In this Book

summary
Recent developments suggest that well-intended climate policies--including carbon taxes and subsidies for renewable energy -- might not accomplish what policy makers intend. Hans-Werner Sinn has described a "green paradox," arguing that these policies could hasten global warming by encouraging owners of fossil fuel reserves to increase their extraction rates for fear that their reserves will become worthless. In this volume, economists investigate the empirical and theoretical support for the green paradox. Offering detailed and rigorous analyses of the forces and assumptions driving Sinn's argument, the contributors consider whether rising carbon tax rates inevitably speed up climate change; the effects of the design of resource markets, the availability of clean substitutes, and the development of new technologies; and the empirical evidence (or lack thereof) for the green paradox result. They consider extraction costs; sustainability and innovation; timing, announcement effects, and time consistency in relation to policy measures; and empirical results for the green paradox phenomena under several alternative policy measures. ContributorsJulien Daubanes, Corrado Di Maria, Carolyn Fischer, Florian Habermacher, Michael Hoel, Darko Jus, Gebhard Kirchgassner, Ian Lange, Pierre Lasserre, Volker Meier, Karen Pittel, Stephen Salant, Frank Stähler, Gerard van der Meijden, Frederick van der Ploeg, Edwin van der Werf, Ngo Van Long, Ralph A. Winter, Cees Withagen

Table of Contents

  1. Cover
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  1. Title Page, Copyright Page
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  1. Contents
  2. pp. v-vi
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  1. Series Foreword
  2. pp. vi-viii
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  1. 1 The Green Paradox: A Mirage?
  2. Karen Pittel, Rick van der Ploeg, and Cees Withagen
  3. pp. 1-18
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  1. I Extraction Costs
  2. pp. 19-20
  1. 2 Supply-Side Climate Policy and the Green Paradox
  2. Michael Hoel
  3. pp. 21-42
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  1. 3 The Green Paradox as a Supply Phenomenon
  2. Julien Daubanes and Pierre Lasserre
  3. pp. 43-56
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  1. II Technology, Innovation, and Substitutability
  2. pp. 57-58
  1. 4 The Green Paradox under Imperfect Substitutability between Clean and Dirty Fuels
  2. Ngo Van Long
  3. pp. 59-86
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  1. 5 Fossil Fuels, Backstop Technologies, and Imperfect Substitution
  2. Gerard van der Meijden
  3. pp. 87-120
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  1. 6 Innovation and the Green Paradox
  2. Ralph A. Winter
  3. pp. 121-150
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  1. 7 Resource Extraction and Backstop Technologies in General Equilibrium
  2. Ngo Van Long and Frank Stähler
  3. pp. 151-170
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  1. III Timing, Announcement Effects, and Time Consistency
  2. pp. 171-172
  1. 8 Does a Future Rise in Carbon Taxes Harm the Climate?
  2. Florian Habermacher and Gebhard Kirchgässner
  3. pp. 173-210
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  1. 9 The Impacts of Announcing and Delaying Green Policies
  2. pp. 211-224
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  1. 10 Going Full Circle: Demand-Side Constraints to the Green Paradox
  2. Corrado Di Maria, Ian Lange, and Edwin van der Werf
  3. pp. 225-252
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  1. IV Empirics and Quantification
  2. pp. 253-254
  1. 11 Quantifying Intertemporal Emissions Leakage
  2. Carolyn Fischer and Stephen Salant
  3. pp. 255-286
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  1. Contributors
  2. pp. 287-288
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  1. Index
  2. pp. 289-296
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Additional Information

ISBN
9780262319836
Related ISBN
9780262027885
MARC Record
OCLC
889930911
Pages
304
Launched on MUSE
2014-09-16
Language
English
Open Access
No
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