Article
Economics
Samuel J. Okullo, Frederic Reynes, Marjan W. Hofkes
Summary: This paper examines the potential adverse impacts of well-intended preannounced carbon mitigation policies, such as the green paradox, and emphasizes the importance of considering the interim build-up of carbon-free capacity in response to preannounced climate policies in order to avoid overestimating the green paradox.
Article
Business
Gilbert Kollenbach, Mark Schopf
Summary: This study examines the relationship between exploration investments, backstop technology, climate coalition, and free-riding fringe using the Hotelling model. The findings suggest that if the coalition is a price taker, an increase in marginal climate damage leads to carbon leakage. If the coalition is small or its energy demand is price sensitive, both mining and climate damages decrease. Moreover, if exploration investments are productive, a lower fuel price significantly reduces total extraction. If the coalition acts strategically, considering terms of-trade and carbon-leakage effects, a higher marginal climate damage may increase the cumulative fuel consumption of the coalition, preventing a weak green paradox.
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2022)
Article
Green & Sustainable Science & Technology
Elisabeth Bloder, Georg Jaeger
Summary: Traffic and transportation are major contributors to global CO2 emissions. The concept of a Green Wave, which aims to reduce emissions by coordinating traffic lights, may have the potential to reduce emissions but also comes with the risk of increasing car use. The study suggests that while a Green Wave could lead to emission reductions, there is also a high risk of a net increase in emissions depending on the specifics of the traffic system.
Article
Economics
Pablo Aguilar, Beatriz Gonzalez, Samuel Hurtado
Summary: This paper presents a general equilibrium sectoral model to analyze the short-term impact of different emission taxes schemes in production networks, specifically focusing on two types of energy sectors. The model uses input-output matrix to calibrate to the Spanish economy at the industry level and considers the actual cost of emissions associated with energy use in each industry. The study finds that an increase in emission allowances price leads to a cumulative decline in Spanish GDP after three years, with varying effects on different industries depending on their exposure to the ETS and network ETS exposure.
ECONOMIC MODELLING
(2023)
Article
Management
Michalis Deligiannis, George Liberopoulos
Summary: Suppliers selling to regular buyers must balance stocking costs with buyer reactions. To support decision-making, a new newsvendor model is developed to analyze buyer selection and ordering decisions. Three Lagrangian Relaxation (LR)-based index policies are derived and compared, with the novel active-constraint index policy performing the best.
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
(2023)
Article
Economics
Gerard van der Meijden, Hassan Benchekroun, Frederick van der Ploeg, Cees Withagen
Summary: In a competitive market, renewable energy subsidies or postponement of carbon pricing may increase emissions and global warming in the short term, but this Green Paradox effect could be reversed under fossil-fuel monopoly or an infinitely large number of oligopolists.
EUROPEAN JOURNAL OF POLITICAL ECONOMY
(2023)
Article
Construction & Building Technology
Caleb Debrah, Albert Ping Chuen Chan, Amos Darko
Summary: Despite the crucial role of green finance in green buildings, limited research and investment have been dedicated to this area. Asia has been the largest contributor in research in this field, yet it remains highly under-researched. The study highlights future research directions and emphasizes the need to enhance attention on the application of green finance in green buildings.
BUILDING AND ENVIRONMENT
(2022)
Article
Green & Sustainable Science & Technology
Todd A. Eisenstadt, Tawfique Haque, Michael Toman, Matthew Wright
Summary: This study examines citizens' perspectives on the responsibility of different levels of government to address climate change problems using Bangladesh as a case study. The findings suggest that Bangladeshi respondents trust local governments more than the national government. However, local governments are relatively weaker compared to the national government as they have limited political and financial resources. Furthermore, respondents perceive local officials as embedded community networks rather than formal government agents. Therefore, better public communications between governments and vulnerable communities are crucial for effective climate adaptation governance.
Article
Environmental Sciences
Le Thanh Ha
Summary: This paper empirically examines the influences of climate-related financial policies on green innovation. The results show that these policies have a positive impact and are statistically significant on the implementation of green innovation. Moreover, the study suggests that these policies are more likely to have long-term effects.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Business, Finance
Francesco Lamperti, Valentina Bosetti, Andrea Roventini, Massimo Tavoni, Tania Treibich
Summary: Green finance policies can reduce carbon emissions and climate impacts, while increasing financial sector stability and economic growth. However, some policy combinations may lead to credit booms, exacerbating financial instability and increasing public debt.
JOURNAL OF FINANCIAL STABILITY
(2021)
Article
Ecology
Jussi Lampinen, Oriol Garcia-Antunez, Alex M. Lechner, Anton Stahl Olafsson, Natalie M. Gulsrud, Christopher M. Raymond
Summary: Urban green infrastructure can play a role in mitigating biodiversity loss, supporting well-being, and addressing climate change. Understanding public support for policies favoring specific outcomes, and potential trade-offs between them, is essential. This study in Helsinki, Finland, reveals strong support for green infrastructure policies that prioritize climate benefits, with willingness to compromise well-being rather than biodiversity.
LANDSCAPE AND URBAN PLANNING
(2023)
Article
Business, Finance
Lucia Alessi, Elisa Ossola, Roberto Panzica
Summary: This study examines the evolution of the greenium, which is the risk premium associated with firms' carbon emissions and environmental transparency, using individual stock returns. The findings suggest that investors in the European equity market tend to accept lower returns and hold greener and more transparent assets when the shift towards low carbon becomes more credible. Opposite signals, such as increases in the prices of oil or critical minerals for the low-carbon transition, are associated with increases in the greenium.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2023)
Article
Environmental Sciences
Sangjin Park, Wonmin Sohn, Yong Piao, Dongkun Lee
Summary: This study predicts areas with a high probability of flooding in coastal areas of South Korea due to future climate change. It also identifies the change in coastal flooding risk probability with different adaptation strategies and highlights the importance of a nature-based strategy. The study emphasizes the need to prepare adaptation measures according to regional characteristics to mitigate the impact of climate change.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2023)
Article
Economics
Maria Elisa Belfiori
Summary: Eliminating fossil fuel subsidies may result in a Green Paradox and a Fiscal Paradox, leading to increased carbon emissions and worsened climate externality in the short run, as well as a rise in government spending. These intertemporal effects reduce the relative benefits of subsidy elimination and may make the reform counterproductive.
ECONOMICS OF ENERGY & ENVIRONMENTAL POLICY
(2021)
Article
Economics
Bhavya Gupta, Ruijie Cheng, Ramkishen S. Rajan
Summary: This article examines the importance of green financial policies as complements to fiscal policies in preserving stability against climate-related risks. It creates an index to measure the intensity of these policies and empirically explores the relationship between policy uptake and fiscal space. The findings suggest that countries with higher climate risks and limited fiscal space are more likely to implement green financial policies.
APPLIED ECONOMICS LETTERS
(2023)
Review
Environmental Sciences
I Keppo, I Butnar, N. Bauer, M. Caspani, O. Edelenbosch, J. Emmerling, P. Fragkos, C. Guivarch, M. Harmsen, J. Lefevre, T. Le Gallic, M. Leimbach, W. McDowall, J-F Mercure, R. Schaeffer, E. Trutnevyte, F. Wagner
Summary: Integrated assessment models (IAMs) are key tools for climate mitigation scenarios, but face critiques on method adequacy and result communication. Despite conceptual diversity, IAMs are often criticized collectively. Six main critiques include representation of actors, technology diffusion modeling, capital markets representation, energy-economy feedbacks, policy scenarios, and interpretation and use of model results.
ENVIRONMENTAL RESEARCH LETTERS
(2021)
Article
Environmental Sciences
Christoph Bertram, Gunnar Luderer, Felix Creutzig, Nico Bauer, Falko Ueckerdt, Aman Malik, Ottmar Edenhofer
Summary: The COVID-19 pandemic has significantly impacted global energy systems, leading to a substantial decline in global power sector emissions. Global policy should learn from the lessons of 2020 to ensure that power sector emissions have peaked in 2018 and are now in a structural decline phase.
NATURE CLIMATE CHANGE
(2021)
Article
Multidisciplinary Sciences
Jessica Strefler, Elmar Kriegler, Nico Bauer, Gunnar Luderer, Robert C. Pietzcker, Anastasis Giannousakis, Ottmar Edenhofer
Summary: Most climate change mitigation scenarios overestimate the need for carbon dioxide removal (CDR) due to assumptions of exponentially increasing carbon prices. However, controlling global warming well below 2 degrees C may be more achievable with lower long-term economic effort and CDR deployment if high carbon prices are set initially to ensure target compliance, and then increase at a slower rate after carbon neutrality is reached.
NATURE COMMUNICATIONS
(2021)
Article
Multidisciplinary Sciences
Bjoern Soergel, Elmar Kriegler, Benjamin Leon Bodirsky, Nico Bauer, Marian Leimbach, Alexander Popp
Summary: Climate change poses a threat to eradicating extreme poverty, but this impact can be offset by redistributing national carbon pricing revenues and implementing international climate finance, leading to a significant reduction in global poverty.
NATURE COMMUNICATIONS
(2021)
Article
Environmental Sciences
Florian Leblanc, Ruben Bibas, Silvana Mima, Matteo Muratori, Shogo Sakamoto, Fuminori Sano, Nico Bauer, Vassilis Daioglou, Shinichiro Fujimori, Matthew J. Gidden, Estsushi Kato, Steven K. Rose, Junichi Tsutsui, Detlef P. van Vuuren, John Weyant, Marshall Wise
Summary: The paper highlights the potential of bioenergy to reduce transport GHG emissions, although it may not be the dominant solution. Lignocellulosic fuels could play a significant role in decarbonizing transportation sector, but the limited biomass supply and uncertainties in allocation to and within the sector are key factors affecting the use of biofuels in transport.
Article
Energy & Fuels
Gunnar Luderer, Silvia Madeddu, Leon Merfort, Falko Ueckerdt, Michaja Pehl, Robert Pietzcker, Marianna Rottoli, Felix Schreyer, Nico Bauer, Lavinia Baumstark, Christoph Bertram, Alois Dirnaichner, Florian Humpenoder, Antoine Levesque, Alexander Popp, Renato Rodrigues, Jessica Strefler, Elmar Kriegler
Summary: The rapid cost degression in photovoltaics, wind-power, and battery storage, along with climate policies like carbon pricing to reach the Paris Climate targets, could make electricity cheaper than carbon-based fuels. This could lead to electricity accounting for nearly two-thirds of global energy use by mid-century, inducing a fundamental transformation in energy systems.
Article
Economics
Marian Leimbach, Nico Bauer
Summary: Globalization has led to increasing current account imbalances, while climate change challenges require cooperative action. A study investigating potential market feedback mechanisms between climate policies, energy sector transformation, and imperfect capital markets has shown initial results of the dominant effect of capital market imperfections on macroeconomic variables in global climate policy scenarios.
ENVIRONMENTAL ECONOMICS AND POLICY STUDIES
(2022)
Article
Environmental Sciences
Celine Guivarch, Thomas Le Gallic, Nico Bauer, Panagiotis Fragkos, Daniel Huppmann, Marc Jaxa-Rozen, Ilkka Keppo, Elmar Kriegler, Tamas Krisztin, Giacomo Marangoni, Steve Pye, Keywan Riahi, Roberto Schaeffer, Massimo Tavoni, Evelina Trutnevyte, Detlef van Vuuren, Fabian Wagner
Summary: Mitigation scenario ensembles are a crucial tool for achieving net zero emissions. This study explores their potential and outlines key steps for their effective use and promotion of good practices.
NATURE CLIMATE CHANGE
(2022)
Article
Environmental Sciences
Stephen L. L. Bi, Nico Bauer, Jessica Jewell
Summary: This research presents a new approach to evaluate the potential risks of coal phase-out and the bottom-up momentum. The study highlights the importance of global coal phase-out for the Paris Agreement. It introduces the dynamic policy evaluation (DPE) method to assess the likelihood of PPCA participation and predicts potential leakage risks that may undermine sector-specific actions.
NATURE CLIMATE CHANGE
(2023)
Article
Environmental Sciences
Nico Bauer, David P. Keller, Julius Garbe, Kristine Karsten, Franziska Piontek, Werner von Bloh, Wim Thiery, Maria Zeitz, Matthias Mengel, Jessica Strefler, Kirsten Thonicke, Ricarda Winkelmann
Summary: Temperature targets of the Paris Agreement limit global net cumulative emissions to tight carbon budgets, and the possibility of overshooting the budget and offsetting near-term excess emissions with net-negative emissions is economically attractive. However, the additional climate risks and impacts and damages associated with carbon removal deployment have received less attention. An integrative analysis linking six models reveals that overshooting a carbon budget consistent with the 1.5 degrees C target has significant effects on climatic, environmental, and socio-economic systems. The study highlights the need for differentiated analysis of these systems in overshoot scenarios.
ENVIRONMENTAL RESEARCH LETTERS
(2023)
Correction
Environmental Sciences
Nico Bauer, David P. Keller, Julius Garbe, Kristine Karstens, Franziska Piontek, Werner von Bloh, Wim Thiery, Maria Zeitz, Matthias Mengel, Jessica Strefler, Kirsten Thonicke, Ricarda Winkelmann
ENVIRONMENTAL RESEARCH LETTERS
(2023)
Article
Environmental Sciences
Leon Merfort, Nico Bauer, Florian Humpenoeder, David Klein, Jessica Strefler, Alexander Popp, Gunnar Luderer, Elmar Kriegler
Summary: Controlling bioenergy-induced land-use-change emissions is crucial for utilizing bioenergy as a climate change mitigation strategy. The impact of different land-use and energy sector policies on bioenergy emissions has not been previously studied. This study reveals that a uniform price on emissions and comprehensive coverage of carbon-rich land areas are essential for reducing total biofuel emissions. In the absence of proper land-use regulation, bioenergy may contribute less to climate change mitigation than previously assumed.
NATURE CLIMATE CHANGE
(2023)
Editorial Material
Environmental Sciences
Leon Merfort, Nico Bauer, Florian Humpenoeder, David Klein, Jessica Strefler, Alexander Popp, Gunnar Luderer, Elmar Kriegler
Summary: Under the current land-use regulation, carbon dioxide emissions from biofuel production are higher than those from fossil diesel combustion. Consequently, international agreements should prioritize the comprehensive protection of natural land before modern bioenergy can make meaningful contributions towards achieving carbon neutrality.
NATURE CLIMATE CHANGE
(2023)
Article
Geosciences, Multidisciplinary
Lavinia Baumstark, Nico Bauer, Falk Benke, Christoph Bertram, Stephen Bi, Chen Chris Gong, Jan Philipp Dietrich, Alois Dirnaichner, Anastasis Giannousakis, Jerome Hilaire, David Klein, Johannes Koch, Marian Leimbach, Antoine Levesque, Silvia Madeddu, Aman Malik, Anne Merfort, Leon Merfort, Adrian Odenweller, Michaja Pehl, Robert C. Pietzcker, Franziska Piontek, Sebastian Rauner, Renato Rodrigues, Marianna Rottoli, Felix Schreyer, Anselm Schultes, Bjoern Soergel, Dominika Soergel, Jessica Strefler, Falko Ueckerdt, Elmar Kriegler, Gunnar Luderer
Summary: The REMIND model is an integrated assessment model that provides a comprehensive view of the global energy-economy-emissions system and explores self-consistent transformation pathways. It uses non-linear optimization to derive welfare-optimal regional transformation pathways of the energy-economic system and has particular strength in representing the scale-up of new technologies. The spatial resolution of REMIND is flexible and can be used for a variety of applications, balancing detail requirements and overall complexity.
GEOSCIENTIFIC MODEL DEVELOPMENT
(2021)
Review
Green & Sustainable Science & Technology
Maria A. Martin, Olga Alcaraz Sendra, Ana Bastos, Nico Bauer, Christoph Bertram, Thorsten Blenckner, Kathryn Bowen, Paulo M. Brando, Tanya Brodie Rudolph, Milena Buchs, Mercedes Bustamante, Deliang Chen, Helen Cleugh, Purnamita Dasgupta, Fatima Denton, Jonathan F. Donges, Felix Kwabena Donkor, Hongbo Duan, Carlos M. Duarte, Kristie L. Ebi, Clea M. Edwards, Anja Engel, Eleanor Fisher, Sabine Fuss, Juliana Gaertner, Andrew Gettelman, Cecile A. J. Girardin, Nicholas R. Golledge, Jessica F. Green, Michael R. Grose, Masahiro Hashizume, Sophie Hebden, Helmke Hepach, Marina Hirota, Huang-Hsiung Hsu, Satoshi Kojima, Sharachchandra Lele, Sylvia Lorek, Heike K. Lotze, H. Damon Matthews, Darren McCauley, Desta Mebratu, Nadine Mengis, Rachael H. Nolan, Erik Pihl, Stefan Rahmstorf, Aaron Redman, Colleen E. Reid, Johan Rockstrom, Joeri Rogelj, Marielle Saunois, Lizzie Sayer, Peter Schlosser, Giles B. Sioen, Joachim H. Spangenberg, Detlef Stammer, Thomas N. S. Sterner, Nicola Stevens, Kirsten Thonicke, Hanqin Tian, Ricarda Winkelmann, James Woodcock
Summary: Recent research highlights the importance of limiting global warming to 1.5 degrees Celsius and the potential ways to achieve this goal, such as through demand-side and nature-based solutions. It also emphasizes the significant impacts of political challenges on the effectiveness of carbon pricing.
GLOBAL SUSTAINABILITY
(2021)
