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Full Description
Climate change and energy consumption are at the forefront of current environmental debate. Whilst energy is essential to the functioning and survival of our societies, the environmental impact that energy consumption is having, particularly on climate change, is a growing concern and the design and practicalities of energy and energy-related environmental policies are under constant scrutiny. This innovative new book not only addresses the economic assessment of environmental and energy policies but also discusses the efficiency and distributional consequences these policies have for producers and consumers.With contributions from leading academics in the field, this comprehensive volume uses a variety of methodological approaches with which to explore a number of pertinent issues, including several studies on the EU Emission Trading System, as well as more advanced topics such as indeterminacy and optimal environmental public policies, energy-saving technological progress, oil shocks and energy transitions and policy design. Combining theoretical and empirical work, this timely book is a significant contribution to the existing literature and deals with issues at the frontier of current economic knowledge.
Economic Modelling of Climate Change and Energy Policies is a unique and informative book and will have widespread appeal amongst scholars, students and policymakers.
Contents
Contents:
Preface
1. Introduction and Overview
Carlos de Miguel, Xavier Labandeira and Baltasar Manzano
PART I: SOME FUNDAMENTALS
2. Growth and Environment: On U-curves without U-turns
Sjak Smulders
3. Pollution Markets: Some Theory and Evidence
Juan P. Montero
PART II: THE EU EMISSION TRADING SYSTEM
4. European Greenhouse Gas Emissions Trading: A System in Transition
John Reilly and Sergey Paltsev
5. Harmonizing Emission Allocation. What are the Equity Consequences for the Sectors in and Outside the EU-trading Scheme
Tim Hoffmann, Andreas Löschel and Ulf Moslener
6. The Effects of a Sudden CO2 Reduction in Spain
Xavier Labandeira and Miguel Rodríguez
7. An Assessment of the Consequences of the European Emissions Trading Scheme for the Promotion of Renewable Electricity in Spain
Pedro Linares, Francisco J. Santos and Mariano Ventosa
8. Efficient Verification of Firm Data under the EU Emissions Trading System
Frauke Eckermann
PART III: ADVANCED ISSUES IN CLIMATE CHANGE AND ENERGY POLICIES
9. Induced Technological Change and Slow Energy Capital Stock Turnover in an Optimal CO2 Abatement Model
Malte Schwoon and Richard S.J. Tol
10. Indeterminacy and Optimal Environmental Public Policies in an Endogenous Growth Model
Rafaela Pérez and Jesús Ruiz
11. Energy-saving Technological Progress in a Vintage Capital Model
Agustín Pérez-Barahona and Benteng Zou
12. Oil Shocks and the Business Cycle in Europe
Carlos de Miguel, Baltasar Manzano and José M. Martín-Moreno
13. Energy Transitions and Policy Design in a GPT Setting with Cyclical Growth through Basic and Applied R&D
Adriaan van Zon and Tobias Kronenberg
Index