Journal of Environmental Economics and Management最新文献_第2页

Information, incentives, and environmental governance: Evidence from China’s ambient air quality standards 信息、激励和环境治理：中国环境空气质量标准的证据

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-10-04 DOI: 10.1016/j.jeem.2024.103066

Pei Li , Yi Lu , Lu Peng , Jin Wang

引用次数: 0

Too hot to sleep 热得睡不着

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-28 DOI: 10.1016/j.jeem.2024.103063

Patrick Bigler , Benedikt Janzen

引用次数: 0

Focusing the view: Improved methods for assessing viewshed impacts of onshore wind turbines 聚焦视野：陆上风力涡轮机对景观影响的改进评估方法

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-27 DOI: 10.1016/j.jeem.2024.103068

Luran Dong , Corey Lang , Jason Parent

{"title":"Focusing the view: Improved methods for assessing viewshed impacts of onshore wind turbines","authors":"Luran Dong , Corey Lang , Jason Parent","doi":"10.1016/j.jeem.2024.103068","DOIUrl":"10.1016/j.jeem.2024.103068","url":null,"abstract":"<div><div>Onshore wind turbine capacity continues to grow and will only accelerate, though siting can be challenging given community opposition. We apply the hedonic valuation method with residential property sales data to assess nearby residents’ willingness to pay to avoid having views of turbines from their property. In doing so, we aim to improve methods of assessing viewshed impacts for turbines and other amenities and disamenities that have a visual component. Our recommended viewshed approach uses a Digital Surface Model (DSM), which accounts for trees and buildings that obstruct views. For comparison, we also create viewsheds based on bare-earth Digital Elevation Model (DEM), which has been more typically used other studies. Using data from New England, USA, we use a difference-in-differences identification strategy with treatment defined by the visibility of a wind turbine, while also controlling for proximity-based treatment effects. The results suggest that property values decline by 2.2%–2.5% when a wind turbine is visible, with larger impacts in urban and coastal areas. DEM methods misclassify viewshed for about 75% of properties, when compared to the DSM-based viewshed, and the resulting DEM-based valuation estimates are attenuated.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103068"},"PeriodicalIF":5.5,"publicationDate":"2024-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142419329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Equity weighting increases valuations when using real-world data 使用真实世界数据时，股票加权可提高估值

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-26 DOI: 10.1016/j.jeem.2024.103067

Austin Burlile, Peter Maniloff

引用次数: 0

The cost-efficiency carbon pricing puzzle 碳定价的成本效益之谜

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-21 DOI: 10.1016/j.jeem.2024.103062

Christian Gollier

{"title":"The cost-efficiency carbon pricing puzzle","authors":"Christian Gollier","doi":"10.1016/j.jeem.2024.103062","DOIUrl":"10.1016/j.jeem.2024.103062","url":null,"abstract":"<div><div>Any global temperature target must be translated into an intertemporal carbon budget and its associated cost-efficient carbon price schedule. Under the Hotelling’s rule without uncertainty, the growth rate of this price should be equal to the interest rate. It is therefore a puzzle that many cost-efficiency IAM models yield carbon prices that increase at an average real growth rate above 7% per year, a very large return for traders of carbon assets. I explore whether uncertainties surrounding the development of green technologies could solve this puzzle. I show that future marginal abatement costs and aggregate consumption are positively correlated. This justifies doing less for climate change than in the safe case, implying a smaller initial carbon price, and an expected growth rate of carbon price that is larger than the interest rate. In the benchmark calibration of my model, I obtain an equilibrium interest rate around 1% and an expected growth rate of carbon price around 3.5%, yielding an optimal carbon price above 200 USD/tCO<span><math><msub><mrow></mrow><mrow><mn>2</mn></mrow></msub></math></span> within the next few years. I also show that the rigid carbon budget approach to cost-efficiency carbon pricing implies a large uncertainty surrounding the future carbon prices that support this constraint. I show that green investors should be compensated for this risk by a large risk premium embedded in the growth rate of expected carbon prices, rather than by a collar on carbon prices as often recommended.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103062"},"PeriodicalIF":5.5,"publicationDate":"2024-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0095069624001360/pdfft?md5=eaee85a73908226d0c9fbd60902405aa&pid=1-s2.0-S0095069624001360-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142314952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Resource dependence, recycling, and trade 资源依赖、循环利用和贸易

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-20 DOI: 10.1016/j.jeem.2024.103064

Peter H. Egger , Christian Keuschnigg

引用次数: 0

Carbon market design and market sentiment 碳市场设计和市场情绪

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-20 DOI: 10.1016/j.jeem.2024.103057

Grischa Perino

{"title":"Carbon market design and market sentiment","authors":"Grischa Perino","doi":"10.1016/j.jeem.2024.103057","DOIUrl":"10.1016/j.jeem.2024.103057","url":null,"abstract":"<div><div>Concerns about systematic price distortions in the EU Emission Trading System (ETS) have risen in recent years. This paper shows how carbon-market design affects the impact of market sentiment, i.e. systematic deviations of price expectations from fundamentals by at least some market participants, on equilibrium prices. The Market Stability Reserve (MSR) of the EU ETS that adjusts supply based on past allowance banking undermines self-stabilization of the carbon market by discouraging rational intertemporal arbitrage. The MSR increases vulnerability of the EU ETS to market sentiments. Initially, the allowance price responds more to distorted expectations while the MSR (partially) prevents the distortion to spread across periods. Making the MSR more responsive to banking decisions increases the likelihood that distorted expectations turn out to be correct ex post. In contrast, a mechanism that adjust the cap based on the current allowance price does not face a trade off between stabilizing prices in the present and the future.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103057"},"PeriodicalIF":5.5,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0095069624001311/pdfft?md5=638cfae0ea37b21c06d089ce5df7ce2d&pid=1-s2.0-S0095069624001311-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142314953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of extreme temperatures on evictions 极端气温对驱逐的影响

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-20 DOI: 10.1016/j.jeem.2024.103055

Dylan Brewer, Sarah Goldgar

引用次数: 0

The more the better? Synergies of prosocial interventions and effects on behavioural spillovers 越多越好？亲社会干预措施的协同作用和对行为溢出效应的影响

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-19 DOI: 10.1016/j.jeem.2024.103061

Marius Alt , Hendrik Bruns , Nives Della Valle

{"title":"The more the better? Synergies of prosocial interventions and effects on behavioural spillovers","authors":"Marius Alt , Hendrik Bruns , Nives Della Valle","doi":"10.1016/j.jeem.2024.103061","DOIUrl":"10.1016/j.jeem.2024.103061","url":null,"abstract":"<div><div>Incentivising prosocial and pro-environmental behaviours is a sensitive endeavour. While behavioural change is urgently needed to mitigate the consequences of climate change, monetary interventions often have negative side effects. Such interventions are prone to motivation crowding, which can impede lasting positive behavioural change and stimulate negative temporal spillovers to other prosocial behaviours. In this study, we investigate whether implementing monetary interventions as part of policy mixes can mitigate these negative side effects. In an online experiment involving 3782 participants, we test whether the use of nudges that make personal and social norms salient can counteract the motivation-crowding effect and explore the effects of such policy mixes on temporal spillovers. We find that policy mixes of norm-based nudges and monetary incentives are more effective at stimulating engagement in targeted prosocial behaviour than no intervention when controlling for sample characteristics. Analysing the temporal spillover effects of these interventions reveals that policy mixes can alleviate the tendency of monetary incentives to negatively affect subsequent prosocial behaviour. This indicates that norm-based nudges are suitable complements to monetary interventions, facilitating long-lasting positive effects.</div></div>","PeriodicalId":15763,"journal":{"name":"Journal of Environmental Economics and Management","volume":"128 ","pages":"Article 103061"},"PeriodicalIF":5.5,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142322546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do time-of-use prices deliver energy savings at the right time? 分时价格是否能在正确的时间节约能源？

IF 5.5 3区经济学

Journal of Environmental Economics and Management Pub Date : 2024-09-17 DOI: 10.1016/j.jeem.2024.103054

Zheng Fu , Kevin Novan , Aaron Smith

引用次数: 0