scholarly journals The Macro Effects of Climate Policy Uncertainty

2021 ◽  
Vol 2021 (015) ◽  
pp. 1-50
Author(s):  
Stephie Fried ◽  
◽  
Kevin Novan ◽  
William B. Peterman ◽  
◽  
...  
Keyword(s):  
Climate Policy ◽  
Equilibrium Model ◽  
Fossil Fuels ◽  
Carbon Tax ◽  
Policy Uncertainty ◽  
Dynamic General Equilibrium Model ◽  
Macroeconomic Impacts ◽  
Policy Risk ◽  
The Cost ◽  
The U.S

Uncertainty surrounding if and when the U.S. government will implement a federal climate policy introduces risk into the decision to invest in capital used in conjunction with fossil fuels. To quantify the macroeconomic impacts of this climate policy risk, we develop a dynamic, general equilibrium model that incorporates beliefs about future climate policy. We find that climate policy risk reduces carbon emissions by causing the capital stock to shrink and become relatively cleaner. Our results reveal, however, that a carbon tax could achieve the same reduction in emissions at less than half the cost.

scholarly journals The Macro Effects of Climate Policy Uncertainty

2021 ◽  
pp. 1.000-50.000
Author(s):  
Stephie Fried ◽  
◽  
Kevin Novan ◽  
William B. Peterman ◽  
◽  
...  
Keyword(s):  
Climate Policy ◽  
Equilibrium Model ◽  
Fossil Fuels ◽  
Carbon Tax ◽  
Policy Uncertainty ◽  
Dynamic General Equilibrium Model ◽  
Macroeconomic Impacts ◽  
Policy Risk ◽  
The Cost ◽  
The U.S

Uncertainty surrounding if and when the U.S. government will implement a federal climate policy introduces risk into the decision to invest in capital used in conjunction with fossil fuels. To quantify the macroeconomic impacts of this climate policy risk, we develop a dynamic, general equilibrium model that incorporates beliefs about future climate policy. We find that climate policy risk reduces carbon emissions by causing the capital stock to shrink and become relatively cleaner. Our results reveal, however, that a carbon tax could achieve the same reduction in emissions at less than half the cost.

scholarly journals The Consequences of Uncertainty: Climate Sensitivity and Economic Sensitivity to the Climate

2018 ◽  
Vol 10 (1) ◽  
pp. 189-205 ◽  
Author(s):  
John Hassler ◽  
Per Krusell ◽  
Conny Olovsson
Keyword(s):  
Climate Change ◽  
Climate Policy ◽  
Climate Sensitivity ◽  
Fossil Fuels ◽  
Carbon Tax ◽  
Green Energy ◽  
Integrated Assessment Model ◽  
Assessment Model ◽  
Energy Sources ◽  
Negative Impacts

We construct an integrated assessment model with multiple energy sources—two fossil fuels and green energy—and use it to evaluate ranges of plausible estimates for the climate sensitivity, as well as for the sensitivity of the economy to climate change. Rather than focusing explicitly on uncertainty, we look at extreme scenarios defined by the upper and lower limits given in available studies in the literature. We compare optimal policy with laissez faire, and we point out the possible policy errors that could arise. By far the largest policy error arises when the climate policy is overly passive; overly zealous climate policy (i.e., a high carbon tax applied when climate change and its negative impacts on the economy are very limited) does not hurt the economy much as there is considerable substitutability between fossil and nonfossil energy sources.

Energy After COVID

2020 ◽  
Vol 119 (820) ◽  
pp. 317-322
Author(s):  
Michael T. Klare
Keyword(s):  
Renewable Energy ◽  
Electric Vehicles ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
White Collar ◽  
Peak Oil ◽  
Business Travel ◽  
Reduce Energy Consumption ◽  
The Cost ◽  
Energy Companies

By transforming patterns of travel and work around the world, the COVID-19 pandemic is accelerating the transition to renewable energy and the decline of fossil fuels. Lockdowns brought car commuting and plane travel to a near halt, and the mass experiment in which white-collar employees have been working from home may permanently reduce energy consumption for business travel. Renewable energy and electric vehicles were already gaining market share before the pandemic. Under pressure from investors, major energy companies have started writing off fossil fuel reserves as stranded assets that are no longer worth the cost of extracting. These shifts may indicate that “peak oil demand” has arrived earlier than expected.

Editor in Chief’s Note on the Green Hydrogen Fuel from Solar / Wind Power

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Seyed Ehsan Hosseini
Keyword(s):  
Solar Wind ◽  
Crude Oil ◽  
Fossil Fuels ◽  
Sustainable Energy ◽  
Green Energy ◽  
Hydrogen Fuel ◽  
Fuel Production ◽  
Crude Oil Prices ◽  
Trade War ◽  
The Cost

Renewable and sustainable energy has an evolving story as the ongoing trade war in the word is influencing crude oil prices. Moreover, the global warming is an inevitable consequence of the worldwide increasing rate of fossil fuel utilization which has persuaded the governments to invest on the clean and sustainable energy resources. In recent years, the cost of green energy has tumbled, making the price of renewables competitive to the fossil fuels. Although, the hydrogen fuel is still extremely expensive compared to the crude oil price, investigations about clean hydrogen fuel production and utilization has been developed significantly which demonstrate the importance of the hydrogen fuel in the future. This article aims to scrutinize the importance of green hydrogen fuel production from solar/wind energy.

The impact of regulations on labor markets in the U.S.

2019 ◽  
Vol 1 (1) ◽  
pp. 36-40
Author(s):  
Souad Adnane
Keyword(s):  
Supply And Demand ◽  
Demand Model ◽  
Lead Teachers ◽  
Associate's Degree ◽  
Childcare Workers ◽  
Educational Requirements ◽  
The Cost ◽  
Women's Labor Force Participation ◽  
The Impact ◽  
The U.S

The District of Columbia (DC) Office of the Superintendent of Education (OSSE) issued in December 2016 new educational requirements for childcare workers, according to which, all childcare center directors in the District must earn a bachelor’s degree by December 2022 and all lead teachers an associate’s degree by December 2020 (Institute for Justice, 2018). Moreover, DC has one of the lowest staff-child ratios in the country. How are regulations pertaining to childcare workers’ qualifications and staff-child ratio affecting the childcare market in DC? The present paper is an attempt to answer this question first by analyzing the effects of more stringent regulations on the cost and availability of childcare in the U.S based on existing studies. It also uses the basic supply and demand model to examine the possible impact of the new DC policy on the cost, quality and supply of childcare in the District and how it will affect working parents, especially mothers. Next, the paper discusses the impact of deregulation based on simulations and regressions conducted by studies covering the U.S., and implications for quality. It concludes that more stringent childcare regulations, regarding educational requirements and staff-child ratios, are associated with a reduced number of childcare centers and a higher cost, and eventually affects women’s labor force participation.

scholarly journals Designing high energy density flow batteries by tuning active-material thermodynamics

RSC Advances ◽  
2021 ◽  
Vol 11 (10) ◽  
pp. 5432-5443
Author(s):  
Shyam K. Pahari ◽  
Tugba Ceren Gokoglan ◽  
Benjoe Rey B. Visayas ◽  
Jennifer Woehl ◽  
James A. Golen ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Energy Density ◽  
Fossil Fuels ◽  
Active Material ◽  
High Energy ◽  
Theoretical Framework ◽  
High Energy Density ◽  
Density Flow ◽  
The Cost

With the cost of renewable energy near parity with fossil fuels, energy storage is paramount. We report a breakthrough on a bioinspired NRFB active-material, with greatly improved solubility, and place it in a predictive theoretical framework.

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