Environmental policies vary across space, and a growing body of empirical research compares land prices across administrative boundaries to estimate the causal effects of local policies. However, this approach can be confounded if the market anticipates the boundaries may change and land prices respond accordingly. We propose a way to separately identify the effect of local...
Using hedonic and spatial regressions, this paper estimates a significantly larger association between proximity to bicycle networks and property prices than previously reported. As cities face increasing challenges of congestion and pollution, many are implementing policies to integrate bicycle facilities and other active modes of transport. However, policymakers are slow to...
Transdisciplinary projects can uncover crucial insights on people’s past and future risk-mitigation behavior. We focus on a novel risk context: increasing health threats from ticks on Staten Island, a New York City borough where the combination of high population density and extensive park systems and green spaces has resulted in a rise in locally-acquired tick-transmitted...
We evaluate German purchase subsidies for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) using data on new vehicle registrations in Germany during 2015-2022. We account for confounding time trends and interacting EU-level $$\text {CO}_{2}$$ standards using neighboring countries as a control group. We find that 40% of BEV and 25% of PHEV...
Innovation by energy firms is critical for facing the energy transition and the challenge of climate change. Innovation is a complex process, and firms increasingly resort to cooperation with other companies and institutions in their innovation activities. In the energy sector, suppliers have always played a very important role in the technological advances of this industry. The...
The energy sector in many developing nations faces the difficulty of insufficient financing throughout the low-carbon transition, highlighting the importance of international green financing in alleviating financial constraints. The advancement of digital technology could facilitate green financing for energy transition in the digital economy, but this statement lacks empirical...
Existing reserve networks become less suitable as species’ ranges shift under climate change and the scarcity and value of habitats change. Reserve sites hence have to be reallocated to reflect these changing values and to remain cost-effective, but restrictions on selling reserve sites limit this adaptation. Under climate change, a novel ‘sale’ policy that provides resale...
In this study, we use a discrete choice experiment to elicit the willingness-to-pay (WTP) for preventing and mitigating the effects of oil spills on marine and coastal ecosystem services, along a particularly vulnerable coastal region of mainland Portugal. We used a split-sample design to analyze the differences between two payment vehicles (PV): a mandatory extra income tax and...
The 2022 energy crisis highlighted the dependence of the Europe electricity sector on imported natural gas and the need to accelerate the adoption of renewables to the power system. However, operating a reliable power system with high share of renewables might require curtailing some renewables and activating conventional generators not scheduled in the day-ahead markets to...
Wildfire events have increased in frequency and severity across the United States in recent decades. While a growing literature has documented the effects of wildfire smoke exposure on a wide range of health and socioeconomic outcomes, little is known about its impact on consumer behavior and household demand for adaptation in healthcare. We combine a newly developed and...
Low cost solar energy is key to enabling the transition away from fossil fuels. Despite this, the European Union followed the United States’ example in imposing anti-dumping tariffs on solar panel imports from China in 2013, arguing that Chinese panels were unfairly subsidised and harmed its domestic industry. This paper examines the effects of Chinese import competition on firm...
In this paper, we study the change of Australian electricity price dynamics that was observed before, during and after the two-year period in which a Carbon Pricing Mechanism was in force. We fit a two-states Markov Switching Model, representing a high- and a low-volatility state of the world. To avoid the interference due to periodic patterns, a deseasonalization process...
Cities increasingly address climate change, e.g. by pledging city-level emission reduction targets. This is puzzling for the provision of a global public good: what are city governments’ reasons for doing so, and do pledges actually translate into emission reductions? Empirical studies have found a set of common factors which relate to these questions, but also mixed evidence...
This paper examines the impact of the Spanish Environmental Investment (EI) tax credit on adoption of green technologies by employing data from 2567 industrial firms for 6 years. It makes use of the sudden re-introduction of the tax incentive in March 2011, that aimed at favouring energy efficient over solely pollution abating technologies. I exploit this unexpected change and...
Climate change and the ongoing energy transition can increase energy poverty rates. To date, the main tool employed to alleviate energy poverty has involved income transfers to vulnerable households. However, measures that seek to improve a home’s energy efficiency have recently gained increasing relevance. In this study we assess the effectiveness of these two types of policy...
We exploit a fuel tax increase in Portugal to identify its effect on cross-border fuel sales and associated carbon leakage in the Spanish border regions. Using a difference-in-difference strategy, we find that while gasoline sales remained unaffected, diesel sales in Spanish border regions increased by 6–9%. Synthetic control methods confirm these estimates and attribute this...
Economic analysis of catastrophic risk is a topic that unfortunately has become more relevant since the 1960s. An important question when a vital resource stock is at risk is whether one should invest more in the stock to create a buffer against a catastrophe or allow the stock to decrease as risk makes its future value decrease. The present paper analyses exogenous catastrophic...
This paper sheds light on the unidentified effects of unilateral environmental and trade actions within an international trade framework with two large open economies, transboundary pollution, and Public Pollution Abatement (PPA) activities. When private and public abatement coexists in the exporting country, stricter environmental policy by the importing one magnifies the carbon...
Using a lab-in-the-field experiment with Ugandan fishers, we study if and how the use of a common pool resource changes when the resource is either scarce or abundant and when the number of users increases over time. Both resource scarcity and a growing group require users to be more constrained, that is, more cooperative, in order to maintain the resource. However, the results...
Standard climate economics considers damages of climate change to utility, total factor productivity, and capital. Highlighting that air pollution and climate change affect human health and labor productivity significantly, we complement this literature by including human health in a theoretical climate economic framework. Our macroeconomic approach incorporates a separate health...
This paper investigates the impact of trade-related illicit financial flows (IFFs) on tropical deforestation. To adjust for pre-exposure differences in deforestation rates between countries exposed to IFFs and their counterfactuals, this study adopts propensity score matching and doubly robust weighted regression estimators. The results suggest substantial increases in forest...
In the debate on international waste trade, the focus on resource efficiency and recycling has gradually begun to accompany the focus on negative environmental externalities. In this context, we examine the impact of extended producer responsibility (EPR) on the export of waste batteries (WB). EPR is considered as a key policy for the “marketization of waste”. WB are a hazardous...