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A dynamic micro-macro-economic model to assess water charging policies.
Sapino F, Parrado R, Pérez-Blanco CD.
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Capital Reallocation Under Climate Policy Uncertainty
SSRN Electronic Journal, 2023In a structural dynamic model that incorporates two broad production sectors with different carbon emissions, we find that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting
Khalil, Makram, Strobel, Felix
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Measuring Climate Policy Uncertainty
SSRN Electronic Journal, 2021This study presents a new measure of uncertainty related to climate policy, based on news from major US newspapers. The Climate Policy Uncertainty (CPU) index spikes near important events related to climate policy, such as new emissions legislation, global strikes about climate change and President’s statements about climate policy, among other ...
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Climate policy uncertainty and firm investment
International Journal of Finance & Economics, 2023AbstractThis article investigates the relation between climate policy uncertainty and firm investment in China. We quantify climate policy uncertainty in China based on the news from two leading mainland newspapers: the Renmin Daily and the Guangming Daily.
Tao Huang, Zeyu Sun
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Uncertainty and Climate-change Policy
2005Abstract One of the major issues in climate-change policy is the considerable uncertainty that surrounds many of the elements needed, in terms of the scientific understanding of the processes driving climate change, for example the risk of possible catastrophic effects of climate change, the impacts of any such changes on society and the
Ulph, A., Ingham, A.
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Climate Policy and Uncertainty
Energy & Environment, 2001This paper addresses the issue of the global and quantity-based design character of the Kyoto Protocol, where Annex-Parties' commitments are based on national emissions' ceilings and trading (under KP Art. 17) based thereupon. It is argued that the design could have been quite different, e.g.
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Efficient climate policies under technology and climate uncertainty
Energy Economics, 2009This article explores efficient climate policies in terms of investment streams into fossil and renewable energy technologies. The investment decisions maximise social welfare while observing a probabilistic guardrail for global mean temperature rise under uncertain technology and climate parameters.
Held, H. +3 more
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Climate Policy under Uncertainty
2011Die Herausforderungen des Klimawandels sind beispiellos in ihrem Ausmaß und ihrer Komplexität. Grob gesprochen sind es drei Aspekte, die den Klimawandel so problematisch machen. Der Klimawandel ist global, sowohl in seinen Ursachen als auch seiner Wirkung; seine Folgen werden über Jahrhunderte und viele Generationen zu spüren sein; und nicht zuletzt ...
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