Climate policy, resource owners’ anticipations and the green paradox: model set-up and empirical considerations
Climate policy, resource owners’ anticipations and the green paradox: model set-up and empirical considerations
复制标题
气候政策、资源所有者的预期和绿色悖论:模型设置和实证考虑
DOI:
10.1080/21606544.2022.2071344
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发表时间:
2022
影响因子:
2.6
通讯作者:
Schneider, Nicolas
中科院分区:
文献类型:
--
作者:
Schneider, Nicolas
With the acceleration of environmental commitments, theGreen Paradoxhas been taking centre stage in the climate debate. In the standard Hotelling (1936) framework, producers may interpret environmental regulations as direct threats to resource scarcity rents. They compensate the future losses of revenues by forward shifting the extraction decision to the present period. In this paper, we defend the intuition behind which the anticipation effects of fossil producers are non-negligible and cannot be ignored by environmental planners. However, facing the conflicting evidence and theoretical underpinnings arising from the most recent literature, we argue that their effective impacts on climate targets tend to be over-estimated and might become smaller under reasonable assumptions and identified conditions. Accordingly, a set of recommendations are provided to internalize such inferences within upcoming climate measures.
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