Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/53201 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Nota di Lavoro No. 92.2008
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
We 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.
Schlagwörter: 
Climate Policy
Non-renewable Resources
Announcement Effects
Scarcity
Order of Extraction
JEL: 
Q31
Q41
Q54
Q58
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
322.73 kB





Publikationen in EconStor sind urheberrechtlich geschützt.