nep-res New Economics Papers
on Resource Economics
Issue of 2021‒08‒30
eight papers chosen by
Maximo Rossi
Universidad de la República

  1. Carbon pricing and the elasticity of CO2 emissions By Ryan Rafaty; Geoffroy Dolphin; Felix Pretis
  2. The Productivity Puzzle in Network Industries: Evidence from the Energy Sector By Victor Ajayi; Geoffroy Dolphin; Karim Anaya; Michael Pollitt
  3. Overlapping Climate Policies By Grischa Perino; Robert Ritz; Arthur van Benthem
  4. Going beyond default intensities in an EU carbon border adjustment mechanism By Michael Mehling; Robert Ritz
  5. Attribute valence framing to promote pro-environmental transport behavior By Charles Collet; Pascal Gastineau; Benoit Chèze; Frederic Martinez; Pierre-Alexandre Mahieu
  6. Climate Change Mitigation Policies: Aggregate and Distributional Effects By Tiago Cavalcanti; Zeina Hasna; Cezar Santos
  7. Assessing Multiple Inequalities and Air Pollution Abatement Policies By Jorge A. Bonilla; Claudia Aravena; Ricardo Morales-Betancourt
  8. Club goods and a tragedy of the commons: the Clean Energy Package and wind curtailment By David Newbery

  1. By: Ryan Rafaty (University of Oxford); Geoffroy Dolphin (EPRG, CJBS, University of Cambridge); Felix Pretis (University of Oxford and University of Victoria)
    Keywords: Carbon Pricing, CO2 Emissions, Decarbonization, Carbon Tax, Climate Change, Climate Policy
    JEL: Q43 Q48 Q54 Q58 H23
    Date: 2020–11
  2. By: Victor Ajayi (EPRG, CJBS, University of Cambridge); Geoffroy Dolphin (EPRG, CJBS, University of Cambridge); Karim Anaya (EPRG, CJBS, University of Cambridge); Michael Pollitt (EPRG, CJBS, University of Cambridge)
    Keywords: Total factor productivity, growth accounting, regulation, energy networks, climate policy
    JEL: D24 O47 H23
    Date: 2020–07
  3. By: Grischa Perino (University of Hamburg, Germany); Robert Ritz (EPRG, CJBS, University of Cambridge); Arthur van Benthem (The Wharton School, University of Pennsylvania, USA)
    Keywords: overlapping policy, internal carbon leakage, waterbed ffect, cap-andtrade, carbon pricing, hybrid regulation
    JEL: H23 Q54
    Date: 2020–11
  4. By: Michael Mehling (MIT Center for Energy and Environmental Policy Research); Robert Ritz (EPRG, CJBS, University of Cambridge)
    Keywords: Border carbon adjustment, carbon pricing, Green Deal, international law, international trade
    JEL: H23 K33 Q54
    Date: 2020–09
  5. By: Charles Collet (CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique); Pascal Gastineau (AME-SPLOTT - Systèmes Productifs, Logistique, Organisation des Transports et Travail - Université Gustave Eiffel); Benoit Chèze (IFPEN - IFP Energies nouvelles - IFPEN - IFP Energies nouvelles); Frederic Martinez (AME-DCM - Dynamiques des changements de mobilité - Université de Lyon - Université Gustave Eiffel); Pierre-Alexandre Mahieu (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IUML - FR 3473 Institut universitaire Mer et Littoral - UM - Le Mans Université - UA - Université d'Angers - UN - Université de Nantes - ECN - École Centrale de Nantes - UBS - Université de Bretagne Sud - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - CNRS - Centre National de la Recherche Scientifique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)
    Abstract: The transportation sector constitutes one of the main contributors to CO2 emissions. Several incentive measures have been already proposed by economists to mitigate these emissions. But, as we all know, these tools have met with mixed success. This paper proposes the use of attribute valence framing, i.e. a description of the same object/characteristics positively or negatively, in order to reduce CO2 emissions. This so-called nudge is easier to implement than more traditional tools, such as taxation, and does not rely on the stringent assumption that individuals are fully rational. The findings from a discrete choice experiment focusing on long-distance travel choice are reported herein. Results indicate that a loss framing on CO2 emissions significantly increases the respondents' practice of pro-environmental behaviors. The framing effect is larger when applied to CO2 than to travel duration (+50% and +30% of the willingness to pay, respectively). In employing psychological constructs, it is shown that preferences are affected by individuals' psychological features (i.e. a preference for the future and environmental self-identity), and moreover that the magnitude of the framing effect depends on individuals' motivational strategies.
    Keywords: Framing effect,Discrete choice experiment,Pro-environmental behavior,Travelers' willingness to pay
    Date: 2021–08–18
  6. By: Tiago Cavalcanti (University of Cambridge); Zeina Hasna (University of Cambridge); Cezar Santos (Banco de Portugal)
    Keywords: Climate change, carbon taxes, worker heterogeneity, labor reallocation
    JEL: E13 H23 J24
    Date: 2021–03
  7. By: Jorge A. Bonilla; Claudia Aravena; Ricardo Morales-Betancourt
    Abstract: Addressing inequality is recognized a worldwide development objective. The literature has primarily focused on examining economic or social inequality, but rarely on environmental inequality. Since inequality is multidimensional, several facets may overlap imposing a disproportionate burden on vulnerable communities. This study investigates the magnitude of air-quality inequality in conjunction with economic and social inequalities in Bogota (Colombia). It explores where inequalities overlap and assesses alleviation measures by tackling air pollution. We develop a composite index to estimate performance in socioeconomic and air quality characteristics across the city and evaluate inequality with a variety of measures. Using an atmospheric-chemical transport model, we simulate the impact of three air pollution abatement policies: paving roads, industry fuel substitution, and diesel-vehicle renewal on fine particle concentrations, and compute their effect on inequality. Results show that allocation of air-quality across Bogota is highly unequal, exceeding economic or social inequality. Evidence indicates economic, social and air quality disparities intersect displaying southwest as the most vulnerable zone. Paving roads is the most progressive and cost-effective policy, reducing overall inequality between 19-84% with net benefits exceeding US$479 million. Our analysis also suggests that benefits of renewing diesel heavy- and light-duty vehicles do not compensate the costs.
    Keywords: inequality measures, air pollution, atmospheric chemical transport model, humanhealth, cost-benefit analysis.
    JEL: D63 Q52 Q56
    Date: 2021–08–13
  8. By: David Newbery (Faculty of Economics, University of Cambridge)
    Keywords: wind curtailment, market failures, corrective charges
    JEL: H23 L94 Q28 Q42 Q48
    Date: 2020–12

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