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dc.contributor.authorDi Maria, Corradoen_US
dc.contributor.authorSmulders, Sjaken_US
dc.contributor.authorvan der Werf, Edwinen_US
dc.date.accessioned2011-01-20en_US
dc.date.accessioned2011-12-15T11:31:10Z-
dc.date.available2011-12-15T11:31:10Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/53201-
dc.description.abstractWe study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy sources increase at the time of announcement. There are two channels behind this effect. First, since a binding constraint on emissions restricts energy use during some period of time, more must be extracted during other periods. Second, since low carbon energy sources are relatively more valuable when the policy is implemented, it is optimal to conserve them ahead of enforcement. This might induce a switch to high-carbon resources before the policy is implemented.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 92.2008en_US
dc.subject.jelQ31en_US
dc.subject.jelQ41en_US
dc.subject.jelQ54en_US
dc.subject.jelQ58en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate Policyen_US
dc.subject.keywordNon-renewable Resourcesen_US
dc.subject.keywordAnnouncement Effectsen_US
dc.subject.keywordScarcityen_US
dc.subject.keywordOrder of Extractionen_US
dc.titleAbsolute abundance and relative scarcity: Announced policy, resource extraction, and carbon emissionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn644371102en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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