Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy
In: CESifo Working Paper No. 8486
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In: CESifo Working Paper No. 8486
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Working paper
In: CEIS Working Paper No. 501
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Working paper
In: Journal of Industrial Ecology, Band 22, Heft 5, S. 1080-1091
SSRN
In: Climate policy, Band 22, Heft 1, S. 1-17
ISSN: 1752-7457
In: Climate policy, Band 11, Heft 5, S. 1226-1245
ISSN: 1752-7457
In: Environmental and resource economics, Band 78, Heft 1, S. 1-42
ISSN: 1573-1502
AbstractUnderstanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing and fossil fuel subsidy reforms in different countries arrive at ambiguous results. To systematically determine the sources of variation between these outcomes, we apply an ordered probit meta-analysis framework. Based on a comprehensive, systematic and transparent screening of the literature, our sample comprises 53 empirical studies containing 183 effects in 39 countries. Results indicate a significantly increased likelihood of progressive distributional outcomes for studies on lower income countries and transport sector policies. The same applies to study designs that consider indirect effects, demand-side adjustments of consumers or lifetime income proxies.
In: Environmental science & policy, Band 77, S. 252-259
ISSN: 1462-9011
In: Climate policy, Band 11, Heft 5, S. 1226-1245
ISSN: 1469-3062
World Affairs Online
Long-lived capital-stocks (LLCS) such as infrastructure and buildings have significant and long-lasting implications for greenhouse gas emissions. They contribute to carbon lock-in and may hinder a rapid decarbonization of energy systems. Here we provide a systematic map of the literature on carbon lock-in induced by LLCS. Based on a structured search of the Web of Science and Scopus, we identified 226 publications from 38 095 search results using a supervised machine learning approach. We show biases toward power generation and toward developed countries. We also identify 11 indicators used to quantify carbon lock-in. Quantifications of committed emissions (cumulative emissions that would occur over the remaining operational lifetime of an asset) or stranded assets (premature retirement/retrofitting or under-utilization of assets along a given pathway) are the most commonly used metrics, whereas institutional indicators are scarcely represented. The synthesis of quantifications shows that (i) global committed emissions have slightly increased over time, (ii) coal power plants are a major source of committed emissions and are exposed to risk of becoming stranded, (iii) delayed mitigation action increases stranded assets and (iv) sectoral distribution and amount of stranded assets differ between countries. A thematic analysis of policy implications highlights the need to assure stability and legitimacy of climate policies and to enable coordination between stakeholders. Carbon pricing is one of the most cited policy instrument, but the literature emphasizes that it should not be the only instrument used and should instead be complemented with other policy instruments, such as technical regulations and financial support for low carbon capital deployment. Further research is warranted on urban-scale, in developing countries and outside the electricity generation sector, notably on buildings, where stranded assets could be high. ; BMBF, 01LA1826A, Ökonomie des Klimawandels - Verbundprojekt: Die politische Ökonomie ...
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In: ONE-EARTH-D-22-00652
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Cities produce more than 70% of global greenhouse gas emissions. Action by cities is therefore crucial for climate change mitigation as well as for safeguarding the health and wellbeing of their populations under climate change. Many city governments have made ambitious commitments to climate change mitigation and adaptation and implemented a range of actions to address them. However, a systematic record and synthesis of the findings of evaluations of the effect of such actions on human health and wellbeing is currently lacking. This, in turn, impedes the development of robust knowledge on what constitutes high-impact climate actions of benefit to human health and wellbeing, which can inform future action plans, their implementation and scale-up. The development of a systematic record of studies reporting climate and health actions in cities is made challenging by the broad landscape of relevant literature scattered across many disciplines and sectors, which is challenging to effectively consolidate using traditional literature review methods. This protocol reports an innovative approach for the systematic development of a database of studies of climate change mitigation and adaptation actions implemented in cities, and their benefits (or disbenefits) for human health and wellbeing, derived from peer-reviewed academic literature. Our approach draws on extensive tailored search strategies and machine learning methods for article classification and tagging to generate a database for subsequent systematic reviews addressing questions of importance to urban decision-makers on climate actions in cities for human health and wellbeing.
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Cities produce more than 70% of global greenhouse gas emissions. Action by cities is therefore crucial for climate change mitigation as well as for safeguarding the health and wellbeing of their populations under climate change. Many city governments have made ambitious commitments to climate change mitigation and adaptation and implemented a range of actions to address them. However, a systematic record and synthesis of the findings of evaluations of the effect of such actions on human health and wellbeing is currently lacking. This, in turn, impedes the development of robust knowledge on what constitutes high-impact climate actions of benefit to human health and wellbeing, which can inform future action plans, their implementation and scale-up. The development of a systematic record of studies reporting climate and health actions in cities is made challenging by the broad landscape of relevant literature scattered across many disciplines and sectors, which is challenging to effectively consolidate using traditional literature review methods. This protocol reports an innovative approach for the systematic development of a database of studies of climate change mitigation and adaptation actions implemented in cities, and their benefits (or disbenefits) for human health and wellbeing, derived from peer-reviewed academic literature. Our approach draws on extensive tailored search strategies and machine learning methods for article classification and tagging to generate a database for subsequent systematic reviews addressing questions of importance to urban decision-makers on climate actions in cities for human health and wellbeing.
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Non-technical summary: Discourses of climate delay' pervade current debates on climate action. These discourses accept the existence of climate change, but justify inaction or inadequate efforts. In contemporary discussions on what actions should be taken, by whom and how fast, proponents of climate delay would argue for minimal action or action taken by others. They focus attention on the negative social effects of climate policies and raise doubt that mitigation is possible. Here, we outline the common features of climate delay discourses and provide a guide to identifying them. Technical summary: Through our collective observations as social scientists studying climate change, we describe 12 climate delay discourses and develop a typology based on their underlying logic. Delay discourses can be grouped into those that: (1) redirect responsibility; (2) push non-transformative solutions; (3) emphasize the downsides of climate policies; or (4) surrender to climate change. These discourses are distinct from climate denialism, climate-impact scepticism and ad hominem attacks, but are often used in combination to erode public and political support for climate policies. A deeper investigation of climate delay discourses is necessary in order to understand their prevalence and to develop inoculation strategies that protect the public from their intended effects. Our typology enables scientists, climate advocates and policymakers to recognize and counter these arguments when they are used. We urge all proponents of climate action to address these common misrepresentations of the climate crisis and to better communicate the dramatic pace of global warming, the gravity of its impacts and the possibility of effective and just mitigation policies. Social media summary: Discourses of climate delay: redirect responsibility, push non-transformative solutions, emphasize downsides, surrender. © 2020 The Author(s). Published by Cambridge University Press.
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As current action remains insufficient to meet the goals of the Paris agreement let alone to stabilize the climate, there is increasing hope that solutions related to demand, services and social aspects of climate change mitigation can close the gap. However, given these topics are not investigated by a single epistemic community, the literature base underpinning the associated research continues to be undefined. Here, we aim to delineate a plausible body of literature capturing a comprehensive spectrum of demand, services and social aspects of climate change mitigation. As method we use a novel double-stacked expert—machine learning research architecture and expert evaluation to develop a typology and map key messages relevant for climate change mitigation within this body of literature. First, relying on the official key words provided to the Intergovernmental Panel on Climate Change by governments (across 17 queries), and on specific investigations of domain experts (27 queries), we identify 121 165 non-unique and 99 065 unique academic publications covering issues relevant for demand-side mitigation. Second, we identify a literature typology with four key clusters: policy, housing, mobility, and food/consumption. Third, we systematically extract key content-based insights finding that the housing literature emphasizes social and collective action, whereas the food/consumption literatures highlight behavioral change, but insights also demonstrate the dynamic relationship between behavioral change and social norms. All clusters point to the possibility of improved public health as a result of demand-side solutions. The centrality of the policy cluster suggests that political actions are what bring the different specific approaches together. Fourth, by mapping the underlying epistemic communities we find that researchers are already highly interconnected, glued together by common interests in sustainability and energy demand. We conclude by outlining avenues for interdisciplinary collaboration, synthetic analysis, community building, and by suggesting next steps for evaluating this body of literature.
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