@misc{SchuetzeFuerstMielkeetal.2017,
  author    = {Sch{\"u}tze, Franziska and F{\"u}rst, Steffen and Mielke, Jahel and Steudle, Gesine A. and Wolf, Sarah and J{\"a}ger, Carlo C.},
  title     = {The Role of Sustainable Investment in Climate Policy},
  series = {Postprints der Universit{\"a}t Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe},
  journal   = {Postprints der Universit{\"a}t Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe},
  number    = {137},
  issn      = {1867-5808},
  doi       = {10.25932/publishup-47048},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-470485},
  pages     = {21},
  year      = {2017},
  abstract  = {Reaching the Sustainable Development Goals requires a fundamental socio-economic transformation accompanied by substantial investment in low-carbon infrastructure. Such a sustainability transition represents a non-marginal change, driven by behavioral factors and systemic interactions. However, typical economic models used to assess a sustainability transition focus on marginal changes around a local optimum, whichby constructionlead to negative effects. Thus, these models do not allow evaluating a sustainability transition that might have substantial positive effects. This paper examines which mechanisms need to be included in a standard computable general equilibrium model to overcome these limitations and to give a more comprehensive view of the effects of climate change mitigation. Simulation results show that, given an ambitious greenhouse gas emission constraint and a price of carbon, positive economic effects are possible if (1) technical progress results (partly) endogenously from the model and (2) a policy intervention triggering an increase of investment is introduced. Additionally, if (3) the investment behavior of firms is influenced by their sales expectations, the effects are amplified. The results provide suggestions for policy-makers, because the outcome indicates that investment-oriented climate policies can lead to more desirable outcomes in economic, social and environmental terms.},
  language  = {en}
}
@misc{WolfSchuetzeJaeger2016,
  author    = {Wolf, Sarah and Sch{\"u}tze, Franziska and Jaeger, Carlo},
  title     = {Balance or synergies between environment and economy},
  series = {Postprints der Universit{\"a}t Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe},
  journal   = {Postprints der Universit{\"a}t Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe},
  number    = {126},
  issn      = {1867-5808},
  doi       = {10.25932/publishup-43699},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-436998},
  pages     = {13},
  year      = {2016},
  abstract  = {The UN sustainable development goals contain environmental, economic, and social objectives. They may only be reached, or at least it would be easier to reach them, if instead of a trade-off between these objectives that implies a need for balancing them, there are synergies to be reaped. This paper discusses how the structures of economic models typically used in policy analysis influence whether win-win strategies for the environment and the economy can be conceptualised and analysed. With a focus on climate policy modelling, the paper points out how, by construction, commonly used model structures find mitigation costs rather than benefits. This paper describes mechanisms that, when added to these model structures, can bring win- win options into a model's solution horizon, and which provide a spectrum of alternative modelling approaches that allow for the identification of such options.},
  language  = {en}
}