TY - THES A1 - Burdack, Doreen T1 - Water management policies and their impact on irrigated crop production in the Murray-Darling Basin, Australia T1 - Wasserregulierungsstrategien und deren Auswirkungen auf bewässerte Feldfrüchteproduktion im Murray-Darling Flusseinzugsgebiet, Australien N2 - 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. N2 - Die ökonomische Folgenanalyse in diesem Buch zeigt, dass insbesondere Landwirte, die stark auf Bewässerung angewiesen sind, von Wasserregulierungsstrategien im Australischen Murray-Darling Becken betroffen sind. Dieses Gebiet ist eines der größten Flussbecken weltweit und zugleich Australiens fruchtbarste Region. Durch den Vergleich von verschiedenen Preisstrategien und anderen Ansätzen konnte mit Hilfe des Water Integrated Market Models herausgefunden werden, dass die Auswirkungen auf hochgradig wasserabhängige Feldfrüchte mit geringeren Wasserproduktivitäten am stärksten sind. Die Kombination von häufigeren und intensiveren Trockenzeiten und einer Regulierungspolitik mit dem Ziel, die Nachfrage nach Wasser zu verringern, führt dazu, dass in ein und derselben Region hochgradig wasserabhängige Feldfrüchte wie Reis und Baumwolle mit geringeren Wasserproduktivitäten nicht mehr angebaut werden können. T3 - Potsdam Economic Studies - 4 KW - Wasserregulierung KW - Wasserpolitik KW - Bewässerung KW - landwirtschaftliche Produktion KW - Australien KW - water management KW - water policy KW - irrigation KW - agricultural production KW - Australia Y1 - 2014 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus-72245 SN - 978-3-86956-306-0 PB - Universitätsverlag Potsdam CY - Potsdam ER - TY - RPRT A1 - Gohl, Niklas A1 - Schrauth, Philipp T1 - Ticket to Paradise? BT - The Effect of a Public Transport Subsidy on Air Quality T2 - CEPA Discussion Papers N2 - 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. T3 - CEPA Discussion Papers - 50 KW - air pollution KW - public transport KW - transport subsidies Y1 - 2022 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-558466 SN - 2628-653X IS - 50 ER - TY - RPRT A1 - Kalkuhl, Matthias A1 - Franks, Max A1 - Gruner, Friedemann A1 - Lessmann, Kai A1 - Edenhofer, Ottmar T1 - Pigou’s Advice and Sisyphus’ Warning BT - Carbon Pricing with Non-Permanent Carbon-Dioxide Removal T2 - CEPA Discussion Papers N2 - 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. T3 - CEPA Discussion Papers - 62 KW - Carbon Dioxide Removal KW - Carbon Capture KW - Social Cost of Carbon KW - Climate Policy KW - Impermanence Y1 - 2023 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-575882 SN - 2628-653X IS - 62 ER - TY - RPRT A1 - Eydam, Ulrich T1 - The Distributional Implications of Climate Policies Under Uncertainty T2 - CEPA Discussion Papers N2 - 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. T3 - CEPA Discussion Papers - 33 KW - Macroeconomic Dynamics KW - Environmental Policy KW - Inequality KW - Policy Design Y1 - 2021 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-508950 SN - 2628-653X IS - 33 ER - TY - RPRT A1 - Eydam, Ulrich A1 - Diluiso, Francesca T1 - How to Redistribute the Revenues from Climate Policy? BT - A Dynamic Perspective with Financially Constrained Households T2 - CEPA Discussion Papers N2 - 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. T3 - CEPA Discussion Papers - 45 KW - double dividend KW - E-DSGE KW - environmental tax reform KW - non-Ricardian households KW - revenue recycling Y1 - 2022 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-548960 SN - 2628-653X IS - 45 ER - TY - RPRT A1 - Lessmann, Kai A1 - Gruner, Friedemann A1 - Kalkuhl, Matthias A1 - Edenhofer, Ottmar T1 - Emissions Trading with Clean-up Certificates BT - Deterring Mitigation or Increasing Ambition? T2 - CEPA Discussion Papers N2 - 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. T3 - CEPA Discussion Papers - 79 KW - carbon removal KW - carbon pricing KW - net-negative emissions KW - carbon debt Y1 - 2024 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-641368 SN - 2628-653X IS - 79 ER -