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  1. Human capital and education policy
    evidence from survey data
    Autor*in: Grewenig, Elisabeth
    Erschienen: [2021]
    Verlag:  ifo Institut, München

    Elisabeth Grewenig prepared this study while she was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2021 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Elisabeth Grewenig prepared this study while she was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2021 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of five distinct empirical essays that address various aspects of human capital formation and education policy. Chapters 2 and 3 are concerned with the determinants of human capital formation. In particular, chapter 2 investigates the impact of gender norms on labor-supply expectations of adolescents. Chapter 3 analyzes the effects of the Corona-induced school closures on students' time spent with different educational activities. Chapters 4 and 5 are concerned with the implementation and feasibility of educational reforms. Thereby, chapter 4 evaluates the impact of recent reforms on binding teacher recommendations by studying educational outcomes of students in primary and secondary schools. Chapter 5 examines whether support for educational policies is amenable to information provision about party-positions. Finally, chapter 6 contributes to the methodological debate around survey measurement by investigating belief elicitation in large-scale online surveys.

     
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    Sprache: Englisch
    Medientyp: Dissertation
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    ISBN: 9783959420990
    Weitere Identifier:
    hdl: 10419/243180
    Schriftenreihe: ifo Beiträge zur Wirtschaftsforschung ; 96 (2021)
    Schlagworte: Stranded assets; climate policy; expectations; utilities; event study; green innovation; patents; panel analysis; green finance; climate risk; intangible assets; institutional investors; renewable energy; crowding-out; regional economics; input-output ana; Gender Norms; Female Labor Supply; Survey Experiments; EducationalInequality; COVID-19; Low-Achieving Students; Home Schooling; DistanceTeaching; School Tracking; Admission Policies; Student Performance; Political Parties; Partisanship; Information; Endogenous Preferences; Voters,Family Policy; Beliefs; Incentives; Online Search
    Umfang: 1 Online-Ressource (circa 294 Seiten), Illustrationen
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    Dissertation, Universität München, 2021
  2. Designing conditional schemes for green industrial policy under different information structures
    Autor*in: Meunier, Guy; Ponssard, Jean-Pierre
    Erschienen: February 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We assume that a project requires an initial outlay and may either succeed or fail. The probability of success depends on its type and on the effort of the firm. Only in the case of success do private and external benefits appear. The paper analyzes... mehr

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    We assume that a project requires an initial outlay and may either succeed or fail. The probability of success depends on its type and on the effort of the firm. Only in the case of success do private and external benefits appear. The paper analyzes the optimal design of subsidies under different information structures the state agency and the firm may have over the characteristics of the project. It is proved that under symmetric information structures rewarding success is optimal while, ordinarily, under asymmetric ones, rewarding failure is optimal. While reward success encourages effort, rewarding failure mitigates windfall profit. In asymmetric structures, the second feature dominates. These results emphasize the crucial significance of properly identifying the underlying structure in designing an efficient incentive scheme. The policy relevance of our analysis is discussed in the context of risky programs such as those for the energy transition associated with COVID recovery plans.

     
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    Weitere Identifier:
    hdl: 10419/232478
    Schriftenreihe: CESifo working paper ; no. 8881 (2021)
    Schlagworte: green innovation; public financing; information structure; conditional schemes
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  3. Green start-ups and the role of founder personality
    Autor*in: Chapman, Gary; Hottenrott, Hanna
    Erschienen: [2022]
    Verlag:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    Green start-ups play a vital role in the needed transition towards more environmentally sustainable economies. Yet our understanding of why some founders start green ventures and others do not remains incomplete. We build on the cognitive and... mehr

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    Universitätsbibliothek Mannheim
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    Green start-ups play a vital role in the needed transition towards more environmentally sustainable economies. Yet our understanding of why some founders start green ventures and others do not remains incomplete. We build on the cognitive and decision-making perspectives on start-ups proenvironmental engagement to shed light on the role of founders’ personality traits - focusing on the ‘Big 5’ and risk tolerance - in explaining whether founders’ start new ventures with environmentally friendly products. Our analysis of a large, representative, manufacturing and service sector sample of German start-ups illustrates the important role of founder personality traits. Specifically, openness and extraversion promote environmentally friendly products while neuroticism inhibits it. We discuss the implications of these insights.

     
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    hdl: 10419/251953
    Schriftenreihe: Discussion paper / ZEW ; no. 22, 009 (04/2022)
    Schlagworte: Emission reduction; environmentally friendly products; green innovation; Big Fivepersonality traits; sustainability
    Umfang: 1 Online-Ressource (21, viii Seiten), Illustrationen
  4. Science as civil society
    implications for a green transition
    Autor*in: Besley, Timothy; Persson, Torsten
    Erschienen: 26 December 2021
    Verlag:  Centre for Economic Policy Research, London

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    Schriftenreihe: Array ; DP16840
    Schlagworte: green innovation; Civil society; Motivated agents
    Umfang: 1 Online-Ressource (circa 18 Seiten), Illustrationen
  5. Optimal patent lengths in polluting industries
    Autor*in: Choi, Pak-Sing; Diaz-Farina, Eugenio; Espinola-Arredondo, Ana; Muñoz-García, Félix
    Erschienen: January 30, 2022
    Verlag:  School of Economic Sciences, Washington State University, [Pullman]

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    Schriftenreihe: Working paper series / School of Economic Sciences, Washington State University ; WP 2022, 2
    Schlagworte: Patent length; emission fees; polluting industries; environmental regulation; environmental damages; green innovation
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  6. Screening green innovation through carbon pricing
    Autor*in: Ahlvik, Lassi; Van den Bijgaart, I. M.
    Erschienen: September 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Green innovation is essential for climate change mitigation, but not all innovative projects deliver equal social value. We consider innovator heterogeneity in a model where the policy maker cannot observe innovation quality and directly subsidize... mehr

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    Green innovation is essential for climate change mitigation, but not all innovative projects deliver equal social value. We consider innovator heterogeneity in a model where the policy maker cannot observe innovation quality and directly subsidize the socially most valuable green innovations. We find that carbon pricing works as an innovation screening device; this creates a premium on the optimal carbon price, raising it above the Pigouvian level. We identify conditions for perfect screening and generalize results to screening policies under alternative intellectual property regimes and complementary policies.

     
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    hdl: 10419/265966
    Schriftenreihe: CESifo working paper ; no. 9931 (2022)
    Schlagworte: carbon pricing; green innovation; optimal policy; R&D; screening
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  7. The impact of public procurement on financial barriers to green innovation
    evidence from the European Community Innovation Survey
    Autor*in: Schäfer, Dorothea; Stephan, Andreas; Fuhrmeister, Sören
    Erschienen: 2022
    Verlag:  DIW Berlin, German Institute for Economic Research, Berlin

    The purpose of this study is to identify whether an innovative company’s likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public... mehr

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    The purpose of this study is to identify whether an innovative company’s likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public procurement, particularly when mediated by the demand-pull effect, may lower a company’s funding constraints for innovation. We test this theory and apply extended probit models (eprobit) with treatment and selection to control for an omitted variable bias. Our findings indicate that the treatment effect of PP on the likelihood of facing financial constraints is highly significant and positive. The increased prefunding requirements that usually come along with PP may actually overcompensate the possibly constraint-reducing effects from a demand-pull or certification effect of PP. The treatment effect of PP is particularly strong for internal financial constraints backing the notion, that PP increases the need for upfront funding.

     
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    hdl: 10419/263158
    Schriftenreihe: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2014
    Schlagworte: public procurement; green public procurement; financial constraints; green innovation; sustainable finance; small and medium-sized enterprises
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  8. Is ESG a Managerial Style?
    Autor*in: Cai, Tianyu; Liu, Leo; Zein, Jason; Zhang, Hao
    Erschienen: 2022
    Verlag:  SSRN, [S.l.]

    Can better firm ESG policies be attributed to a CEO’s style? We find that firms led by CEOs with not-for-profit sector work experience (socially engaged CEOs) possess better ESG ratings and superior real ESG outcomes. They receive higher satisfaction... mehr

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Can better firm ESG policies be attributed to a CEO’s style? We find that firms led by CEOs with not-for-profit sector work experience (socially engaged CEOs) possess better ESG ratings and superior real ESG outcomes. They receive higher satisfaction ratings from their employees, develop more green innovations, and have lower harmful emissions. Mirroring the rise of ESG, the proportion of socially engaged CEOs has increased four-fold over the last 20 years. While corporate boards appear to be increasingly selecting these CEOs to enhance their ESG performance, we show that these effects can, to some extent, also be attributed to a causal CEO style. Overall, our results suggest that career experience serving the interests of a broader group of stakeholders in the not-for-profit setting better equips CEOs to achieve corporate ESG objectives

     
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    Schriftenreihe: UNSW Business School Research Paper
    Schlagworte: CEOs; ESG; green innovation; management style; non-for-profit organizations
    Weitere Schlagworte: Array
    Umfang: 1 Online-Ressource (59 p)
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    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2022 erstellt
  9. Consequences of future climate policy
    regional economies, financial markets, and the direction of innovation
    Autor*in: Schickfus, Marie-Theres von
    Erschienen: [2020]
    Verlag:  ifo Institut, München

    With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts... mehr

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    Bundesverfassungsgericht, Bibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended Nationally Determined Contributions" (INDCs) where they specified their national emission reduction goals and pathways to achieve them. However, the INDCs submitted for the Paris Agreement "imply a median warming of 2.6-3.1 degrees Celsius by 2100" (Rogelj et al. 2016). A temperature increase by 2 C would already carry a very high risk for systems such as the Arctic sea ice and coral reefs. For a warming of 3 C above pre-industrial levels though, we are expected to face extensive losses of biodiversity and ecosystems; accelerated economic damages; and a high risk for abrupt and irreversible changes ("tipping points"), such as the melting of the Greenland ice sheet and the accompanying sea level rise (IPCC 2014b).

     
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    ISBN: 9783959420969
    Weitere Identifier:
    hdl: 10419/234463
    Schriftenreihe: ifo Beiträge zur Wirtschaftsforschung ; 95 (2021)
    Schlagworte: Stranded assets; climate policy; expectations; utilities; event study; green innovation; patents; panel analysis; green finance; climate risk; intangible assets; institutional investors; renewable energy; crowding-out; regional economics; input-output ana
    Umfang: 1 Online-Ressource (circa 218 Seiten), Illustrationen
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    Erscheint auch als Druck-Ausgabe

    Dissertation, Universität München, 2020
  10. Can digital finance promote low-carbon transition?
    evidence from the People's Republic of China
    Autor*in: Ge, Xing; Fujii, Tomoki
    Erschienen: [2023]
    Verlag:  Asian Development Bank Institute, Tokyo, Japan

    Using panel data of cities in the People’s Republic of China from 2011 to 2019, this paper analyzes the impact of digital finance on low-carbon transition derived from a super-efficiency slacks-based measure data envelopment analysis. We find that... mehr

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    Using panel data of cities in the People’s Republic of China from 2011 to 2019, this paper analyzes the impact of digital finance on low-carbon transition derived from a super-efficiency slacks-based measure data envelopment analysis. We find that digital finance promotes low-carbon transition, and this finding is robust with respect to the choice of sample, potential presence of measurement issue, choice of study period, presence of other policies, and potential endogeneity, among others. This impact, at least in part, is through increased green innovations. We also find evidence for impact heterogeneity across locations and by the level of low-carbon transition. This paper provides policy implications for the low-carbon transition of the region from a digital finance perspective.

     
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    Schriftenreihe: ADBI working paper series ; no. 1399 (July 2023)
    Schlagworte: digital finance; low-carbon transition; green innovation; slacks-based measuredata envelopment analysis
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  11. The impact of climate change and policies on productivity
    A report of the ESCB Expert Group on productivity, innovation and technological changes
    Autor*in: Anyfantaki, Sofia; Colciago, Andrea; De Mulder, Jan; Falck, Elisabeth; Labhard, Vincent; López-García, Paloma; Lourenço, Nuno; Meriküll, Jaanika; Parker, Miles; Röhe, Oke; Schroth, Joachim; Schulte, Patrick; Strobel, Johannes
    Erschienen: [2024]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    The impact of climate change on European Union (EU) countries and regions is poised to exhibit considerable diversity, influenced by factors encompassing average temperature, sectoral composition, developmental stages, and adaptation endeavours. The... mehr

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    The impact of climate change on European Union (EU) countries and regions is poised to exhibit considerable diversity, influenced by factors encompassing average temperature, sectoral composition, developmental stages, and adaptation endeavours. The transition towards a more climate-friendly economy demands a well-orchestrated approach to mitigate enduring productivity costs. This shift will have varied implications for businesses, contingent upon their scale, access to financial resources, and capacity for innovation. The formulation of transition policies holds the potential to foster green innovation without displacing other initiatives, yet stringent climate regulations might impede the productivity ascent of pollutantemitting enterprises. It will thus take time to reap the benefits of innovation. The efficacy of the policy mix is of critical importance in determining the trajectory of success. Market-driven mechanisms exhibit milder distortions compared to nonmarket-based strategies, though they may not inherently stimulate innovation. Significantly, subsidies earmarked for green research and development (R&D) emerge as a pivotal instrument for fostering innovation, thus constituting a vital component of the policy repertoire during the green transition. The implementation of transition policies will inevitably trigger a substantial reallocation of resources among and within sectors, potentially carrying short-term adverse ramifications. Notably, considerable productivity disparities exist between top and bottom emitters within specific industries. The transition period poses a risk to a substantial proportion of firms and can erode employment opportunities, with a likely decline in new ventures within affected sectors.

     
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    Quelle: Staatsbibliothek zu Berlin
    Beteiligt: Bijnens, Gert (HerausgeberIn)
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289964081
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    Schriftenreihe: Occasional paper series / European Central Bank ; No 340
    Schlagworte: climate change impact; productivity; transition risk; climate transitionpolicies; physical risk; green innovation; economic reallocation
    Umfang: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  12. Induced innovation and international environmental agreements
    evidence from the ozone regime
    Autor*in: Dugoua, Eugenie
    Erschienen: [2023]
    Verlag:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Schriftenreihe: Discussion paper / Centre for Economic Performance ; no. 1947 (September 2023)
    Schlagworte: induced innovation; directed technological change; green innovation
    Umfang: 1 Online-Ressource (circa 114 Seiten), Illustrationen
  13. Induced innovation and international environmental agreements
    evidence from the ozone regime
    Autor*in: Dugoua, Eugenie
    Erschienen: September 2023
    Verlag:  CESifo, Munich, Germany

    This paper revisits one of the rare success stories in global environmental cooperation: the Montreal Protocol and the phase-out of ozone-depleting substances. I show that the protocol increased science and innovation on alternatives to... mehr

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    This paper revisits one of the rare success stories in global environmental cooperation: the Montreal Protocol and the phase-out of ozone-depleting substances. I show that the protocol increased science and innovation on alternatives to ozone-depleting substances, and argue that agreements can indeed be useful to solving global public goods problems. This contrasts with game-theoretical predictions that agreements occur only when costs to the players are low, and with the often-heard narrative that substitutes were readily available. I reconcile theory and empirics by discussing the role of induced innovation in models of environmental agreements.

     
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    hdl: 10419/282357
    Schriftenreihe: CESifo working papers ; 10669 (2023)
    Schlagworte: induced innovation; directed technological change; green innovation
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  14. Air pollution and green innovation
    Autor*in: Guo, Liwen; Cheng, Zhiming; Tani, Massimiliano; Cook, Sarah
    Erschienen: July 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    With air pollution remaining a significant problem in many regions globally, an increasing number of environmentally conscious entrepreneurs have been taking initiatives to combat this issue, accompanied by a growing environmental awareness among the... mehr

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    With air pollution remaining a significant problem in many regions globally, an increasing number of environmentally conscious entrepreneurs have been taking initiatives to combat this issue, accompanied by a growing environmental awareness among the general public. To test the strength of this relationship, we use individual-level information from an enterprise survey in China in 2018 and conducted instrumental variable analyses to study the impact of air pollution on the green innovation behaviours of non-agricultural entrepreneurs. The results indicate that, on average, a one standard deviation increase in PM2.5 concentration is associated with a 4.3 percentage points increase in green innovation (or a 11.9 percentage points increase in green innovation intensity). Entrepreneurs' gambling preferences could potentially mediate the relationship between air pollution and green innovation, while expected firm income and actual firm income may act as suppressors. Specifically, entrepreneurs who launch their businesses following the implementation of environmental policies are more likely to adopt green innovation practices. This study provides insight into why there is a growing trend of environmentally-conscious entrepreneurs in regions with high levels of air pollution.

     
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    hdl: 10419/279019
    Schriftenreihe: Discussion paper series / IZA ; no. 16321
    Schlagworte: air pollution; green innovation; China
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  15. The impact of climate change and policies on productivity
    A report of the ESCB Expert Group on productivity, innovation and technological changes
    Autor*in: Anyfantaki, Sofia; Colciago, Andrea; De Mulder, Jan; Falck, Elisabeth; Labhard, Vincent; López-García, Paloma; Lourenço, Nuno; Meriküll, Jaanika; Parker, Miles; Röhe, Oke; Schroth, Joachim; Schulte, Patrick; Strobel, Johannes
    Erschienen: [2024]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    The impact of climate change on European Union (EU) countries and regions is poised to exhibit considerable diversity, influenced by factors encompassing average temperature, sectoral composition, developmental stages, and adaptation endeavours. The... mehr

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    The impact of climate change on European Union (EU) countries and regions is poised to exhibit considerable diversity, influenced by factors encompassing average temperature, sectoral composition, developmental stages, and adaptation endeavours. The transition towards a more climate-friendly economy demands a well-orchestrated approach to mitigate enduring productivity costs. This shift will have varied implications for businesses, contingent upon their scale, access to financial resources, and capacity for innovation. The formulation of transition policies holds the potential to foster green innovation without displacing other initiatives, yet stringent climate regulations might impede the productivity ascent of pollutantemitting enterprises. It will thus take time to reap the benefits of innovation. The efficacy of the policy mix is of critical importance in determining the trajectory of success. Market-driven mechanisms exhibit milder distortions compared to nonmarket-based strategies, though they may not inherently stimulate innovation. Significantly, subsidies earmarked for green research and development (R&D) emerge as a pivotal instrument for fostering innovation, thus constituting a vital component of the policy repertoire during the green transition. The implementation of transition policies will inevitably trigger a substantial reallocation of resources among and within sectors, potentially carrying short-term adverse ramifications. Notably, considerable productivity disparities exist between top and bottom emitters within specific industries. The transition period poses a risk to a substantial proportion of firms and can erode employment opportunities, with a likely decline in new ventures within affected sectors.

     
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    Quelle: Staatsbibliothek zu Berlin
    Beteiligt: Bijnens, Gert (HerausgeberIn)
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289964081
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    Schriftenreihe: Occasional paper series / European Central Bank ; No 340
    Schlagworte: climate change impact; productivity; transition risk; climate transitionpolicies; physical risk; green innovation; economic reallocation
    Umfang: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  16. Public green demand and green innovation
    evidence from US firms
    Autor*in: Fusillo, Fabrizio; Orsatti, Gianluca; Scandura, Alessandra
    Erschienen: [2024]
    Verlag:  Università degli studi di Torino, Department of Economics and Statistics "Cognetti de Martiis", Torino (Italy)

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    Schriftenreihe: Working paper series / Dipartimento economia e statistica Cognetti de Martiis ; 24, 07
    Schlagworte: public procurement; green innovation; process innovation; green process innovation; green transition
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  17. Air pollution and green innovation
    Autor*in: Guo, Liwen; Cheng, Zhiming; Tani, Massimiliano; Cook, Sarah
    Erschienen: July 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    With air pollution remaining a significant problem in many regions globally, an increasing number of environmentally conscious entrepreneurs have been taking initiatives to combat this issue, accompanied by a growing environmental awareness among the... mehr

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    With air pollution remaining a significant problem in many regions globally, an increasing number of environmentally conscious entrepreneurs have been taking initiatives to combat this issue, accompanied by a growing environmental awareness among the general public. To test the strength of this relationship, we use individual-level information from an enterprise survey in China in 2018 and conducted instrumental variable analyses to study the impact of air pollution on the green innovation behaviours of non-agricultural entrepreneurs. The results indicate that, on average, a one standard deviation increase in PM2.5 concentration is associated with a 4.3 percentage points increase in green innovation (or a 11.9 percentage points increase in green innovation intensity). Entrepreneurs' gambling preferences could potentially mediate the relationship between air pollution and green innovation, while expected firm income and actual firm income may act as suppressors. Specifically, entrepreneurs who launch their businesses following the implementation of environmental policies are more likely to adopt green innovation practices. This study provides insight into why there is a growing trend of environmentally-conscious entrepreneurs in regions with high levels of air pollution

     
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    Schriftenreihe: Discussion paper series / IZA ; no. 16321
    Schlagworte: air pollution; green innovation; China
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  18. Who drives green innovation in the Nordic Region?
    a change agency and systems perspective
    Autor*in: Giacometti, Alberto; Wøien Meijer, Mari; Salonen, Hilma
    Erschienen: [2024]
    Verlag:  Nordregio, Stockholm, Sweden

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    ISBN: 9789180010979
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    Schriftenreihe: Nordregio report ; 2024, 10
    Schlagworte: green innovation; green transition; innovation; protein shift
    Umfang: 1 Online-Ressource (circa 164 Seiten), Illustrationen
  19. Can digital finance promote low-carbon transition?
    evidence from China
    Autor*in: Ge, Xing; Fujii, Tomoki
    Erschienen: Jan 2023
    Verlag:  Singapore Management University, Singapore

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    Schriftenreihe: SMU economics and statistics working paper series ; paper no. 2023, 03
    Schlagworte: digital finance; low-carbon transition; green innovation; SBM-DEA
    Umfang: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  20. Greening the G7 economies through a more inclusive Climate Club
    Autor*in: Barbier, Edward
    Erschienen: [2023]
    Verlag:  Asian Development Bank Institute, Tokyo, Japan

    Despite some progress, the Group of Seven (G7) have yet to act collectively to foster a low-carbon transition of their economies. This paper outlines such a strategy, which would also encourage other economies to follow suit. This strategy has three... mehr

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    Despite some progress, the Group of Seven (G7) have yet to act collectively to foster a low-carbon transition of their economies. This paper outlines such a strategy, which would also encourage other economies to follow suit. This strategy has three elements. First, the G7 should agree to end the underpricing of fossil fuels, including phasing out subsidies and phasing in taxes or tradable permits to cover the costs of local air pollution, global warming, and other damages. Second, any revenues saved or raised should be recycled to fund green innovation or additional measures to offset any adverse income or employment effects of a clean energy transition. Third, the G7 should require that fossil fuel pricing reforms are the main precondition for joining its proposed Climate Club and should impose a levy on carbon- intensive imports to encourage compliance by other countries. The G7 should also provide comprehensive assistance to emerging market and developing economies to help accelerate their clean energy transition, facilitate their eventual participation in the Climate Club, and foster the attainment of climate, poverty, and development goals that also promote strong and resilient economies.

     
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    Schriftenreihe: ADBI working paper series ; no. 1370 (April 2023)
    Schlagworte: clean energy; carbon levy; climate club; fossil fuel pricing; green innovation; Joint Energy Transition Partnership; low-carbon transition; Partnership for Global Infrastructure and Investment
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen