Intergovernmental Panel on Climate Change. ... in D̄ has a positive sign, as indicated by the ‘’ at the corresponding arrow) and theoptimal price floor increases (opposite direction compared to change in price -
Hepburn160606
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0621.pdf5 Dec 2023: One example of national earmarking is the UK Carbon Trust, which receives revenues from the UK ... It is clear that legislative bodies have the authority to change regulatory frameworks, -
LaingGrubbAbstract2 EPRG 1004
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1004.pdf6 Dec 2023: climate change to be a fundamentally stock problem. ... 8. parameterised for climate change and apply them to a focused analysis on the investment-incentives offered to a firm. -
PRICING CARBON FOR ELECTRICITY GENERATION: NATIONAL AND INTERNATIONAL …
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0722.pdf6 Dec 2023: Establishing a price for carbon is best done internationally because climate change is a global problem requiring collective action.” (DTI, 2006, p27). ... The UK Government’s approach to climate change is thus based on sound economics. -
www.eprg.group.cam.ac.uk The Political Economy of Carbon Pricing: a…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1627.pdf8 Dec 2023: expected to strongly oppose policy change. See Joskow and Schmalesee (1998) for evidence of. ... unable to pass the cost through entirely, then the change in equilibrium market price will not. -
www.eprg.group.cam.ac.uk When is a carbon price floor desirable? EPRG …
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1816.pdf8 Dec 2023: 2.1. EU ETS reform. Securing the unanimous agreement of 28 countries to change a system that, via its low carbon price, clearly benefits some coal-intensive electricity systems has proven ... Nevertheless, the fixed price did little to incentivise
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