By Karen Pittel,Rick van der Ploeg,Cees Withagen

Recent advancements recommend that well-intended weather policies--including carbon taxes and subsidies for renewable strength -- will possibly not accomplish what coverage makers intend. Hans-Werner Sinn has defined a "green paradox," arguing that those rules may possibly hasten worldwide warming via encouraging proprietors of fossil gasoline reserves to extend their extraction premiums for worry that their reserves becomes valueless. during this quantity, economists examine the empirical and theoretical aid for the golf green paradox. supplying exact and rigorous analyses of the forces and assumptions riding Sinn's argument, the individuals think of no matter if emerging carbon tax premiums necessarily accelerate weather swap; the consequences of the layout of source markets, the supply of fresh substitutes, and the improvement of latest applied sciences; and the empirical proof (or lack thereof) for the golf green paradox outcome. they think about extraction expenditures; sustainability and innovation; timing, assertion results, and time consistency when it comes to coverage measures; and empirical effects for the golf green paradox phenomena below numerous substitute coverage 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 lengthy, Ralph A. iciness, Cees Withagen

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Climate Policy and Nonrenewable Resources: The Green Paradox and Beyond (CESifo Seminar Series) by Karen Pittel,Rick van der Ploeg,Cees Withagen

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