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A bargaining experiment on heterogeneity and side deals in climate negotiations

A bargaining experiment on heterogeneity and side deals in climate negotiations

a working paper by Greer Gosnell, Alessandro Tavoni  15 August, 2016

The recent global climate change agreement in Paris leaves a wide gap between pledged and requisite emissions reductions in keeping with the commonly accepted 2°C target. A recent strand of … read more »


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The endowment effect and environmental discounting

a working paper by Simon Dietz, Frank Venmans  5 August, 2016

There is a considerable body of evidence from behavioural economics and contingent valuation showing that our preferences exhibit both reference dependence and loss aversion, a.k.a. the endowment effect. In this … read more »


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Carbon dating: When is it beneficial to link ETSs?

a working paper by Baran Doda, Luca Taschini  1 August, 2016

This paper proposes a simple framework to evaluate the economic advantage of regulating carbon emissions by linking the emissions trading systems (ETSs) of two jurisdictions versus operating them under autarky. … read more »


Luca Taschini

Emissions trading systems with cap adjustments

a working paper by Luca Taschini, Sascha Kollenberg  29 July, 2016

This working paper analyses the design of the market stability reserve proposed as part of the reform of the European Union emissions trading system. read more »


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Climate change, heat stress and labour productivity: A cost methodology for city economies

a working paper by Hélia Costa, Graham Floater, Hans Hooyberghs, Stijn Verbeke, Koen De Ridder  29 July, 2016

Cities are particularly vulnerable to heat waves. Despite this, no comprehensive methodology has been developed to assess the costs of heat stress on city economies either currently or under future … read more »


How green are economists?

How green are economists?

a working paper by Stefano Carattini, Alessandro Tavoni  28 July, 2016

The market for voluntary carbon offsets has grown steadily in the last decade, yet it remains a very small niche. While 10% of greenhouse gas emissions generated by transportation are … read more »


Weighing the costs and benefits of climate change to our children

Weighing the costs and benefits of climate change to our children

a research article by Simon Dietz, Ben Groom, William Pizer  27 July, 2016

Our efforts to put the brakes on climate change or adapt to a warming climate present a fundamental tradeoff between costs borne today and benefits that accrue to the … read more »


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Model confirmation in climate economics

a research article by Antony Millner, Tom McDermott  26 July, 2016

Paper demonstrates the potential benefits of model confirmation exercises for policy applications, demonstrating that the economic growth model used by a prominent BC-IAM had little predictive power over the 20th century. read more »


Renewables, allowances markets, and capacity expansion in energy-only markets

Renewables, allowances markets, and capacity expansion in energy-only markets

a working paper by Paolo Falbo, Cristian Pelizzari, Luca Taschini  13 July, 2016

We investigate the combined effect of an Emission Trading System (ETS) and renewable energy sources on electricity generation investment in energy-only markets. We propose a simple representation of the capacity … read more »


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Path dependence in energy systems and economic development

a research article by Roger Fouquet  11 July, 2016

Energy systems are subject to strong and long-lived path dependence, owing to technological, infrastructural, institutional and behavioural lock-ins. Yet, with the prospect of providing accessible cheap energy to stimulate economic … read more »


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