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Carbon contracts-for-difference: How to de-risk innovative investments for a low-carbon industry?
iScience, 2022 Summary: The shift to climate neutrality requires new process technologies for energy-intensive industries, such as steel, chemicals, or cement. A variety of technology options exist – but they face the challenges of (i) first-of-kind costs, (ii) higher ...
Jörn C. Richstein, Karsten Neuhoff
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Democratic inclusiveness, climate policy outputs, and climate policy outcomes [PDF]
Democratization, 2015 In an ideal inclusive political system, all citizens are equally able to influence and challenge policies. We focus on how inclusiveness affects climate policies and outcomes. We argue that more inclusive systems should produce more policies in response to environmental threats and should have better outcomes.
Böhmelt, Tobias +2 more
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Energies, 2023 The decarbonisation policies for the EU building stock can improve living conditions, including thermal comfort and lower energy bills. However, these measures may impose financial burdens on low-income households, reducing their disposable income and ...
Ivana Rogulj +4 more
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Discounting and Climate Policy [PDF]
SSRN Electronic Journal, 2020 Abstract The social rate of discount is a crucial driver of the social cost of carbon (SCC), that is, the expected present discounted value of marginal damages resulting from emitting one ton of carbon today. Policy makers should set carbon prices to the SCC using a carbon tax or a competitive permits market.
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Climate Risk Decision-making:Translation of Decision Support into Policy [PDF]
, 2022 Despite mounting evidence and warnings of current and future climate risks, climate policy in the UK and globally falls far short of achieving the required reductions in greenhouse gas emissions needed to stave off the risks posed by climate change, and ...
Shuckburgh, Emily +5 more
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Climate Policy Without Commitment [PDF]
SSRN Electronic Journal, 2010 Climate mitigation policy should be imposed over a long period, and spur development of new technologies in order to make stabilization of green house gas concentrations economically feasible. The government may announce current and future policy packages that stimulate current R&D in climate-friendly technologies.
Rolf Golombek +2 more
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Optimal Climate Policy in the Presence of Another Country’s Climate Policy [PDF]
Strategic Behavior and the Environment, 2020 The allowances in an emission trading system (ETS) are commonly allocated for free to the emission-intensive and trade-exposed sector, e.g., in the form of output-based allocation (OBA). Recently an approach combining OBA with a consumption tax has been proposed to mitigate carbon leakage. This paper evaluates the potential outcome in a game of climate
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Climate Policy and Development [PDF]
, 2009 We propose a development-compatible refunding system designed to mitigate climate change. Industrial countries pay an initial fee into a global fund. Each country chooses its national carbon tax. Part of the global fund is refunded to developing and industrial countries, in proportion to the relative emission reductions they achieve.
Hans Gersbach, Noemi Hummel
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The role of policies in reducing the cost of capital for offshore wind
iScience, 2023 Summary: Offshore wind will play a critical role in decarbonizing Europe’s energy infrastructure. Nevertheless, according to recent financing cost surveys, its investment risk expressed as the cost of capital (CoC) is higher than for onshore wind and ...
Mak Đukan +3 more
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Does a change in the ‘global net zero’ language matter?
Global Sustainability, 2023 Non-technical summary Changes in language used in long term climate policy can undermine their credibility and discourage climate action. Previous IPCC reports have promoted an idea of reaching ‘global net zero’ (GNZ) emissions by 2050 in order to limit
Hannah Parris +2 more
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