Raphael Calel

The authors of this article propose an extension of Hasselmann’s stochastic energy balance model. Read more

This working paper aims to shed light on the practical issues involved in policing carbon markets, such as new regulators with narrow authority and lack of legal precedent. Read more

This paper presents a new method for estimating the effects of regulations when treated and control firms compete on the output market. Read more

This paper analyses the evolution of the EU ETS from a political economy perspective, emphasizing the interaction of economic principles and political interests at pivotal moments, and showing how each compromise changed the scope for future design choices. Read more

Stainforth, David A.  and Calel, Raphael (2021) The economics of global climate variability. US CLIVAR Variations, 20 (1). pp.... Read more

In this paper the authors develop and implement a new method for identifying ‘wasted’ subsidies, and use it to provide systematic evidence on the misallocation of carbon offsets in the Clean Development Mechanism, the world’s largest carbon offset programme. Read more

A number of influential assessments of the economic cost of climate change rely on just a small number of coupled... Read more

Climate science and climate economics are critical sources of expertise in our pursuit of the Sustainable Development Goals. Effective use... Read more

This paper presents new evidence that the EU Emissions Trading System may have encouraged innovation rather than simply encouraging polluters to adopt existing abatement technologies. Read more

Integrated assessment models (IAMs) are the main tools for combining physical and economic analyses to develop and assess climate change... Read more

This paper investigates the impact of the European Union Emissions Trading System (EU ETS) on technological change, exploiting installations level... Read more

Fankhauser, Samuel, Bowen, Alex, Calel, Raphael, Dechezlepretre, Antoine, Grover, David, Rydge, James and Sato, Misato (2013) Who will win the... Read more

Abstract It has recently been highlighted that the economic value of climate change mitigation depends sensitively on the slim possibility... Read more

Abstract Expert elicitation studies have become important barometers of scientific knowledge about future climate change (Morgan and Keith, Environ Sci... Read more

Working Paper 94 Abstract As the world considers greener forms of economic growth, countries and sectors are beginning to position... Read more

Abstract Most current models of conservation auctions are incompatible with the assessment that there are environmental externalities and synergies between... Read more

Working Paper 75 Abstract This paper was updated in February 2013 This paper investigates the impact of the EU Emissions... Read more

Working Paper 57 Abstract Market-based instruments are widely used to encourage innovation and investment in cleaner technologies. Using a simple... Read more

Working Paper 53 Abstract The Clean Development Mechanism (CDM) provides some basic safeguards to ensure that HFC-23 reductions are additional,... Read more

Working Paper 52 Abstract International carbon markets have grown quickly in recent years, but have also experienced serious problems and... Read more

Working Paper 22 Abstract Current models of conservation auctions do not permit for the presence of environmental externalities and synergies... Read more

When the carbon price collapsed to below €3 in April this year, EU policymakers sought to prop up carbon prices... Read more

The EU ETS is the main instrument of European climate policy, and many policymakers envisage it as a driving force... Read more