Okullo, Samuel J
[Verfasser:in]
;
Reynes, Frederic
[Sonstige Person, Familie und Körperschaft];
Hofkes, Marjan W.
[Sonstige Person, Familie und Körperschaft]
Erschienen in:CentER Discussion Paper Series ; No. 2016-024
Umfang:
1 Online-Ressource (59 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.2799227
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 11, 2019 erstellt
Beschreibung:
Well-intended preannounced carbon mitigation policies can lead to adverse impacts such as the green paradox. This paper examines conditions impacting the prevalence of this phenomenon, when suppliers of carbon-free energy, similarly to carbon suppliers, can anticipate the implementation of preannounced carbon regulation. Ignoring the response of carbon-free suppliers to preannounced climate policies overestimates the green paradox. For EU-2020 and US-2022 calibrated biofuel mandating targets, simulations point to a robust 0.4-0.6 percent decline in premandate global crude oil supply, suggesting that concerns over the green paradox may have been overstated. Mandate design to mitigate the green paradox is also discussed