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DOI10.1016/j.gloenvcha.2016.12.004
Addressing policy credibility problems for low-carbon investment
Nemet G.F.; Jakob M.; Steckel J.C.; Edenhofer O.
发表日期2017
ISSN0959-3780
卷号42
英文摘要A combination of characteristics of the climate change problem make the credibility of future commitments crucial for climate policy: the long lifetimes of carbon dioxide in the atmosphere and of energy infrastructure requires a long term perspective; the inherently global aspects of the atmosphere as a public good requires international coordination; decarbonizing the global economy depends on the incentives for investment in innovation; and persistent uncertainty— both about the problem and potential solutions—necessitate adapting to new information. Even in a first best world, climate policy design needs to navigate a tradeoff between making commitments that are sufficiently credible to stimulate transformation and retaining flexibility to adjust. The goal of this paper is to use the experience in other policy areas to assemble a broad set of possible remedies for addressing credibility problems and then characterize the advantages and disadvantages of each. We first review the theory and practice of addressing credibility problems in monetary, fiscal, and trade policy. From this we derive a taxonomy of four policy design categories. As a preliminary example, we then apply this framework to assess the credibility of climate targets made by selected developing countries as part of the United Nations Framework Convention on Climate Change process. Finally, we evaluate the items in the taxonomy as policy alternatives in terms of their effects on incentives for investment in low-carbon technology. © 2016 Elsevier Ltd
英文关键词Climate policy; Commitment; Credibility; Flexibility; INDCs
学科领域carbon dioxide; climate change; design; environmental policy; global economy; international agreement; investment incentive; trade policy; uncertainty analysis; United Nations Framework Convention on Climate Change
语种英语
scopus关键词carbon dioxide; climate change; design; environmental policy; global economy; international agreement; investment incentive; trade policy; uncertainty analysis; United Nations Framework Convention on Climate Change
来源期刊Global Environmental Change (IF:10.427[JCR-2018],11.223[5-Year])
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/117289
作者单位Mercator Research Institute on Global Commons and Climate Change, Torgauer Straße 12-15, Berlin, 10829, Germany; University of Wisconsin-Madison, La Follette School of Public Affairs, 1225 Observatory Drive, Madison, WI 53706, United States; Technische Universität Berlin, Straße des 17. Juni 152, Berlin, 10623, Germany; Potsdam Institute for Climate Change Impact Research, Telegrafenberg 31, Potsdam, 14473, Germany
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Nemet G.F.,Jakob M.,Steckel J.C.,et al. Addressing policy credibility problems for low-carbon investment[J],2017,42.
APA Nemet G.F.,Jakob M.,Steckel J.C.,&Edenhofer O..(2017).Addressing policy credibility problems for low-carbon investment.Global Environmental Change,42.
MLA Nemet G.F.,et al."Addressing policy credibility problems for low-carbon investment".Global Environmental Change 42(2017).
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