@phdthesis{Burdack2014,
  author    = {Burdack, Doreen},
  title     = {Water management policies and their impact on irrigated crop production in the Murray-Darling Basin, Australia},
  publisher = {Universit{\"a}tsverlag Potsdam},
  address   = {Potsdam},
  isbn      = {978-3-86956-306-0},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus-72245},
  school      = {Universit{\"a}t Potsdam},
  pages     = {307},
  year      = {2014},
  abstract  = {The economic impact analysis contained in this book shows how irrigation farming is particularly susceptible when applying certain water management policies in the Australian Murray-Darling Basin, one of the world largest river basins and Australia's most fertile region. By comparing different pricing and non-pricing water management policies with the help of the Water Integrated Market Model, it is found that the impact of water demand reducing policies is most severe on crops that need to be intensively irrigated and are at the same time less water productive. A combination of increasingly frequent and severe droughts and the application of policies that decrease agricultural water demand, in the same region, will create a situation in which the highly water dependent crops rice and cotton cannot be cultivated at all.},
  language  = {en}
}
@techreport{GohlSchrauth2022,
  type      = {Working Paper},
  author    = {Gohl, Niklas and Schrauth, Philipp},
  title     = {Ticket to Paradise?},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {50},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-55846},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-558466},
  pages     = {20},
  year      = {2022},
  abstract  = {This paper provides novel evidence on the impact of public transport subsidies on air pollution. We obtain causal estimates by leveraging a unique policy intervention in Germany that temporarily reduced nationwide prices for regional public transport to a monthly flat rate price of 9 Euros. Us-ing DiD estimation strategies on air pollutant data, we show that this intervention causally reduced a benchmark air pollution index by more than six percent. Our results illustrate that public transport subsidies - especially in the context of spatially constrained cities - offer a viable alterna-tive for policymakers and city planers to improve air quality, which has been shown to crucially affect health outcomes.},
  language  = {en}
}
@techreport{KalkuhlFranksGruneretal.2023,
  type      = {Working Paper},
  author    = {Kalkuhl, Matthias and Franks, Max and Gruner, Friedemann and Lessmann, Kai and Edenhofer, Ottmar},
  title     = {Pigou's Advice and Sisyphus' Warning},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {62},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-57588},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-575882},
  pages     = {66},
  year      = {2023},
  abstract  = {Carbon dioxide removal from the atmosphere is becoming an important option to achieve net zero climate targets. This paper develops a welfare and public economics perspective on optimal policies for carbon removal and storage in non-permanent sinks like forests, soil, oceans, wood products or chemical products. We derive a new metric for the valuation of non-permanent carbon storage, the social cost of carbon removal (SCC-R), which embeds also the conventional social cost of carbon emissions. We show that the contribution of CDR is to create new carbon sinks that should be used to reduce transition costs, even if the stored carbon is released to the atmosphere eventually. Importantly, CDR does not raise the ambition of optimal temperature levels unless initial atmospheric carbon stocks are excessively high. For high initial atmospheric carbon stocks, CDR allows to reduce the optimal temperature below initial levels. Finally, we characterize three different policy regimes that ensure an optimal deployment of carbon removal: downstream carbon pricing, upstream carbon pricing, and carbon storage pricing. The policy regimes differ in their informational and institutional requirements regarding monitoring, liability and financing.},
  language  = {en}
}
@techreport{Eydam2021,
  type      = {Working Paper},
  author    = {Eydam, Ulrich},
  title     = {The Distributional Implications of Climate Policies Under Uncertainty},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {33},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-50895},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-508950},
  pages     = {53},
  year      = {2021},
  abstract  = {Promoting the decarbonization of economic activity through climate policies raises many questions. From a macroeconomic perspective, it is important to understand how these policies perform under uncertainty, how they affect short-run dynamics and to what extent they have distributional effects. In addition, uncertainties directly associated with climate policies, such as uncertainty about the carbon budget or emission intensities, become relevant aspects. We study the implications of emission reduction schemes within a Two-Agent New-Keynesian (TANK) model. This quantitative exercise, based on data for the German economy, provides various insights. In the light of frictions and fluctuations, compared to other instruments, a carbon price (i.e. tax) is associated with lower volatility in output and consumption. In terms of aggregate welfare, price instruments are found to be preferable. Conditional on the distribution of revenues from climate policies, quantity instruments can exert regressive effects, posing a larger economic loss on wealth-poor households, whereas price instruments are moderately progressive. Finally, we find that unexpected changes in climate policies can induce substantial aggregate adjustments. With uncertainty about the carbon budget, the costs of adjustment are larger under quantity instruments.},
  language  = {en}
}
@techreport{EydamDiluiso2022,
  type      = {Working Paper},
  author    = {Eydam, Ulrich and Diluiso, Francesca},
  title     = {How to Redistribute the Revenues from Climate Policy?},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {45},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-54896},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-548960},
  pages     = {32},
  year      = {2022},
  abstract  = {In light of climate change mitigation efforts, revenues from climate policies are growing, with no consensus yet on how they should be used. Potential efficiency gains from reducing distortionary taxes and the distributional implications of different revenue recycling schemes are currently debated. To account for households heterogeneity and dynamic trade-offs, we study the macroeconomic and welfare performance of different revenue recycling schemes using an Environmental Two-Agent New-Keynesian model, calibrated on the German economy. We find that, in the long run, welfare gains are higher when revenues are used to reduce distortionary taxes on capital, but this comes at the cost of higher inequality: while all households prefer labor income tax reductions to lump-sum transfers, only financially unconstrained households are better off when reducing taxes on capital income. Interestingly, we find that over the transition period relevant to meet short-medium run climate targets, labor income tax cuts are the most efficient and equitable instrument.},
  language  = {en}
}
@techreport{LessmannGrunerKalkuhletal.2024,
  type      = {Working Paper},
  author    = {Lessmann, Kai and Gruner, Friedemann and Kalkuhl, Matthias and Edenhofer, Ottmar},
  title     = {Emissions Trading with Clean-up Certificates},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {79},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-64136},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-641368},
  pages     = {35},
  year      = {2024},
  abstract  = {We analyze how conventional emissions trading schemes (ETS) can be modified by introducing "clean-up certificates" to allow for a phase of net-negative emissions. Clean-up certificates bundle the permission to emit CO2 with the obligation for its removal. We show that demand for such certificates is determined by cost-saving technological progress, the discount rate and the length of the compliance period. Introducing extra clean-up certificates into an existing ETS reduces near-term carbon prices and mitigation efforts. In contrast, substituting ETS allowances with clean-up certificates reduces cumulative emissions without depressing carbon prices or mitigation in the near term. We calibrate our model to the EU ETS and identify reforms where simultaneously (i) ambition levels rise, (ii) climate damages fall, (iii) revenues from carbon prices rise and (iv) carbon prices and aggregate mitigation cost fall. For reducing climate damages, roughly half of the issued clean-up certificates should replace conventional ETS allowances. In the context of the EU ETS, a European Carbon Central Bank could manage the implementation of cleanup certificates and could serve as an enforcement mechanism.},
  language  = {en}
}