Resource and Energy Economics最新文献_第7页

An environmental Decameron: Introducing the special issue on ‘Carbon pricing, energy efficiency and renewable policies for a decarbonised future’ 环保十日谈：推出“碳定价、能源效率和可再生能源政策，实现脱碳未来”特刊

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-06-01 DOI: 10.1016/j.reseneeco.2023.101372

Simone Borghesi, Corrado Di Maria

引用次数: 0

International production chains and the pollution offshoring hypothesis: An empirical investigation 国际生产链与污染离岸假说的实证研究

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-06-01 DOI: 10.1016/j.reseneeco.2023.101357

Aurélien Saussay , Natalia Zugravu-Soilita

{"title":"International production chains and the pollution offshoring hypothesis: An empirical investigation","authors":"Aurélien Saussay , Natalia Zugravu-Soilita","doi":"10.1016/j.reseneeco.2023.101357","DOIUrl":"10.1016/j.reseneeco.2023.101357","url":null,"abstract":"<div><p>Most analyses of the impact of heterogeneous environmental policy stringency on the location of industrial firms have considered the relocation of entire activities – the well-known <em>pollution haven hypothesis</em>. Yet international enterprises may decide to only offshore a subset of their production chain – the so-called <em>pollution offshoring hypothesis</em> (POH). We introduce a simple empirical approach to test the POH combining a comprehensive industrial mergers and acquisitions dataset, a measure of sectoral linkages based on input-output tables and an index score of environmental policy stringency. Our results confirm the impact of relative environmental policy stringency on firms’ decisions to engage in cross-country M&As. Our findings also indicate that environmental taxation have a stronger impact on international investment decisions than standards-based policies. Further, we find that transactions involving a target firm operating in a sector upstream of the acquirer are more sensitive to environmental policy stringency, especially when that sector is highly pollution-intensive. This empirical evidence is consistent with the pollution offshoring hypothesis.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"73 ","pages":"Article 101357"},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46504997","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: 2

An Environmental Decameron: Introducing the Special Issue on `Carbon Pricing, Energy Efficiency and Renewable Policies for a Decarbonized Future' 环境十日谈:介绍“面向脱碳未来的碳定价、能源效率和可再生能源政策”特刊

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-05-01 DOI: 10.1016/j.reseneeco.2023.101372

S. Borghesi, Corrado Di Maria

引用次数: 0

Hotelling and recycling 热处理和回收

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-04-01 DOI: 10.1016/j.reseneeco.2023.101358

Bocar Samba Ba , Raphael Soubeyran

{"title":"Hotelling and recycling","authors":"Bocar Samba Ba , Raphael Soubeyran","doi":"10.1016/j.reseneeco.2023.101358","DOIUrl":"10.1016/j.reseneeco.2023.101358","url":null,"abstract":"<div><p>We study the exploitation of recyclable exhaustible resources such as metals that are crucial for the energy transition or phosphorus that is crucial for agricultural production. We use a standard Hotelling model of resource exploitation that includes a primary sector and a recycling sector. We study two polar cases: competitive and monopolistic extraction. We show that, when the primary sector is competitive, the Hotelling’s rule holds and the price of the recyclable resource increases over time. We then show a new reason why the price of an exhaustible resource may decrease: when the primary sector is monopolistic, the primary producer has incentives to delay its production activities in order to delay recycling. As a consequence, the price path of the recyclable resource may be U-shaped. Numerical simulations reveal that the monopolist has an incentive to delay extraction when the recoverability rate is high (because more recycled goods are produced) or when the recoverability rate is low (when fewer recycled goods are expected to be produced in the future). As a consequence, the date of exhaustion of the virgin resource is further away in time for high and low levels of recoverability than for intermediate levels.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"72 ","pages":"Article 101358"},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44963881","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

Introduction to the SETI special issue SETI特刊简介

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-04-01 DOI: 10.1016/j.reseneeco.2023.101361

Stefan Ambec , Céline Nauges , Subhrendu K. Pattanayak

引用次数: 0

Energy transition under mineral constraints and recycling: A low-carbon supply peak 矿产约束与循环利用下的能源转型:低碳供应峰值

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-04-01 DOI: 10.1016/j.reseneeco.2023.101356

Simon Chazel , Sophie Bernard , Hassan Benchekroun

{"title":"Energy transition under mineral constraints and recycling: A low-carbon supply peak","authors":"Simon Chazel , Sophie Bernard , Hassan Benchekroun","doi":"10.1016/j.reseneeco.2023.101356","DOIUrl":"10.1016/j.reseneeco.2023.101356","url":null,"abstract":"<div><p>What are the implications of primary mineral constraints for the energy transition? Low-carbon energy production uses <em>green capital</em>, which requires primary minerals. We build on the seminal framework for the transition from a dirty to a clean energy in Golosov <em>et al</em>. (2014) to incorporate the role played by primary minerals and their potential recycling. We characterize the optimal paths of the energy transition under various mineral constraint scenarios. Mineral constraints limit the development of green energy in the long run: Low-carbon energy production eventually reaches a plateau. We run our simulations using copper as the limiting mineral and we allow for its full recycling. Even in the limiting case of a 100% recycling rate, after five to six decades green energy production is 50% lower than in the scenario with unlimited primary copper, and after 30 decades, GDP is 3–8% lower. In extension scenarios, we confirm that a longer life duration of green capital delays copper extraction and the green energy peak, whereas reduced recycling caps moves the peak in green energy production forward.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"72 ","pages":"Article 101356"},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44108954","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: 1

The effect of China's driving restrictions on air pollution: The role of a policy announcement without a stated expiration 中国限制驾驶对空气污染的影响：无期限政策公告的作用

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-04-01 DOI: 10.1016/j.reseneeco.2023.101360

Wenbo Li

{"title":"The effect of China's driving restrictions on air pollution: The role of a policy announcement without a stated expiration","authors":"Wenbo Li","doi":"10.1016/j.reseneeco.2023.101360","DOIUrl":"10.1016/j.reseneeco.2023.101360","url":null,"abstract":"<div><p>Driving restrictions keep cars off the street largely on the basis of the last digit of the license plate number. This paper evaluates how different driving restriction policies affected the air quality of the 17 cities in Henan, one of China’s most populous provinces, from 2017 to 2019. I offer a novel way to categorize driving restrictions by making a distinction between cities that announced driving restrictions without a stated expiration and other cities that announced driving restrictions with a stated expiration. I provide some suggestive evidence on the exogeneity of timing, and using two-way fixed effects, I find significant heterogeneity in policy effectiveness. The policy reduced particulate matter concentration in cities that announced driving restrictions without a stated expiration, but had no effect in cities that announced driving restrictions with a stated expiration. To explain this difference, I build a model, which implies that driving restrictions announced without a stated expiration can induce people to pay a high fixed cost in exchange for a low transit time and not to choose non-compliance, two behavioral changes with the potential to further reduce air pollution. Thus, managing the duration of a policy and people’s expectations of its duration can matter crucially for the policy’s effectiveness.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"72 ","pages":"Article 101360"},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48232027","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

Dust storms and human well-being 沙尘暴与人类福祉

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-04-01 DOI: 10.1016/j.reseneeco.2023.101362

Benjamin A. Jones

引用次数: 1

Is high-speed rail heading towards a low-carbon industry? Evidence from a quasi-natural experiment in China 高铁正在走向低碳产业吗？来自中国一个准自然实验的证据

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-04-01 DOI: 10.1016/j.reseneeco.2023.101355

Liang Nie , ZhongXiang Zhang

{"title":"Is high-speed rail heading towards a low-carbon industry? Evidence from a quasi-natural experiment in China","authors":"Liang Nie , ZhongXiang Zhang","doi":"10.1016/j.reseneeco.2023.101355","DOIUrl":"10.1016/j.reseneeco.2023.101355","url":null,"abstract":"<div><p>Existing studies have investigated the environmental dividends of substituting high-speed rail (HSR) for other energy-intensive vehicles from an engineering standpoint, but they have yet to explore the economic effects of HSR and the associated carbon emissions reduction benefits. To fill the research gap, we use panel data from 285 Chinese cities between 2004 and 2014, and employ a spatial difference-in-differences model to empirically examine the impact of HSR opening on industrial CO<sub>2</sub> emissions. After controlling for spillover effects from neighboring HSR cities, our results show that cities offering HSR services significantly reduce their own industrial CO<sub>2</sub> emissions. This finding is robust and is unaffected by outliers, control group selection, time trends, geography and expectation factors, or endogeneity. The mechanism test reveals that the structural transformation effect, technological innovation effect, and investment attractiveness effect are three intermediate influence channels. Further research finds that the emissions reduction benefit increases as the spatial and temporal intensities of HSR openings ascend the ladder, and HSR services have a spillover effect within a 300-kilometer radius. Moreover, the carbon benefit of China’s HSR far surpasses its carbon footprint, indicating that China’s HSR is green after accounting for economic emissions reductions that were often neglected in prior research. Based on these findings, we recommend that China accelerate HSR expansion in order to reduce carbon emissions in a scientific and responsible manner.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"72 ","pages":"Article 101355"},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44665443","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: 4

Coordination of sectoral climate policies and life cycle emissions 协调部门气候政策和生命周期排放

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2023-04-01 DOI: 10.1016/j.reseneeco.2023.101359

Quentin Hoarau , Guy Meunier

{"title":"Coordination of sectoral climate policies and life cycle emissions","authors":"Quentin Hoarau , Guy Meunier","doi":"10.1016/j.reseneeco.2023.101359","DOIUrl":"10.1016/j.reseneeco.2023.101359","url":null,"abstract":"<div><p>Drastically reducing greenhouse gas emissions involves numerous specific actions in each sector of the economy. The costs and abatement potential of these measures are interdependent because of sectoral linkages. For instance, the carbon footprint of electric vehicles depends on the electricity mix. This issue has received large attention in the literature on Life Cycle Assessments (LCA). This paper analyzes how life cycle considerations should be integrated into policy design. We model a partial equilibrium with two vertically connected sectors, an upstream (e.g. electricity) and a downstream (e.g. transportation) one. In each sector, a dirty and a clean technology are available. The clean downstream technology consumes the upstream good and may thus shift emissions to the upstream sector. Our main contribution is to detail how optimal subsidies on clean technologies should incorporate life cycle emissions when carbon pricing is limited. The optimal downstream subsidy should be corrected for all external costs generated in the upstream sector, not only unpriced pollution but also the fiscal externality due to the subsidy to the clean upstream technology. We also analyze the joint optimization of upstream and downstream policies. The upstream subsidy should not incorporate features of the downstream sector, whereas the downstream optimal subsidy depends upon the upstream sector characteristics. All results are illustrated using a calibrated example of the electrification of passenger cars.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":"72 ","pages":"Article 101359"},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43919565","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