Pub Date : 2022-08-24DOI: 10.1142/s2010007823500082
A. Bongers, M. Tamor
{"title":"Climate Change, Energy Transition and Global Temperature Stabilization","authors":"A. Bongers, M. Tamor","doi":"10.1142/s2010007823500082","DOIUrl":"https://doi.org/10.1142/s2010007823500082","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"87 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83790954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-19DOI: 10.1142/s2010007823500070
R. Lawton, D. Fujiwara
Following the UK's hosting of the United Nations Convention of the Parties Climate Summit in 2021, political targets for reducing greenhouse gas emissions - "Net-Zero" - have gained momentum. We address the gap in how public preferences are accounted for in climate decision-making by applying Contingent-Valuation techniques which ask people to state their Willingness-to-Pay (WTP) for the UK's 2050 Net-Zero target. Mean WTP is 37.57 pound/household to support Net-Zero (median 11.25) pound, with a present-value of 2.3 pound billion across UK households. While younger people are more likely to experience the long-term impacts of climate change, older generations are willing to pay more to support it, suggesting that public support for Net-Zero is largely based on "nonuse" benefits, rather than direct "use" benefits to oneself. The COVID-19 epidemic affected WTP bids in a quarter of respondents. Finally, we explore how choice of positive or normative discount rate affects policy conclusions when monetizing consumer preferences.
{"title":"Exploring consumer preferences for Net-Zero policies: Willingness to Pay of UK citizens for national greenhouse gas reduction targets under different future discounting assumptions","authors":"R. Lawton, D. Fujiwara","doi":"10.1142/s2010007823500070","DOIUrl":"https://doi.org/10.1142/s2010007823500070","url":null,"abstract":"Following the UK's hosting of the United Nations Convention of the Parties Climate Summit in 2021, political targets for reducing greenhouse gas emissions - \"Net-Zero\" - have gained momentum. We address the gap in how public preferences are accounted for in climate decision-making by applying Contingent-Valuation techniques which ask people to state their Willingness-to-Pay (WTP) for the UK's 2050 Net-Zero target. Mean WTP is 37.57 pound/household to support Net-Zero (median 11.25) pound, with a present-value of 2.3 pound billion across UK households. While younger people are more likely to experience the long-term impacts of climate change, older generations are willing to pay more to support it, suggesting that public support for Net-Zero is largely based on \"nonuse\" benefits, rather than direct \"use\" benefits to oneself. The COVID-19 epidemic affected WTP bids in a quarter of respondents. Finally, we explore how choice of positive or normative discount rate affects policy conclusions when monetizing consumer preferences.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"24 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90367597","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-17DOI: 10.1142/s2010007823400018
Yishuang Liu, Jin-Long Huang, Hanmin Dong
Under the pressure of economic uncertainty and environmental protection in the post-COVID-19 era, achieving a new round of employment dividends has become one practical choice. Using the panel data of 30 Chinese provinces from 2007 to 2019, this study estimates the employment outcomes of carbon ETS pilots based on the difference-in-differences model. The findings of this study indicate the following: (1) Carbon ETS pilots can positively increase employment scales with an average effect of 7.12%. (2) This promoting effect will become more significant in provinces with high education levels, provinces with high average wages, and eastern region provinces. But there is no obvious difference between gender. (3) This positive effect can be transferred and enhanced by market competition and energy consumption. At the crossroads of green economic recovery, it will be greatly beneficial to formulate the national carbon market development roadmap under the carbon neutrality strategy.
{"title":"Achieving employment dividend in the post-COVID-19 era: An exploration from China's carbon market","authors":"Yishuang Liu, Jin-Long Huang, Hanmin Dong","doi":"10.1142/s2010007823400018","DOIUrl":"https://doi.org/10.1142/s2010007823400018","url":null,"abstract":"Under the pressure of economic uncertainty and environmental protection in the post-COVID-19 era, achieving a new round of employment dividends has become one practical choice. Using the panel data of 30 Chinese provinces from 2007 to 2019, this study estimates the employment outcomes of carbon ETS pilots based on the difference-in-differences model. The findings of this study indicate the following: (1) Carbon ETS pilots can positively increase employment scales with an average effect of 7.12%. (2) This promoting effect will become more significant in provinces with high education levels, provinces with high average wages, and eastern region provinces. But there is no obvious difference between gender. (3) This positive effect can be transferred and enhanced by market competition and energy consumption. At the crossroads of green economic recovery, it will be greatly beneficial to formulate the national carbon market development roadmap under the carbon neutrality strategy.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"2 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75103937","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-17DOI: 10.1142/s2010007823500069
Chun I. Lee, Chueh-Yung Tsao
{"title":"An Examination of Market Reaction When Negative Emotions Run High Amidst a Tropical Cyclone","authors":"Chun I. Lee, Chueh-Yung Tsao","doi":"10.1142/s2010007823500069","DOIUrl":"https://doi.org/10.1142/s2010007823500069","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"186 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88139233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-15DOI: 10.1142/s2010007823500021
FRÉDÉRIC BABONNEAU, MARC VIELLE
Last year, Chile updated its Nationally Determined Contributions, moving from intensity-based emissions reductions to an effective emissions target. This paper aims to assess the economic and environmental impacts of this change in the current context of high uncertainty Chile faces with social protests and the COVID-19 pandemic. Using the computable general equilibrium model GEMINI-E3, we performed a sensitivity analysis assuming different levels of economic growth through 2030. Though at first glance the revised commitments appear more ambitious, we found that they could lead to higher emissions in low-growth scenarios. The results show that intensity-based emissions targets indeed become less stringent when assuming high levels of economic growth and thus may result in highly uncertain effective emissions in 2030. On the other hand, given the uncertainty surrounding Chilean economic growth, the updated commitments would be politically more amenable as it would lead to lower welfare losses. In addition, we analyze different redistribution schemes of a CO2 tax and we show that a per capita redistribution rule makes the CO2 tax more progressive and thus fiscally more acceptable.
{"title":"A POST-COVID-19 ECONOMIC ASSESSMENT OF THE CHILEAN NDC REVISION","authors":"FRÉDÉRIC BABONNEAU, MARC VIELLE","doi":"10.1142/s2010007823500021","DOIUrl":"https://doi.org/10.1142/s2010007823500021","url":null,"abstract":"Last year, Chile updated its Nationally Determined Contributions, moving from intensity-based emissions reductions to an effective emissions target. This paper aims to assess the economic and environmental impacts of this change in the current context of high uncertainty Chile faces with social protests and the COVID-19 pandemic. Using the computable general equilibrium model GEMINI-E3, we performed a sensitivity analysis assuming different levels of economic growth through 2030. Though at first glance the revised commitments appear more ambitious, we found that they could lead to higher emissions in low-growth scenarios. The results show that intensity-based emissions targets indeed become less stringent when assuming high levels of economic growth and thus may result in highly uncertain effective emissions in 2030. On the other hand, given the uncertainty surrounding Chilean economic growth, the updated commitments would be politically more amenable as it would lead to lower welfare losses. In addition, we analyze different redistribution schemes of a CO<sub>2</sub> tax and we show that a per capita redistribution rule makes the CO<sub>2</sub> tax more progressive and thus fiscally more acceptable.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"14 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138528047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-20DOI: 10.1142/s2010007823500045
Son H Kim, Stephanie T. Waldhoff, J. Edmonds
{"title":"The role of battery electric vehicles in deep decarbonization","authors":"Son H Kim, Stephanie T. Waldhoff, J. Edmonds","doi":"10.1142/s2010007823500045","DOIUrl":"https://doi.org/10.1142/s2010007823500045","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"356 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76500385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-13DOI: 10.1142/s2010007823500033
Y.-H. Henry Chen, Erik Landry, J. Reilly
{"title":"An Economy-wide Framework for Assessing the Stranded Assets of Energy Production Sector under Climate Policies","authors":"Y.-H. Henry Chen, Erik Landry, J. Reilly","doi":"10.1142/s2010007823500033","DOIUrl":"https://doi.org/10.1142/s2010007823500033","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"18 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75890327","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-12DOI: 10.1142/s2010007822030026
Farhad Taghizadeh‐Hesary, N. Yoshino, Muhammad Mohsin, Nawazish Mirza
{"title":"INTRODUCTION: WAYS TO ACHIEVE GREEN ECONOMIC RECOVERY AND MITIGATE GREENHOUSE GASES IN THE POST-COVID-19 ERA","authors":"Farhad Taghizadeh‐Hesary, N. Yoshino, Muhammad Mohsin, Nawazish Mirza","doi":"10.1142/s2010007822030026","DOIUrl":"https://doi.org/10.1142/s2010007822030026","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"9 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79230051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-05DOI: 10.1142/s2010007822500087
B. Mignone, Jonathan E Huster, S. Torkamani, Patrick O’Rourke, M. Wise
Land use change (LUC) CO2 emissions associated with bioenergy production depend on the amount of land required to produce bioenergy crops, the carbon stored in such crops (including in the leaves, stalk, roots and soil), and the carbon emitted when another land cover is directly or indirectly displaced as a result. In this study, we use a global integrated assessment model [the Global Change Analysis Model (GCAM)] to explore the differences in estimates of LUC CO2 emissions for two crops (corn and switchgrass) used to produce ethanol in the United States under alternative assumptions about natural lands protection. Varying the latter assumptions for corn ethanol results in net LUC CO2 emissions between 7 and 41 gCO2 per MJ of ethanol, whereas varying the same assumptions for switchgrass ethanol results in net emissions between [Formula: see text]26 and 14 gCO2 per MJ of ethanol. The low-end estimate for each occurs when natural lands are assumed to be fully protected everywhere, which leads to significant cropland intensification. The high-end estimate for each occurs when natural lands are assumed to be unprotected everywhere, leading to greater cropland expansion and associated conversion of unmanaged forest and pasture. Results from this study could be used to inform scenarios of future energy system change or life cycle assessment of biofuels for which LUC emissions would be an input.
{"title":"Changes in Global Land Use and CO2 Emissions from US Bioethanol Production: What Drives Differences in Estimates between Corn and Cellulosic Ethanol?","authors":"B. Mignone, Jonathan E Huster, S. Torkamani, Patrick O’Rourke, M. Wise","doi":"10.1142/s2010007822500087","DOIUrl":"https://doi.org/10.1142/s2010007822500087","url":null,"abstract":"Land use change (LUC) CO2 emissions associated with bioenergy production depend on the amount of land required to produce bioenergy crops, the carbon stored in such crops (including in the leaves, stalk, roots and soil), and the carbon emitted when another land cover is directly or indirectly displaced as a result. In this study, we use a global integrated assessment model [the Global Change Analysis Model (GCAM)] to explore the differences in estimates of LUC CO2 emissions for two crops (corn and switchgrass) used to produce ethanol in the United States under alternative assumptions about natural lands protection. Varying the latter assumptions for corn ethanol results in net LUC CO2 emissions between 7 and 41 gCO2 per MJ of ethanol, whereas varying the same assumptions for switchgrass ethanol results in net emissions between [Formula: see text]26 and 14 gCO2 per MJ of ethanol. The low-end estimate for each occurs when natural lands are assumed to be fully protected everywhere, which leads to significant cropland intensification. The high-end estimate for each occurs when natural lands are assumed to be unprotected everywhere, leading to greater cropland expansion and associated conversion of unmanaged forest and pasture. Results from this study could be used to inform scenarios of future energy system change or life cycle assessment of biofuels for which LUC emissions would be an input.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"7 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79297155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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