And then he wasnùt a she: climate change and green transitions in an agent-based integrated assessment model

"In this work, we employ an agent-based integrated assessment model to study the likelihood of transition to green, sustainable growth in presence of climate damages. The model comprises heterogeneous fossil-fuel and renewable plants, capital- and consumption-good firms and a climate box linkin...

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Main Authors: Institute of Economics. Scuola Superiore Sant'Anna. Laboratory of Economics and Management., Lamperti, Francesco, Dosi, Giovanni, Napoletano, Mauro, Roventini, Andrea, Sapio, Alessandro
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Pisa 2018
Scuola Superiore Sant'Anna
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19390308124911185809-and-then-he-wasnut-a-she-clima.htm
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author Institute of Economics. Scuola Superiore Sant'Anna. Laboratory of Economics and Management.
Lamperti, Francesco
Dosi, Giovanni
Napoletano, Mauro
Roventini, Andrea
Sapio, Alessandro
author_facet Institute of Economics. Scuola Superiore Sant'Anna. Laboratory of Economics and Management.
Lamperti, Francesco
Dosi, Giovanni
Napoletano, Mauro
Roventini, Andrea
Sapio, Alessandro
collection Library items
description "In this work, we employ an agent-based integrated assessment model to study the likelihood of transition to green, sustainable growth in presence of climate damages. The model comprises heterogeneous fossil-fuel and renewable plants, capital- and consumption-good firms and a climate box linking greenhouse gasses emission to temperature dynamics and microeconomic climate shocks affecting labour productivity and energy demand of firms. Simulation results show that the economy possesses two statistical equilibria: a carbon-intensive lock-in and a sustainable growth path characterized by better macroeconomic performances. Once climate damages are accounted for, the likelihood of a green transition depends on the damage function employed. In particular, aggregate and quadratic damage functions overlook the impact of climate change on the transition to sustainability; to the contrary, more realistic micro-level damages are found to deeply influence the chances of a transition. Finally, we run a series of policy experiments on carbon (fossil fuel) taxes and green subsidies. We find that the effectiveness of such market-based instruments depends on the different channels climate change affects the economy through, and complementary policies might be required to avoid carbon-intensive lock-ins."
format TEXT
id 19390308124911185809_2a63b57de2f24bec91b76ad8c4c6899b
institution ETUI-European Trade Union Institute
is_hierarchy_id 19390308124911185809_2a63b57de2f24bec91b76ad8c4c6899b
is_hierarchy_title And then he wasnùt a she: climate change and green transitions in an agent-based integrated assessment model
language English
physical 42 p.
Digital
publishDate 2018
publisher Pisa
Scuola Superiore Sant'Anna
spellingShingle Institute of Economics. Scuola Superiore Sant'Anna. Laboratory of Economics and Management.
Lamperti, Francesco
Dosi, Giovanni
Napoletano, Mauro
Roventini, Andrea
Sapio, Alessandro
sustainable development
climate change
taxation
gas emission
economic implication
And then he wasnùt a she: climate change and green transitions in an agent-based integrated assessment model
thumbnail https://www.labourline.org/Image_prev.jpg?Archive=133859195103
title And then he wasnùt a she: climate change and green transitions in an agent-based integrated assessment model
topic sustainable development
climate change
taxation
gas emission
economic implication
url https://www.labourline.org/KENTIKA-19390308124911185809-and-then-he-wasnut-a-she-clima.htm