Pub Date : 2022-02-04DOI: 10.1142/s2010007822400036
Linhai Zhao, H. Saydaliev, Sajid Iqbal
This study is intended to test the role of renewable energy financing on climate change and to present the implications for the key stakeholders towards the acquisition of post-covid-recovery in the Asian and ASEAN economies. For this, data envelopment analysis (DEA) technique is applied to draw an inference between the constructs. Study finding resulted that higher energy consumption and rise in environmental pollution has brought a great change in the ASEAN and Asian economies’ climate, for which, modern and renewable energy sources are suggested to use for the climate change mitigation. A sufficient amount of funds and the supply of energy finance to mitigate the climate change are eminently needed for the post-covid-recovery. Different financial institutions, banks and finance ministries of countries belonging from the both regions are suggested to play the best role. This is solely possible by pooling the funds in renewable energy sectors to enhance energy efficiency and control the climate change. This must be executed for the long-run period to get the desired outcomes. All the countries of both regions are further suggested to expedite the practices to apply strategic development goals (SDGs) for affordable and clean energy (SDG–7), climate change action (SDG–13) to achieve the national and global strategic objectives.
{"title":"ENERGY FINANCING, COVID-19 REPERCUSSIONS AND CLIMATE CHANGE: IMPLICATIONS FOR EMERGING ECONOMIES","authors":"Linhai Zhao, H. Saydaliev, Sajid Iqbal","doi":"10.1142/s2010007822400036","DOIUrl":"https://doi.org/10.1142/s2010007822400036","url":null,"abstract":"This study is intended to test the role of renewable energy financing on climate change and to present the implications for the key stakeholders towards the acquisition of post-covid-recovery in the Asian and ASEAN economies. For this, data envelopment analysis (DEA) technique is applied to draw an inference between the constructs. Study finding resulted that higher energy consumption and rise in environmental pollution has brought a great change in the ASEAN and Asian economies’ climate, for which, modern and renewable energy sources are suggested to use for the climate change mitigation. A sufficient amount of funds and the supply of energy finance to mitigate the climate change are eminently needed for the post-covid-recovery. Different financial institutions, banks and finance ministries of countries belonging from the both regions are suggested to play the best role. This is solely possible by pooling the funds in renewable energy sectors to enhance energy efficiency and control the climate change. This must be executed for the long-run period to get the desired outcomes. All the countries of both regions are further suggested to expedite the practices to apply strategic development goals (SDGs) for affordable and clean energy (SDG–7), climate change action (SDG–13) to achieve the national and global strategic objectives.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"135 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76327987","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 : 2022-02-01DOI: 10.1142/s2010007822400127
Qianyang Tu, Ying Wang
The application of clean energy is one effective way to alleviate the economy’s dependence on fossil energy while reducing greenhouse gas (GHG) emissions. However, the complementary and synergistic effects of environmental policy in clean energy promotion remain controversial. This paper aims to investigate the role of structural carbon taxes and clean energy subsidies in low carbon transition. Heterogeneous environmental dynamic stochastic general equilibrium (E-DSGE) approach with firm heterogeneity is applied to describe the impact path of structural environmental policy on China’s environmental-economic system. The results show that the structural carbon emission reduction policy has synergistic effects and can balance the relationship between energy demand and economic growth. Furthermore, distinguishing production technology and green innovation technology can promote energy-saving enterprises and improve the industrial structure. This paper might be the first attempt to discuss the synergistic effects of climate policy based on heterogeneous E-DSGE model.
{"title":"ANALYSIS OF THE SYNERGISTIC EFFECT OF CARBON TAXES AND CLEAN ENERGY SUBSIDIES: AN ENTERPRISE-HETEROGENEITY E-DSGE MODEL APPROACH","authors":"Qianyang Tu, Ying Wang","doi":"10.1142/s2010007822400127","DOIUrl":"https://doi.org/10.1142/s2010007822400127","url":null,"abstract":"The application of clean energy is one effective way to alleviate the economy’s dependence on fossil energy while reducing greenhouse gas (GHG) emissions. However, the complementary and synergistic effects of environmental policy in clean energy promotion remain controversial. This paper aims to investigate the role of structural carbon taxes and clean energy subsidies in low carbon transition. Heterogeneous environmental dynamic stochastic general equilibrium (E-DSGE) approach with firm heterogeneity is applied to describe the impact path of structural environmental policy on China’s environmental-economic system. The results show that the structural carbon emission reduction policy has synergistic effects and can balance the relationship between energy demand and economic growth. Furthermore, distinguishing production technology and green innovation technology can promote energy-saving enterprises and improve the industrial structure. This paper might be the first attempt to discuss the synergistic effects of climate policy based on heterogeneous E-DSGE model.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"82 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88609429","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 : 2022-02-01DOI: 10.1142/s2010007822030014
Hongbo Duan, J. Pan, Tsvetan G. Tsvetanov, Bing Zhang
Asia, particularly China, has been a story of rapid economic growth, rising to a prominent position in the global economy. Continued rapid growth suggests that Asia will be a source of substantial future greenhouse gas (GHG) emissions as well. Despite modest declines in emissions in industrialized countries, such as the United States and the European Union (EU), global emissions will not come close to meeting the Paris targets without substantial mitigation actions in Asian areas. In this regard, we initiated this topical issue and tried to study how Asia can contribute to the global effort to meet the 1.5∘C and 2∘C targets, from both national and industrial levels. The papers accepted bring insightful understandings and fresh perspectives to policy making and climate governance in Asian economies. We believe that these studies well contribute to the extant literature on both climate economic methodologies and regional climate policy research.
{"title":"WHAT MITIGATION CAN ASIA CONTRIBUTE TO THE PARIS AGREEMENT GOALS?","authors":"Hongbo Duan, J. Pan, Tsvetan G. Tsvetanov, Bing Zhang","doi":"10.1142/s2010007822030014","DOIUrl":"https://doi.org/10.1142/s2010007822030014","url":null,"abstract":"Asia, particularly China, has been a story of rapid economic growth, rising to a prominent position in the global economy. Continued rapid growth suggests that Asia will be a source of substantial future greenhouse gas (GHG) emissions as well. Despite modest declines in emissions in industrialized countries, such as the United States and the European Union (EU), global emissions will not come close to meeting the Paris targets without substantial mitigation actions in Asian areas. In this regard, we initiated this topical issue and tried to study how Asia can contribute to the global effort to meet the 1.5∘C and 2∘C targets, from both national and industrial levels. The papers accepted bring insightful understandings and fresh perspectives to policy making and climate governance in Asian economies. We believe that these studies well contribute to the extant literature on both climate economic methodologies and regional climate policy research.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"12 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87976722","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 : 2022-01-01DOI: 10.1007/978-3-030-86290-9
{"title":"Climate Change: The Social and Scientific Construct","authors":"","doi":"10.1007/978-3-030-86290-9","DOIUrl":"https://doi.org/10.1007/978-3-030-86290-9","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"29 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76962398","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 : 2022-01-01DOI: 10.1007/978-3-030-92782-0
{"title":"Climate Change: Impacts, Responses and Sustainability in the Indian Himalaya","authors":"","doi":"10.1007/978-3-030-92782-0","DOIUrl":"https://doi.org/10.1007/978-3-030-92782-0","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"76 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83860308","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 : 2021-11-29DOI: 10.1142/s2010007821500147
Hyun-Gyu Kim
{"title":"Effects of Climate Change on Electricity Consumption: A decomposition of industrial, residential, agricultural and commercial sectors","authors":"Hyun-Gyu Kim","doi":"10.1142/s2010007821500147","DOIUrl":"https://doi.org/10.1142/s2010007821500147","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"1 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2021-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86844129","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 : 2021-11-22DOI: 10.1142/s2010007821500135
V. Duscha, J. Kersting, Sonja Peterson, J. Schleich, M. Weitzel
{"title":"Development of low-carbon power technologies and the stability of international climate cooperation","authors":"V. Duscha, J. Kersting, Sonja Peterson, J. Schleich, M. Weitzel","doi":"10.1142/s2010007821500135","DOIUrl":"https://doi.org/10.1142/s2010007821500135","url":null,"abstract":"","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"98 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2021-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80557574","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 : 2021-11-01DOI: 10.1142/s2010007821500123
C. Sims, S. Null, J. Medellín-Azuara, A. Odame
Adaptation gaps arise when observed adaptation to climate change is slower than perceived adaptation potential. Two common explanations for adaptation gaps are (1) private parties failing to recognize that the climate is changing and (2) the cost of adaptation is higher than commonly believed. This paper shows how these two explanations are linked and that the likelihood and duration of adaptation gaps depend on whether climate change is characterized by stationary or non-stationary dynamics. Using an investment in water-saving irrigation in California’s Central Valley as an illustrative example, we find little evidence that failing to account for climate change would explain adaptation gaps. A more likely explanation for adaptation gaps is a failure to account for the adaptation option value that arises due to the possibility of maladaptation.
{"title":"HURRY UP OR WAIT: ARE PRIVATE INVESTMENTS IN CLIMATE CHANGE ADAPTATION DELAYED?","authors":"C. Sims, S. Null, J. Medellín-Azuara, A. Odame","doi":"10.1142/s2010007821500123","DOIUrl":"https://doi.org/10.1142/s2010007821500123","url":null,"abstract":"Adaptation gaps arise when observed adaptation to climate change is slower than perceived adaptation potential. Two common explanations for adaptation gaps are (1) private parties failing to recognize that the climate is changing and (2) the cost of adaptation is higher than commonly believed. This paper shows how these two explanations are linked and that the likelihood and duration of adaptation gaps depend on whether climate change is characterized by stationary or non-stationary dynamics. Using an investment in water-saving irrigation in California’s Central Valley as an illustrative example, we find little evidence that failing to account for climate change would explain adaptation gaps. A more likely explanation for adaptation gaps is a failure to account for the adaptation option value that arises due to the possibility of maladaptation.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"81 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80792656","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 : 2021-11-01DOI: 10.1142/s2010007821500159
Mian Yang, Jiangchuan Xu, Menghan Li, Hongbo Duan
This study constructs a modified assessment model based on the bootstrap method to estimate the CO2 shadow prices for 35 typical cities’ industrial sectors in China from 2005 to 2018. Based on data from China’s seven pilot regional carbon markets, we evaluate the current CO2 trading price distortions. The empirical results indicate that during the study period, the average CO2 shadow price for the target cities is 1915.86 yuan per tonne, decreasing to 1880.57 yuan per tonne when using the bootstrap method for bias correction. The overall trends of CO2 shadow prices in most key cities are increasing given the strengthening of environmental regulations following the 11th Five-Year Plan. In addition, compared with the CO2 shadow prices in this paper, carbon trading prices in pilot cities present significantly negative distortions, which may fail to reflect the real opportunity cost of carbon abatement. Based on the findings of this study, several policy recommendations are proposed.
{"title":"A BOOTSTRAP ASSESSMENT OF THE SHADOW PRICES OF CO2 FOR THE INDUSTRIAL SECTOR IN CHINA’S KEY CITIES","authors":"Mian Yang, Jiangchuan Xu, Menghan Li, Hongbo Duan","doi":"10.1142/s2010007821500159","DOIUrl":"https://doi.org/10.1142/s2010007821500159","url":null,"abstract":"This study constructs a modified assessment model based on the bootstrap method to estimate the CO2 shadow prices for 35 typical cities’ industrial sectors in China from 2005 to 2018. Based on data from China’s seven pilot regional carbon markets, we evaluate the current CO2 trading price distortions. The empirical results indicate that during the study period, the average CO2 shadow price for the target cities is 1915.86 yuan per tonne, decreasing to 1880.57 yuan per tonne when using the bootstrap method for bias correction. The overall trends of CO2 shadow prices in most key cities are increasing given the strengthening of environmental regulations following the 11th Five-Year Plan. In addition, compared with the CO2 shadow prices in this paper, carbon trading prices in pilot cities present significantly negative distortions, which may fail to reflect the real opportunity cost of carbon abatement. Based on the findings of this study, several policy recommendations are proposed.","PeriodicalId":45922,"journal":{"name":"Climate Change Economics","volume":"20 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81654034","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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