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Essays in environmental economics.

Polborn, Sarah E.

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Essays in environmental economics.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Essays in environmental economics./
Author:	Polborn, Sarah E.
Description:	112 p.
Notes:	Source: Dissertation Abstracts International, Volume: 72-01, Section: A, page: 0294.
Contained By:	Dissertation Abstracts International72-01A.
Subject:	Economics, Environmental. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3436094
ISBN:	9781124361611

Essays in environmental economics.
Polborn, Sarah E.

Essays in environmental economics. - 112 p.

Source: Dissertation Abstracts International, Volume: 72-01, Section: A, page: 0294.

Thesis (Ph.D.)--The Pennsylvania State University, 2010.

The central topic of this dissertation is environmental policy. Using a supply side approach to the problem of anthropogenic emissions of carbon dioxide the first essay studies the effect of backstop technology research on the speed at which fossil fuels are depleted. The key insight is that backstop technology research encourages fossil fuel owners to supply more of their resource in the near future because they anticipate that their resource will become obsolete before it is depleted. Thus, while backstop technology research offers the promise of an eventual decrease in carbon dioxide emissions, it creates a higher near future cost of climate change due to the increase in near future carbon dioxide emissions. The paper shows that even if backstop technology research was costless, for a large enough discount rate on the cost of global warming no backstop technology research can be optimal.

ISBN: 9781124361611Subjects--Topical Terms:

1669564
Economics, Environmental.

Essays in environmental economics.
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100 1 $a Polborn, Sarah E. $3 1681681
245 1 0 $a Essays in environmental economics.
300 $a 112 p.
500 $a Source: Dissertation Abstracts International, Volume: 72-01, Section: A, page: 0294.
500 $a Adviser: Barry Ickes.
502 $a Thesis (Ph.D.)--The Pennsylvania State University, 2010.
520 $a The central topic of this dissertation is environmental policy. Using a supply side approach to the problem of anthropogenic emissions of carbon dioxide the first essay studies the effect of backstop technology research on the speed at which fossil fuels are depleted. The key insight is that backstop technology research encourages fossil fuel owners to supply more of their resource in the near future because they anticipate that their resource will become obsolete before it is depleted. Thus, while backstop technology research offers the promise of an eventual decrease in carbon dioxide emissions, it creates a higher near future cost of climate change due to the increase in near future carbon dioxide emissions. The paper shows that even if backstop technology research was costless, for a large enough discount rate on the cost of global warming no backstop technology research can be optimal.
520 $a The following chapters study carbon abatement policy instruments from a political economy perspective. They illustrate some problems with both traditional cap and trade systems and carbon taxation and then proceed to propose an alternative policy instrument with significant advantages over these systems. The key feature of the proposed carbon securities is that they entitle their owners to a fixed proportion of ex ante unknown total emissions. The total level of carbon emissions is set by the political process after the carbon securities have been sold. In contrast to a traditional permit system, in which a government's choice of emissions quota is influenced by one lobby which represents industries that consume significant amounts of carbon-based energy, a system based on carbon securities creates an additional group of stakeholders with a strong incentive to get organized and influence the government's choice of an emission level. The advantages over existing systems include stronger commitment to abatement policy, an equilibrium carbon price closer to the social optimum, a more predictable environmental policy in the presence of either climate or political uncertainty, and higher investment in abatement technology.
590 $a School code: 0176.
650 4 $a Economics, Environmental. $3 1669564
650 4 $a Economics, General. $3 1017424
690 $a 0438
690 $a 0501
710 2 $a The Pennsylvania State University. $3 699896
773 0 $t Dissertation Abstracts International $g 72-01A.
790 1 0 $a Ickes, Barry, $e advisor
790 $a 0176
791 $a Ph.D.
792 $a 2010
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3436094