nep-res New Economics Papers
on Resource Economics
Issue of 2011‒10‒22
ten papers chosen by
Maximo Rossi
Universidad de la Republica

  1. Adaptation in the Water Sector By Ulric Trotz; Roger S. Pulwarty
  2. Australia's Carbon Tax: A Sheep in Wolf's Clothing? By Spash, Clive L.; Lo, Alex Y.
  3. The Impact of Climate Change on Water Resources in the Caribbean By Ulric Trotz
  4. Climate Change Adaptation and Water Resources in the Caribbean Region By John Charlery
  5. Distortionary Taxes and Public Investment in a Model of Endogenous Investment Specific Technological Change By Bishnu, Monisankar; Ghate, Chetan; Gopalakrishnan, Pawan
  6. Estimates of the Social Cost of Carbon: Background and Results from the RICE-2011 Model By William D. Nordhaus
  7. Fair Intergenerational Sharing of a Natural Resource By Hippolyte D'Albis; Stefan Ambec
  8. Climate and Change By Roger S. Pulwarty
  9. Environmental innovations, local networks and internationalization By Giulio Cainelli; Massimiliano Mazzanti; Sandro Montresor
  10. Climate Models, Interpreting Results, and Impacts By Michael Taylor; Tannecia S. Stephenson

  1. By: Ulric Trotz; Roger S. Pulwarty
    Abstract: This presentation specifically focused on adaptation measures - what is being done and what can be done in the water sector to adapt to climate change impacts. Very specific options and suggestions were presented.
    Keywords: Environment & Natural Resources :: Climate Change, Environment & Natural Resources :: Water Management
    Date: 2011–03
  2. By: Spash, Clive L.; Lo, Alex Y.
    Abstract: The Australian Government has produced a CO2-equivalent tax proposal with a difference, it is a short prelude to an emission trading scheme that will allow the increasing rate of emissions to continue, while being a net cost to the Treasury. That cost extends to allowing major emitters to make guaranteed windfall profits from pollution permits. The emission trading scheme suffers numerous problems, but the issues raised show taxes can also be watered down and made ineffectual through concessions. Taxpayers will get no assets from the billions of dollars to be spent buying-off the coal generators or other polluters. The scheme hopes to stimulate private investors to create an additional 12 percent in renewable electricity generation by 2020. A serious emissions reducing alternative would be to create a nationalised electricity sector with 100 percent renewable energy within a decade. We explore the difficulties of implementing meaningful greenhouse gas taxes in Australia.
    Keywords: greenhouse gases; taxation; emission trading; climate change; regulation; renewable energy; Australia
    JEL: D62 Q54 H23 Q58
    Date: 2011–10–03
  3. By: Ulric Trotz
    Abstract: This presentation gives a focus on the impacts of climate change on water resources in the Caribbean. This was a very specific presentation trying to outline the vulnerabilities and the risks to the water sector from climate change.
    Keywords: Environment & Natural Resources :: Climate Change, Environment & Natural Resources :: Water Management
    Date: 2011–03
  4. By: John Charlery
    Abstract: Discussion of climate change impacts in the Caribbean based on model projections including interpretation of the model results for more detailed impacts the Region could expect as the climate continues to change.
    Keywords: Environment & Natural Resources :: Climate Change, Environment & Natural Resources :: Water Management
    Date: 2011–03
  5. By: Bishnu, Monisankar; Ghate, Chetan; Gopalakrishnan, Pawan
    Abstract: We construct a model of endogenous investment specific techological change in which the stock of public capital influences the real price of capital goods. We show that the growth and welfare maximizing tax rates coincide in the planned economy. When factor income taxes finance public investment infintely many tax-subsidy combinations can decentralize the planner's allocations. The optimal capital income tax can be positive in this environment. We then augment the model to incorporate administrative costs. A unique combination of factor income taxes now decentralizes the planner's allocations. A simple calibration exercise suggests that changes in factor income taxes does not cause a significant change in the optimal growth rate or welfare. Our framework broadens the environment in which investment specific technological change occurs, and characterizes the role of optimal factor income taxation in raising long run growth and welfare.
    Keywords: Investment Specific Technological Change; Endogenous Growth; Capital Income Taxation; Public Policy; Administrative Costs
    JEL: E2 H2 E6 O4
    Date: 2011–10–14
  6. By: William D. Nordhaus (Cowles Foundation, Yale University)
    Abstract: A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its analytical background. We estimate the SCC using an updated version of the RICE-2011 model. Additional concerns are uncertainty about different aspects of global warming as well as the treatment of different countries or generations. The most important results are: First, the estimated social cost of carbon for the current time (2015) including uncertainty, equity weighting, and risk aversion is $44 per ton of carbon (or $12 per ton CO_{2}) in 2005 US$ and international prices). Second, including uncertainty increases the expected value of the SCC by approximately 8 percent. Third, equity weighting generally tends to reduce the SCC. Finally, the major open issue concerning the SCC continues to be the appropriate discount rate.
    Keywords: Social cost of carbon, Climate change, Carbon price, Equity weights
    JEL: Q54 Q5 H4
    Date: 2011–10
  7. By: Hippolyte D'Albis (LERNA - Economie des Ressources Naturelles - INRA : UR1081 - CEA : DPG - Université des Sciences Sociales - Toulouse I, TSE - Toulouse School of Economics - Toulouse School of Economics); Stefan Ambec (LERNA - Economie des Ressources Naturelles - INRA : UR1081 - CEA : DPG - Université des Sciences Sociales - Toulouse I, TSE - Toulouse School of Economics - Toulouse School of Economics)
    Abstract: In this article, overlapping generations are extracting a natural resource over an infinite future. We examine the fair allocation of resource and compensations among generations. Fairness is defined by core lower bounds and aspiration upper bounds. The core lower bounds require that every coalition of generations obtains at least what it could achieve by itself. The aspiration upper bounds require that no coalition of generations enjoys a higher welfare than it would achieve if nobody else extracted the resource. We show that, upon existence, the allocation that satisfies the two fairness criteria is unique and assigns to each generation its marginal contribution to the preceding generation. Finally, we describe the dynamics of such an allocation.
    Keywords: Natural Resources; Sustainable; Core; Fairness; Overlapping generations
    Date: 2010–03
  8. By: Roger S. Pulwarty
    Abstract: A presentation about the basics of climate change - the science, the impacts, and the consequences. The focus is on water and the Caribbean in particular but the information is general. It includes information about climate change mitigation and climate change adaptation.
    Keywords: Environment & Natural Resources :: Climate Change, Environment & Natural Resources :: Water Management
    Date: 2011–03
  9. By: Giulio Cainelli; Massimiliano Mazzanti; Sandro Montresor
    Abstract: This paper investigates the drivers of the environmental innovations (EI) introduced by firms in local production systems (LPS). The role of firm network relationships, agglomeration economies and internationalization strategies is analysed for a sample of 555 firms in the Emilia-Romagna region, North-East of Italy. Cooperating with 'qualified' local actors - i.e. universities and suppliers - is the most important driver of EI for most firms, along with their training policies and IT innovations. The role of agglomeration economies is less clear and seems to depend on the EI propensity of more locally oriented firms playing in industrial district areas, which might even turn agglomeration economies into dis-economies. Networking effects and agglomeration economies are instead found to strongly promote the adoption of EI by multinational firms, thus highlighting the importance of local-global interactions. We provide some interesting findings for particular kinds of challenging EI in such fields as CO2 abatement and ISO labelling, generally extending the analysis of EI drivers by joining local and international factors.
    Keywords: Eco-innovation, foreign ownership, networking, district, agglomeration economics, local production systems
    JEL: C21 L60 O13 O30 Q20 Q58 F23
    Date: 2011
  10. By: Michael Taylor; Tannecia S. Stephenson
    Abstract: This presentation focused on climate modeling and included the methods used and the results that come from climate models. The presentation focused on interpretation of the models rather than the detailed "how to" use of models. The focus was again the Caribbean region.
    Keywords: Environment & Natural Resources :: Climate Change, Environment & Natural Resources :: Water Management
    Date: 2011–03

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