Template-Type: ReDIF-Article 1.0 Author-Name: Ana Espinola-Arredondo Author-WorkPlace-Name: School of Economic Sciences, Washington State University Author-Name: Felix Munoz-Garcia Author-WorkPlace-Name: School of Economic Sciences, Washington State University Title: The Entry-Deterring Effects of Environmental Policy Abstract: This article summarizes results of a study that investigates the signaling role of environmental policy in promoting, or hindering, the ability of a monopolist to practice entry deterrence. We show that environmental policy can facilitate the incumbent firm’s concealment of information from potential entrants, thus deterring entry, and yet entailing welfare improvements. When the regulator is absent, we demonstrate that firms’ entry-deterring practices increase pollution relative to a complete information context. Hence, under certain conditions, environmental regulation becomes more beneficial in incomplete than in complete information settings. Furthermore, our results examine how this welfare benefits vary as firms become more symmetric in their production costs. Classification-JEL: D82, H23, L12, Q5 Keywords: Entry deterrence; Signaling; Emission fees; Welfare benefits. Journal: Review of Environment, Energy and Economics Year: 2013 Month: January File-URL: http://re3.feem.it/getpage.aspx?id=5259 Handle: RePEc:fem:femre3:2013.01-01 Template-Type: ReDIF-Article 1.0 Author-Name: Mirco Tonin Author-WorkPlace-Name: University of Southampton Author-Name: Michael Vlassopoulos, Author-WorkPlace-Name: University of Southampton Title: Do Social Incentives Matter? Evidence from an Online Real Effort Experiment Abstract: Money matters, but is that all? This column presents evidence that social incentives can boost productivity in sectors that rely on pro-social behaviour such as health, education, and social care. It argues that this may help explain the growing popularity of Corporate Social Responsibility programmes within firms. Classification-JEL: D64, J24, J32, L3, M14, M52 Keywords: Private Incentives, Social Incentives, Sorting, Prosocial Behavior, Real Effort Experiment, Corporate Social Responsibility, Gender Journal: Review of Environment, Energy and Economics Year: 2013 Month: January File-URL: http://re3.feem.it/getpage.aspx?id=5269 Handle: RePEc:fem:femre3:2013.01-02 Template-Type: ReDIF-Article 1.0 Author-Name: Andreas Löschel Author-WorkPlace-Name: Centre for European Economic Research (ZEW) Title: Renewables in Germany Abstract: Is the German example able to show the path for the decarbonisation of Europe? Andreas Löschel from ZEW starts from analysing the current German renewables energy market, giving some prospects on its likely future development, to then broaden the picture on Europe's desire for decarbonisation. Journal: Review of Environment, Energy and Economics Year: 2013 Month: January File-URL: http://re3.feem.it/getpage.aspx?id=5279 Handle: RePEc:fem:femre3:2013.01-03 Template-Type: ReDIF-Article 1.0 Author-Name: ZhongXiang Zhang Author-WorkPlace-Name: Fudan University Title: China’s Quest for Energy Security: Why Are the Stakes So High? Abstract: China’s global quest for resources—in particular, oil and natural gas—has received unprecedented worldwide attention and scrutiny. The stakes are raised unnecessarily high mainly because of the growing politicization of Chinese energy security as a result of misconceptions and misunderstandings of China’s quest for energy security both inside and outside China. Inside China, these relate to the perceived US-led oil blockade against China and China’s illusion that its investments in oil fields overseas are able to help strengthen its energy security. Outside China, there are wide misconceptions and misunderstandings of how Chinese policy banks operate and their oil and natural gas-based loans. This paper seeks to clarify each of these points. Classification-JEL: O13, O53, Q34, Q37, Q41, Q43, Q48 Keywords: Energy security, Global quest for resources, US-led oil blockade against China, Loan-for-oil and -gas deals, Equity oil production, Chinese policy banks, Going-out policies, National oil companies Journal: Review of Environment, Energy and Economics Year: 2013 Month: January File-URL: http://re3.feem.it/getpage.aspx?id=5296 Handle: RePEc:fem:femre3:2013.01-04 Template-Type: ReDIF-Article 1.0 Author-Name: Yu-Fu Chen Author-WorkPlace-Name: School of Business, University of Dundee Author-Name: Michael Funke Author-WorkPlace-Name: Department of Economics, Hamburg University and CESifo Author-Name: Nicole Glanemann Author-WorkPlace-Name: International Max Planck Research School on Earth System Modelling (IMPRS-ESM) and Department of Economics, Hamburg University Title: Climate Policy Decisions Under Ambiguity and Pressure of Time Abstract: This article summarises our studies on the optimal timing of climate policy adoption by focusing on ambiguity in the climate damage cost assessments (Chen et al., 2011) and on the limited time to achieve certain climate policy targets (Chen et al., 2012). Using real options theory, both studies conclude that climate policy adoption should be accelerated. However, the implementation of climate policy is evaded by high uncertainty about critical parameters and possible climate pathways. Classification-JEL: C61, D81, Q51, Q54 Keywords: Climate policy, CO2 scenarios, Knightian uncertainty, k-ambiguity, real options, non-perpetual real options Journal: Review of Environment, Energy and Economics Year: 2013 Month: February File-URL: http://re3.feem.it/getpage.aspx?id=5308 Handle: RePEc:fem:femre3:2013.02-01 Template-Type: ReDIF-Article 1.0 Author-Name: Raffaello Cervigni Author-WorkPlace-Name: Lead Environmental Economist, World Bank Title: Climate Agenda in Africa Abstract: We can no longer use the climate of the past as a guide to design the investments of the future" states Raffaello Cervigini, Lead Economist at The World Bank in this interview granted to Re3. Extreme events are becoming increasingly frequent particularly in Sub Saharan Africa, and it is of utmost importance to raise the quality and effectiveness of investments in key sectors such as agriculture, transport and urban development, in order to ensure their resilience to a changing climate. Journal: Review of Environment, Energy and Economics Year: 2013 Month: February File-URL: http://www.feem.it/getpage.aspx?id=5316 Handle: RePEc:fem:femre3:2013.02-02 Template-Type: ReDIF-Article 1.0 Author-Name: Simone Tagliapietra Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Title: Towards a New Eastern Mediterranean Energy Corridor? Abstract: The Eastern Mediterranean region is rapidly changing. The turbolent political transition in Egypt after the Arab Spring, the civil war in Syria, the emergence of Turkey as leading regional power, the tensions between Israel and Gaza and the never-ending dispute between Turkey and the Republic of Cyprus are -all together- reshuffling the regional geopolitical equilibrium. At the same time natural gas findings are flourishing in the offshore of Egypt, Israel, and Cyprus, reshaping the regional energy map and rapidly making the Eastern Mediterranean a world-class natural gas province. These geopolitical and energy pressures are rapidly converging, generating a number of new challenges and opportunities for each player in the region. The aim of this article is to provide a comprehensive overview on these new regional developments and to propose a critical discussion of the market opportunities and geopolitical risks related to the potential emergence of a new Eastern Mediterranean Energy Corridor. Classification-JEL: Q40, Q42, Q48 Keywords: Eastern Mediterranean, Natural Gas, Energy Geopolitics, Turkey, Israel, Egypt, Cyprus, Lebanon, European Union, Security of Gas Supply, Energy security Journal: Review of Environment, Energy and Economics Year: 2013 Month: February File-URL: http://www.feem.it/getpage.aspx?id=5324 Handle: RePEc:fem:femre3:2013.02-03 Template-Type: ReDIF-Article 1.0 Author-Name: Daniele Atzori Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Title: The Relationships between Oil and Autocracy: Beyond the First Law of Petropolitics Abstract: Thomas Friedman’s so-called First Law of Petropolitics (FLP) hypothesizes the existence of a causal relationship between oil prices and “the pace of freedom”. Such a principle has attracted considerable attention, as well as criticism. This paper argues that, in order to firmly establish the existence of relationships between oil prices and autocracy, it is crucial to go beyond axiomatic, as well as ideological, formulations. Instead, the focus should be to locate such a phenomenon within the more articulated and scientifically sound framework provided by Rentier State Theory (RST). Classification-JEL: F6, N5, O1, P1, Q3, Q4 Keywords: Oil, Energy, Political Economy, MENA, Globalization, Arab Spring Journal: Review of Environment, Energy and Economics Year: 2013 Month: February File-URL: http://www.feem.it/getpage.aspx?id=5339 Handle: RePEc:fem:femre3:2013.02-04 Template-Type: ReDIF-Article 1.0 Author-Name: Anil Markandya Author-WorkPlace-Name: Basque Center for Climate Change Title: Environmental Fiscal Reform Abstract: Anil Markandya, Scientific director of the Basque Center for Climate Change, discusses environmental fiscal reform and provides a short overview of his work on some of the main concerns with this reform, such as its effects on competitiveness and feasibility. Journal: Review of Environment, Energy and Economics Year: 2013 Month: March File-URL: http://www.feem.it/getpage.aspx?id=5358 Handle: RePEc:fem:femre3:2013.03-01 Template-Type: ReDIF-Article 1.0 Author-Name: Marzio Galeotti Author-WorkPlace-Name: Università degli Studi di Milano and Centre for Research on Energy and Environmental Economics and Policy IEFE, Università Luigi Bocconi Title: IAERE: Italian Association of Environment and Resource Economists. A New Initiative and its First Annual Conference. Abstract: The first conference of the newly-born Italian Association of Environment and Resource Economists (IAERE) took place in Ferrara last February 8-9, 2013. Professor Marzio Galeotti, Chairman of the Association, describes its main goals and gives a brief overview of the event. Classification-JEL: Q, Q2, Q3, Q5 Keywords: IAERE, Environmental Economics Journal: Review of Environment, Energy and Economics Year: 2013 Month: March File-URL: http://www.feem.it/getpage.aspx?id=5378 Handle: RePEc:fem:femre3:2013.03-02 Template-Type: ReDIF-Article 1.0 Author-Name: Silvia Battaiotto Author-WorkPlace-Name: Aghetera Ambiente & Sviluppo Author-Name: Manfredi Vale Author-WorkPlace-Name: Aghetera Ambiente & Sviluppo Title: Toward Economic Activities Benchmarking: A Study of the Bolzano Province Abstract: The study analyses the Bolzano Province economic system, with the aim of understanding its relationships with the ecosphere. An Input–Output model, combined with the Life Cycle Assessment, has been applied to assess the potential impacts related to air emissions, energy consumption and waste generation by economic activities. The results showed that most of the impacts are due to the production and disposal of waste. Specifically, the major impacts are attributable to the tertiary sector (domestic demand) and secondary sector (for the production of goods that have to be exported). Classification-JEL: Q56 Keywords: Environment and Development, Environment and Trade, Sustainability, Environmental Accounts and Accounting, Funding Sources, Bolzano Province/ERDF and Merano Municipality, Italy Journal: Review of Environment, Energy and Economics Year: 2013 Month: March File-URL: http://www.feem.it/getpage.aspx?id=5387 Handle: RePEc:fem:femre3:2013.03-03 Template-Type: ReDIF-Article 1.0 Author-Name: Manfred Hafner Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Author-Name: Simone Tagliapietra Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Title: The Rise of East Africa in the New Global Energy Landscape Abstract: The geographical distribution of African natural gas resources is going through a period of profound change as new gas discoveries in East Africa emerge to reshape the continent's energy landscape. This region is rapidly establishing itself as a world-class natural gas province and two countries have already emerged as key-players of this new African natural gas renaissance: Mozambique and Tanzania. Classification-JEL: Q4, Q48 Keywords: Gas, Africa Journal: Review of Environment, Energy and Economics Year: 2013 Month: March File-URL: http://www.feem.it/getpage.aspx?id=5405 Handle: RePEc:fem:femre3:2013.03-04 Template-Type: ReDIF-Article 1.0 Author-Name: Hu Bin Author-WorkPlace-Name: China Development Bank Title: International Green Growth Forum - the Role of Financial Institutions in Promoting a Green Economy: China Development Bank Abstract: At a time when the world is recovering from the financial crisis and begins to explore new approaches to sustainable development, Hu Bin, Deputy Chief of the Supervisory Board Office of the China Development Bank (CDB), presents China’s sustainable development policy and discusses how financial institutions, and the CDB in particular, can help promote a green economy. Classification-JEL: Q01, Q58 Keywords: Green Growth, Green Economy, Green Credit Policy Journal: Review of Environment, Energy and Economics Year: 2013 Month: April File-URL: http://www.feem.it/getpage.aspx?id=5430 Handle: RePEc:fem:femre3:2013.04-01 Template-Type: ReDIF-Article 1.0 Author-Name: Fang Shouen Author-WorkPlace-Name: Tongji University Title: International Green Growth Forum - the Sino-Italian Cooperation Program for Environmental Protection Abstract: In recent years green growth has become a focal point of cooperation between Italy and China. In the year 2000 the Italian Ministry for the Environment, Land and Sea (IMELS) launched the Sino-Italian Cooperation Program for Environmental Protection (SICP) with some Chinese institutions and universities. This article describes its achievements and future objectives. Classification-JEL: Q01, Q55, Q56 Keywords: Green Growth, Green Economy, Sino-Italian Cooperation Program for Environmental Protection Journal: Review of Environment, Energy and Economics Year: 2013 Month: April File-URL: http://www.feem.it/getpage.aspx?id=5431 Handle: RePEc:fem:femre3:2013.04-02 Template-Type: ReDIF-Article 1.0 Author-Name: Paolo Soprano Author-WorkPlace-Name: Italian Ministry for the Environment Land and Sea Title: International Green Growth Forum - the EU Approach to Green Economy within the International Framework Abstract: Today’s world is dramatically different from what it was forty or even only twenty years ago. The population and primary energy consumption figures have shot upwards, and global future perspectives are changing, because the world needs more and more natural resources to keep up with its high pace of growth. This article provides an overall picture of what international institutions and the EU are doing to pursue a new economic growth paradigm that is friendly to the earth’s ecosystem and that can at the same time contribute to poverty alleviation. Classification-JEL: Q01, Q4, Q5, Q58 Keywords: Green Growth, Green Economy, EU Journal: Review of Environment, Energy and Economics Year: 2013 Month: April File-URL: http://www.feem.it/getpage.aspx?id=5432 Handle: RePEc:fem:femre3:2013.04-03 Template-Type: ReDIF-Article 1.0 Author-Name: Ottmar Edenhofer Author-WorkPlace-Name: Technische Universität Berlin and Potsdam Institute for Climate Impact Research Title: No Facts without Values Abstract: Climate change is still not widely recognized as a burning issue. Despite illusions, climate skepticism is not dead yet but only evolving, shaped in different forms, each with different underlying reasons and meanings. Ottmar Edenhofer, co-chair of IPCC Working Group III, identifies five types of climate skepticisms and one possible pathway to tackle them. Keywords: Climate Change Journal: Review of Environment, Energy and Economics Year: 2013 Month: April File-URL: http://www.feem.it/getpage.aspx?id=5444 Handle: RePEc:fem:femre3:2013.04-04 Template-Type: ReDIF-Article 1.0 Author-Name: Johannes Emmerling Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Author-Name: Massimo Tavoni Author-WorkPlace-Name: Fondazione Eni Enrico Mattei and CMCC Title: Is Geoengineering a Viable Option for Dealing with Climate Change? Abstract: The difficulty in implementing comprehensive policies aimed at reducing greenhouse gas emissions has led analysts and researchers to wonder about alternative strategies for dealing with climate change. Geoengineering –that is the deliberate reduction of the incoming solar radiation- has received increased interest in recent years as an alternative or complementary climate strategy to abatement of greenhouse gas emissions. In particular, the uncertainties about the magnitude and impact of climate change contributed to the vision of geoengineering as a last resort type of climate policy, which could render abatement in the short term dispensable. In recent research, we analyse the interaction between both types of climate policies and find that under uncertainty, substantial abatement in the medium and short term remains optimal under fairly general conditions due to the time lag until geoengineering options might be available. Classification-JEL: Q54, C63, D81 Keywords: Geoengineering, Mitigation, Climate Policy, Uncertainty Journal: Review of Environment, Energy and Economics Year: 2013 Month: April File-URL: http://www.feem.it/getpage.aspx?id=5436 Handle: RePEc:fem:femre3:2013.04-05 Template-Type: ReDIF-Article 1.0 Author-Name: Shoibal Chakravarty Author-WorkPlace-Name: Princeton Environmental Institute Author-Name: Massimo Tavoni Author-WorkPlace-Name: Fondazione Eni Enrico Mattei and CMCC Title: Would Universal Energy Access Boost Climate Change? Abstract: Energy access is one of the key dimensions of development, and has received increased attention in the policy and research domain. However, a common concern is that tackling energy poverty would come at a risk for mitigating climate change. To answer this question, we have developed a methodology which allows us mapping current and future energy consumption and emissions, when considering a hypothetical effective policy to ensure universal energy access. Classification-JEL: Q43, Q54 Keywords: Energy Poverty, Climate Change, Household Energy Consumption Journal: Review of Environment, Energy and Economics Year: 2013 Month: April File-URL: http://www.feem.it/getpage.aspx?id=5446 Handle: RePEc:fem:femre3:2013.04-06 Template-Type: ReDIF-Article 1.0 Author-Name: Sergio Currarini Author-WorkPlace-Name: FEEM and University of Venice Author-Name: Elena Fumagalli Author-WorkPlace-Name: University of Venice Author-Name: Fabrizio Panebianco Author-WorkPlace-Name: University of Milan Bicocca Title: Smoking and Social Interactions Abstract: Smoking, like many health-related behaviors, has "social" aspects. The smoking habits of my neighbors are likely to shape my own smoking habits, due to what is known in economics as “peer effects”. These complementarities in behavior may result from emulation, joint consumption, conformism, incomplete information and so on. Academics and policy makers seem to universally acknowledge that the social network in which agents are embedded, take decisions and consume, is one of the key elements, together with tastes and various demographics, in determining the smoking behavior of people. This article discusses how accounting for the external effects of smoking (second-hand smoke) and for the concern that people have for their friends and relatives who are exposed to such effects, can help interpret some of the recent trends in smoking behavior, and possibly suggest how to tune anti-smoking policies. Classification-JEL: I18, D7, D85 Keywords: Smoking, Social Interaction, Network Effects Journal: Review of Environment, Energy and Economics Year: 2013 Month: May File-URL: http://www.feem.it/getpage.aspx?id=5498 Handle: RePEc:fem:femre3:2013.05-01 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Wadhams Author-WorkPlace-Name: Department of Applied Mathematics and Theoretical Physics (DAMTP), University of Cambridge Title: Global Warming in the Arctic Abstract: Human-induced temperature increase is amplified in the Arctic, as well as its effects on the ice cover. With the aid of an Arctic "death spiral”, Prof. Peter Wadhams, oceanographer and glaciologist at Cambridge University, discusses scientific evidence and his personal experience of changes in the Arctic in the last decades. Journal: Review of Environment, Energy and Economics Year: 2013 Month: May File-URL: http://www.feem.it/getpage.aspx?id=5517 Handle: RePEc:fem:femre3:2013.05-02 Template-Type: ReDIF-Article 1.0 Author-Name: Furio Cerutti Author-WorkPlace-Name: University of Florence and Scuola Superiore Sant’Anna, Pisa Title: What a Political Philosopher Has to Say About Climate Change Abstract: The abundant philosophical literature on climate change mainly explains how (according to an ethic of justice) we can redress climate injustice between generations, between rich and poor, etc.; but says little on why we should do so, or what motivations we may have for worrying about climate change. Understanding the motivations, however, is crucial to the political endeavour to design strategies and identify actors that can bring about a higher level of global governance to face this challenge. Classification-JEL: Q59 Keywords: Philosophy, Climate Change Journal: Review of Environment, Energy and Economics Year: 2013 Month: May File-URL: http://www.feem.it/getpage.aspx?id=5518 Handle: RePEc:fem:femre3:2013.05-03 Template-Type: ReDIF-Article 1.0 Author-Name: Armando Rungi Author-WorkPlace-Name: University of Warsaw and Fondazione Eni Enrico Mattei Title: The "Invisible Role" of Business Groups is made Evident Abstract: Business Groups collect and coordinate legally autonomous firms spanning both within and across national borders . They represent a lion's share of value added generation on a world scale, and yet they received little attention in economics literature, probably due to a lack of detailed data. In Altomonte and Rungi (2013) we exploited a unique own-built dataset of proprietary linkages to find that: a) Business Groups are present in both developing and developed countries, adapting their organization according to the peculiarities of the hosting environment; b) within Business Groups, choices of integration of production activities are not independent from choices of management coordination; c) eventually, choices of management coordination reveal to be important drivers of productivity and dominate on choices of vertical integration. More in general, here we argue, data are telling us that the adoption of different organizational structures at the firm level can in part explain the endurance of productivity gaps across industries and countries and the phenomenon of Business Groups becomes even more important after the emergence of Global Value Chains. Classification-JEL: F23, L22, L23, L25, D24, G34 Keywords: Production Chains, Hierarchies, Business Groups, Financial Development, Property Rights, Vertical Integration, Corporate Ownership, Organization of Production, Productivity Journal: Review of Environment, Energy and Economics Year: 2013 Month: May File-URL: http://www.feem.it/getpage.aspx?id=5546 Handle: RePEc:fem:femre3:2013.05-04 Template-Type: ReDIF-Article 1.0 Author-Name: Ralf Dickel Author-WorkPlace-Name: Independent gas expert Author-Name: Øystein Noreng Author-WorkPlace-Name: BI Norwegian Business School Author-Name: Domenico Dispenza Author-WorkPlace-Name: International Group of Liquifeid Natural Gas Importers Author-Name: Keun Wook Paik Author-WorkPlace-Name: Chatham House and Oxford Institute for Energy Studies Author-Name: Howard Rogers Author-WorkPlace-Name: Oxford Institute for Energy Studies Author-Name: Ahmet Evin Author-WorkPlace-Name: Sabanci University and Istanbul Policy Center - IPC Title: The Globalisation of Natural Gas Markets: New Challenges and Opportunities for Europe Abstract: The European gas industry has experienced an extraordinary success over the last decades. Gas experts from the academia, international organizations and the industry discuss mid- to long-term challenges and opportunities for European gas markets in order to shed light on a market characterized by growing uncertainty and volatility. Keywords: Natural Gas Markets Journal: Review of Environment, Energy and Economics Year: 2013 Month: May File-URL: http://www.feem.it/getpage.aspx?id=5566 Handle: RePEc:fem:femre3:2013.05-05 Template-Type: ReDIF-Article 1.0 Author-Name: Alexandros Maziotis Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Title: Breaking Up Water Monopolies: Costs and Benefits Abstract: This article looks at vertical and horizontal integration in the English and Welsh water and sewerage industry, estimating the costs and benefits of breaking up monopolies. The results of the analysis suggest that the most cost effective organisational structure for water and sewage services requires a separate but vertically integrated operation of these services. Water and sewerage companies should be integrated, while their internal management and organization design should be structured separately for water and waste activities in order to manage the day-to-day operations at a more efficient scale. Classification-JEL: Q5 Keywords: Monopolies, Productivity, Price Performance, Regulation, Water and Sewerage Industry Journal: Review of Environment, Energy and Economics Year: 2013 Month: June File-URL: http://www.feem.it/getpage.aspx?id=5586 Handle: RePEc:fem:femre3:2013.06-01 Template-Type: ReDIF-Article 1.0 Author-Name: Lorenzo Carrera Author-WorkPlace-Name: Fondazione Eni Enrico Mattei, Euro-Mediterranean Centre for Climate Change and Ca' Foscari University of Venice Author-Name: Jaroslav Mysiak Author-WorkPlace-Name: Fondazione Eni Enrico Mattei, Euro-Mediterranean Centre for Climate Change Author-Name: Jacopo Crimi Author-WorkPlace-Name: Fondazione Eni Enrico Mattei, Euro-Mediterranean Centre for Climate Change Title: Droughts in Northern Italy: Taken by Surprise, Again Abstract: This article analyses origins and impacts of unexpected vulnerabilities revealed by a long-lasting period of drought events across the Po river basin district, in Northern Italy, from 2003 to 2012. The study reveals that climate change effects advance at the same pace of land and water over-exploitation, to the detriment of environmental quality and human well-being. Even if the district is water-rich under normal climate conditions, recurrent droughts continue to highlight the same vulnerabilities. Little improvements have been achieved. Four policy options are identified to turn these threats into adaptation opportunities. Classification-JEL: Q5 Keywords: Drought, Climate Change, River Basin District, Water Management Journal: Review of Environment, Energy and Economics Year: 2013 Month: June File-URL: http://www.feem.it/getpage.aspx?id=5594 Handle: RePEc:fem:femre3:2013.06-02 Template-Type: ReDIF-Article 1.0 Author-Name: Bahattin Buyuksahin Author-WorkPlace-Name: Bank of Canada Author-Name: Leo Drollas Author-WorkPlace-Name: Centre for Global Energy Studies Author-Name: John Elder Author-WorkPlace-Name: Colorado State University Author-Name: Wincenty Kaminski Author-WorkPlace-Name: Rice University Author-Name: Charles F. Mason Author-WorkPlace-Name: University of Wyoming Author-Name: James Smith Author-WorkPlace-Name: Southern Methodist University Title: Oil Price Forecasts and Trends: Interviews with the Experts Abstract: Following the International Conference on “Oil Price Forecasts and Trends” organized by FEEM on May 23-24, 2013, Re3 interviews energy experts Bahattin Buyuksahin, Leo Drollas, John Elder, Wincenty Kaminski, Charles F. Mason and James Smith on the key issues of oil price forecasts and international energy markets. Journal: Review of Environment, Energy and Economics Year: 2013 Month: June File-URL: http://www.feem.it/getpage.aspx?id=5612 Handle: RePEc:fem:femre3:2013.06-03 Template-Type: ReDIF-Article 1.0 Author-Name: Luca Di Corato Author-WorkPlace-Name: Department of Economics, Swedish University of Agricultural Sciences Author-Name: Michele Moretto Author-WorkPlace-Name: Department of Economics and Management, University of Padua, Fondazione Eni Enrico Mattei and Centro Studi Levi-Cases Author-Name: Sergio Vergalli Author-WorkPlace-Name: Department of Economics and Management, University of Brescia and Fondazione Eni Enrico Mattei Title: Deforestation and Government Conservation Policies Abstract: In this paper we investigate land conversion in the presence of voluntary and mandatory habitat conservation policies. Conversion decisions are taken under uncertainty about the value of environmental services by a multitude of landholders competing on the market for agricultural products. We show that land conversion can be delayed by compensating landholders providing environmental services and by limiting the individual extent of developable land. In contrast, we find that setting a ceiling on aggregate land conversion may lead to runs which rapidly exhaust the targeted amount of land. Finally, studying conversion dynamics under different policy scenarios, we show that uncertainty, even if inducing conversion postponement in the short-run, increases the average rate of deforestation and reduces the expected time for total conversion in the long run. Classification-JEL: C61, D81, Q24, Q58 Keywords: Optimal stopping, Deforestation, Payments for environmental services, Natural resources management Journal: Review of Environment, Energy and Economics Year: 2013 Month: July File-URL: http://www.feem.it/getpage.aspx?id=5645 Handle: RePEc:fem:femre3:2013.07-01 Template-Type: ReDIF-Article 1.0 Author-Name: Fabio Sferra Author-WorkPlace-Name: Fondazione Eni Enrico Mattei and CMCC Author-Name: Massimo Tavoni Author-WorkPlace-Name: Fondazione Eni Enrico Mattei and CMCC Title: Turning the Tide against Inaction: Partial Climate Agreements with Open Entry Abstract: Given the current stalemate of international negotiations on climate change, with no global agreement at the horizon, we evaluate the possibility of a special partial agreement with only a subset of countries ratifying a treaty. In this framework, the non-signatory countries can decide to join or to leave a coalition of the willing at any point in time, benefiting from the revenues of the carbon market. The results of our work are very promising and indicate that a partial climate agreement with open membership is indeed able to engage the major developing economies in mitigation actions, and to relieve welfare losses of the signatory regions. In fact if we consider the case of a coalition of the willing formed by the OECD, an environmental treaty with (without) open entry is able to achieve a climate target of 2.7º (3.8º) in 2100 with an associated policy cost of 0.78% (3.16%) for the underwriter regions. Moreover, the transfer of money required to sustain the abatement actions in the non-OECD countries turns out to be politically feasible, as it does not exceed what is currently discussed in the climate change talks ($100 billion per year). Classification-JEL: C72, F18, Q54 Keywords: International Environmental Agreements, Non-Binding Targets, Voluntary Climate Change Actions, Optimal Mitigation Strategies, Fair Burden Sharing in Climate Negotiations, Carbon Leakage Journal: Review of Environment, Energy and Economics Year: 2013 Month: July File-URL: http://www.feem.it/getpage.aspx?id=5666 Handle: RePEc:fem:femre3:2013.07-02 Template-Type: ReDIF-Article 1.0 Author-Name: Daniele Benintendi Author-WorkPlace-Name: Fondazione Eni Enrico Mattei and CMCC Author-Name: Philip Andrews-Speed Author-WorkPlace-Name: Energy Studies Institute, National University of Singapore Title: Competition for Access to Natural Resources. Are Collaborative Solutions Possible? Abstract: How may tension and conflict in oil, gas and mineral markets undermine future global peace and economic development? Which new modes of behaviour can promote an appropriate balance between competition and collaboration? Possible answers to these key questions stem from the EU project on the Policy for Natural Resources, POLINARES, whose final conclusions were presented in Brussels on December 2012. Classification-JEL: Q0, Q2, Q3, Q4, Q5 Keywords: EU Policy, Natural Resources Journal: Review of Environment, Energy and Economics Year: 2013 Month: July File-URL: http://www.feem.it/getpage.aspx?id=5680 Handle: RePEc:fem:femre3:2013.07-03 Template-Type: ReDIF-Article 1.0 Author-Name: Carlo Carraro Author-WorkPlace-Name: University of Venice and Fondazione Eni Enrico Mattei Author-Name: Jos Delbeke Author-WorkPlace-Name: European Commission, Climate Actions Author-Name: David Hobbs Author-WorkPlace-Name: KAPSARC Author-Name: Jian Kejun Author-WorkPlace-Name: Energy Research Institute (ERI) and National Development and Reform Commission, China Author-Name: Leena Srivastava Author-WorkPlace-Name: TERI University Author-Name: Jorge Vasconcelos Author-WorkPlace-Name: New Energy Solutions Title: Highlights from the 2013 International Energy Workshop Abstract: The 2013 edition of the International Energy Workshop was held in Paris on June 19–21. In their interviews to Re3, keynote speakers Carlo Carraro, Jos Delbeke, David Hobbs, Jiang Kejun, Leena Srivastava and Jorge Vasconcelos discuss the challenges related to the intertwined issues of energy, climate and economic growth. Keywords: Energy, Climate Change, Sustainable Development Journal: Review of Environment, Energy and Economics Year: 2013 Month: July File-URL: http://www.feem.it/getpage.aspx?id=5693 Handle: RePEc:fem:femre3:2013.07-04 Template-Type: ReDIF-Article 1.0 Author-Name: Stéphane Hallegatte Author-WorkPlace-Name: The World Bank Title: Economic Growth and Risk Taking: Is it Rational to Suffer from Increasing Disaster Losses? Abstract: This article draws from a study that investigates the link between development, economic growth and the economic losses from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human casualties, but economic losses from natural disasters have been growing as fast or even faster than economic growth in both rich and poor countries. The analysis suggests indeed that economic growth leads to better defenses but also more risk taking, making average disaster losses grow with income. In the future, larger resources and better defenses are likely to make natural disasters become rarer but more severe. An obvious consequence is the need for more resilience, i.e. an improved ability to deal with and recover from the rare events that exceed protection capacity. Crisis management and post-disaster support, and especially international post-disaster support schemes are thus likely to play an increasingly important role in the future. Classification-JEL: O10, O44, Q01, Q54 Keywords: Development, Economic Growth, Risk, Natural Disaster, Economic Losses Journal: Review of Environment, Energy and Economics Year: 2013 Month: September File-URL: http://www.feem.it/getpage.aspx?id=5748 Handle: RePEc:fem:femre3:2013.09-01 Template-Type: ReDIF-Article 1.0 Author-Name: David C. Major Author-WorkPlace-Name: Center for Climate Systems Research, Columbia University Author-Name: Robin Leichenko Author-WorkPlace-Name: Department of Geography, Rutgers, The State University of New Jersey Author-Name: Katie Johnson Author-WorkPlace-Name: Ca’ Foscari University of Venice Author-Name: Megan Linkin Author-WorkPlace-Name:Swiss Re America Holding Corporation Title: Projecting Future Coastal Flooding Damages with Climate Change Abstract: A scoping method for projecting coastal zone flood damage with climate change is described. The method links current flood damage estimates from climate impacts with estimated changes in parameters (such as flood frequency) from climate scenarios to produce estimates of future damages from climate change. The method is illustrated by an application to future insured flood damages in the highly urbanized coastal zone of New York State, USA. Classification-JEL: O18, O21, O22, Q51, Q54 Keywords: Climate Change, Urban Flood Damage, Future Damage Scenarios, Coastal Zones, Adaptation Journal: Review of Environment, Energy and Economics Year: 2013 Month: September File-URL: http://www.feem.it/getpage.aspx?id=5762 Handle: RePEc:fem:femre3:2013.09-02 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan Colmer Author-WorkPlace-Name: London School of Economics Author-Name: Michele Piffer Author-WorkPlace-Name: London School of Economics Author-Name: Rosen Valchev Author-WorkPlace-Name: Duke University Title: FEEM Award 2013. The Winners Are... Abstract: Re 3 is pleased to publish the interviews with the winners of the FEEM Award conferred during the 2013 European Economic Association Congress at the University of Gothenburg, Sweden: Jonathan Colmer and Michele Piffer, London School of Economics, and Rosen Valchev , Duke University, with links to the papers and motivations for the prize. Journal: Review of Environment, Energy and Economics Year: 2013 Month: September File-URL: http://www.feem.it/getpage.aspx?id=5789 Handle: RePEc:fem:femre3:2013.09-03 Template-Type: ReDIF-Article 1.0 Author-Name: Carlo Carraro Author-WorkPlace-Name: Vice-Chair of the Working Group III and Member of the Bureau of the IPCC Author-Name: Carlo Barbante Author-WorkPlace-Name: Ca’ Foscari University of Venice Author-Name: Paolo Ruti Author-WorkPlace-Name: ENEA, Contributing Author IPCC WGI Author-Name: Antonio Navarra Author-WorkPlace-Name: CMCC Title: Climate change: everything you need to know about the IPCC 5th Assessment Report Abstract: The publication of the Fifth Assessment Report of the Intergovernmental Panel on Climate Change marks a key event in the international debate on climate change. The Summary for Policymakers in the first part of the Report (Working Group I contribution), focused on the physical science basis of climate change, has been released today, Sept. 27 2013. Journal: Review of Environment, Energy and Economics Year: 2013 Month: September File-URL: http://www.feem.it/getpage.aspx?id=5801 Handle: RePEc:fem:femre3:2013.09-04 Template-Type: ReDIF-Article 1.0 Author-Name: Simone Tagliapietra Author-WorkPlace-Name: Fondazione Eni Enrico Mattei and Università Cattolica del Sacro Cuore, Milan Title: Financing the European Energy Infrastructure of the Future Abstract: Europe is in need of massive infrastructure investments. Only in the energy sector, EUR 1.1 trillion will be needed by 2020 to finance an infrastructure able to match future demand for energy, to ensure security of supply and to comply with the decarbonisation targets. However, the EU infrastructure-funding model is congested by a mix of financial, regulatory and institutional constrains. Given the crucial role played by energy infrastructure in an economic system, this bottleneck could seriously undermine the recovery of the EU economy and its future prospects of growth. For this reason, it is necessary and urgent to find new ways to promote private sector financing of energy infrastructure projects, through innovative tools such as the Connecting Europe Facility and the Europe 2020 Project Bond Initiative. Classification-JEL: Q40, O13, F50 Keywords: EU Energy market, Energy infrastructure, Institutional investors, Connecting Europe Facility, Europe 2020 Project Bond Initiative Journal: Review of Environment, Energy and Economics Year: 2013 Month: October File-URL: http://www.feem.it/getpage.aspx?id=5818 Handle: RePEc:fem:femre3:2013.10-01 Template-Type: ReDIF-Article 1.0 Author-Name: Milan Scasny Author-WorkPlace-Name: Charles University, Prague Title: Environmental Effects of Residential Consumption Behaviours: the Case of the Czech Republic Abstract: How are different consumption activities structured within the Czech society, and what effects do they have on the environment? This new volume by Milan Scasny, Jan Urban and Iva Zverinova proposes examples of policy measures and tools aimed at reducing the adverse environmental effects of residential consumption behaviours. Journal: Review of Environment, Energy and Economics Year: 2013 Month: October File-URL: http://www.feem.it/getpage.aspx?id=5841 Handle: RePEc:fem:femre3:2013.10-02 Template-Type: ReDIF-Article 1.0 Author-Name: Carlo Orecchia Author-WorkPlace-Name: Fondazione Eni Enrico Mattei (FEEM) and Euro-Mediterranean Center on Climate Change (CMCC) Author-Name: Ramiro Parrado Author-WorkPlace-Name: Fondazione Eni Enrico Mattei (FEEM) and Euro-Mediterranean Center on Climate Change (CMCC) Title: Including non-CO2 Emissions in the European ETS Abstract: Although CO2 emissions stand for most of greenhouse gas (GHG) emissions, the contribution of mitigation efforts based on non-CO2 emissions is still a field that needs to be explored more thoroughly. Extending abatement opportunities to non-CO2 could reduce overall mitigation cost but it could also exert a negative pressure on agricultural output. This article offers insights about the first effect while provides a preliminary discussion for the second. We investigate the role of non-CO2 GHGs in climate change mitigation in Europe using a computable general equilibrium (CGE) model. We develop a specific modelling framework extending a CGE model with non-CO2 GHGs as an additional mitigation alternative. To model and evaluate the general equilib- rium responses to mitigation policies, we tied emissions to explicit endowment, input and output flows. These modifications allow us to analyze the implications in terms of costs for the European Union (EU) of including non-CO2 GHG emissions in its cap and trade system. We distinguish two targets on all GHG emissions for 2020, a reduction by 20% and 30% with respect to 1990 levels. Within the same reduction cap (either -20% or -30%), we distinguish two mitigation opportunities by means of a carbon tax: on CO2 only and on all GHGs (both CO2 and non-CO2 GHG emissions). Results show that a multi-gas mitigation policy will slightly decrease policy costs compared to the CO2 only alternative. Classification-JEL: Q5, Q58 Keywords: CGE, Greenhouse gas emissions, Cap-and-trade system, Agriculture, Non-CO2 emissions, European Union, Effort Sharing Decision Journal: Review of Environment, Energy and Economics Year: 2013 Month: October File-URL: http://www.feem.it/getpage.aspx?id=5854 Handle: RePEc:fem:femre3:2013.10-03 Template-Type: ReDIF-Article 1.0 Author-Name: Anthony Bigio Author-WorkPlace-Name: George Washington University, IPCC Lead Author Working Group III Title: Urban Risks and Climate Change Abstract: One year after Sandy hit New York, Anthony Bigio, George Washington University and IPCC Lead Author Working Group III, focuses on the key concepts of urban risks, climate change and resilience. Re3 publishes a synthesis of his keynote address delivered at the 2013 FEEM and CMCC convention. Keywords: Climate Change, Resilience Journal: Review of Environment, Energy and Economics Year: 2013 Month: October File-URL: http://www.feem.it/getpage.aspx?id=5867 Handle: RePEc:fem:femre3:2013.10-04 Template-Type: ReDIF-Article 1.0 Author-Name: Fabio Eboli Author-WorkPlace-Name: Fondazione Eni Enrico Mattei (FEEM) and Euro-Mediterranean Center on Climate Change (CMCC) Title: FEEM Sustainability Index 2013 Preview Abstract: After the Rio+20 UN Conference in 2012, the debate on sustainable development has focused on monitoring the progress in wellbeing, paving the way for the transition from Millennium Development Goals to Sustainable Development Goals. Re3 hosts the preview of the most updated findings of FEEM’s Sustainability Index which will be disclosed officially on November 12 2013. Classification-JEL: Q01 Keywords: Sustainable Development Journal: Review of Environment, Energy and Economics Year: 2013 Month: October File-URL: http://www.feem.it/getpage.aspx?id=5881 Handle: RePEc:fem:femre3:2013.10-05 Template-Type: ReDIF-Article 1.0 Author-Name: Ilaria Pais Author-WorkPlace-Name: Fondazione Eni Enrico Mattei (FEEM) Title: When Collaboration becomes Value Creation. A New Relationship between Companies and Citizens Abstract: This article examines the rise of a new consumer that inaugurates, along with enterprises and institutions, a model of citizenship based on responsibility and greater awareness of emerging global challenges. Citizens and enterprises are now becoming partners of a collective commitment that aims to generate a positive impact on society. Citizen Consumers are in fact requesting more responsibility, understanding and involvement from companies, and this contribution postulates that dialogue, collaboration and engagement could have the power to transform the traditional model of Business Sustainability into a more innovative and modern paradigm. Classification-JEL: A13, D11, Q01 Keywords: Consumer, Citizenship, Sustainability, Business Ethics, Common Goods, Web 2.0, Collaboration, Social Innovation Journal: Review of Environment, Energy and Economics Year: 2013 Month: November File-URL: http://www.feem.it/getpage.aspx?id=5887 Handle: RePEc:fem:femre3:2013.11-01 Template-Type: ReDIF-Article 1.0 Author-Name: Carlo Carraro Author-WorkPlace-Name: University of Venice and Fondazione Eni Enrico Mattei (FEEM) Author-Name: Fabio Eboli Author-WorkPlace-Name: Fondazione Eni Enrico Mattei (FEEM) Author-Name: Marianne Fay Author-WorkPlace-Name: World Bank Author-Name: Paul Schreyer Author-WorkPlace-Name: OECD Author-Name: Michaela Saisana Author-WorkPlace-Name: EC-JRC Title: The Latest Insights on Green Growth Measurement Abstract: The "Methodologies and Indicators for Green Growth measurement" conference of November 12, 2013 assessed the state of the art in quantitative measurement of sustainability, and presented the updated findings of the FEEM SI Index 2013. Re3 hosts the interviews with the keynote speakers, their presentations and the video of the event. Keywords: Sustainable Development, Green Growth Journal: Review of Environment, Energy and Economics Year: 2013 Month: November File-URL: http://www.feem.it/getpage.aspx?id=5912 Handle: RePEc:fem:femre3:2013.11-02 Template-Type: ReDIF-Article 1.0 Author-Name: Julie Rozenberg Author-WorkPlace-Name: CIRED Author-Name: Adrien Vogt-Schilb Author-WorkPlace-Name: CIRED Author-Name: Stephane Hallegatte Author-WorkPlace-Name: World Bank, Sustainable Development Network Title: Efficiency and Acceptability of Climate Policies: Race Against the Lock-ins Abstract: Policymakers have good reasons to favor capital-based policies - such as CAFE standards or feebates programs - over a carbon price. A carbon price minimizes the discounted cost of a climate policy, but may result in existing capital being under-utilized or scrapped before its scheduled lifetime, hurt the workers that depend on it, and inflict an immediate income drop. Capital-based policies avoid these obstacles, but can reach a given climate target only if implemented early enough. Delaying mitigation policies may thus create a political-economy lock- in (easier-to-implement policies become unavailable) in addition to the economic lock-in (the target becomes more expensive). Classification-JEL: L50, O44, Q52, Q54, Q58 Keywords: Intergenerational Equity, Sectoral Policies, Mothballing Journal: Review of Environment, Energy and Economics Year: 2013 Month: November File-URL: http://www.feem.it/getpage.aspx?id=5885 Handle: RePEc:fem:femre3:2013.11-03 Template-Type: ReDIF-Article 1.0 Author-Name: Steffen Kalbekken Author-WorkPlace-Name: CICERO Author-Name: Sara Venturini Author-WorkPlace-Name: UNFCCC Italian Delegation ad CMCC Author-Name: Mariagrazia Midulla Author-WorkPlace-Name: WWF Author-Name: Federico Antognazza Author-WorkPlace-Name: Italian Climate Network Title: What Happened at COP 19? Abstract: The last COP19/CMP9 United Nations Climate Change Conference was held in Warsaw, Poland on 11-22 November 2013. Re3 publishes a 4-minute interview with key experts to understand the goals and main results of the meeting. Keywords: Climate Change, Sustainable Development Journal: Review of Environment, Energy and Economics Year: 2013 Month: November File-URL: http://www.feem.it/getpage.aspx?id=5950 Handle: RePEc:fem:femre3:2013.11-04 Template-Type: ReDIF-Article 1.0 Author-Name: Chiara Mio Author-WorkPlace-Name: University of Venice Title: Towards a Sustainable University – The Ca’ Foscari Experience Abstract: Education of present and future generations is the mission of Universities: and sustainability is a core issue to be tackled in this perspective. This is the key message of the book "Towards a Sustainable University" , which aims at analysing the role of universities in the creation and spread of knowledge, and the educational and behavioral models of all the stakeholders, supporting the pursuit of this new paradigm. The path towards sustainability needs first of all a deep cultural change, starting with the education of responsible citizens: this is an essential step, without which it would not be possible to overcome the weaknesses of the present development model. Classification-JEL: I20, I23, Q01, Q56, Q59, Y30 Keywords: Education, Sustainable University Journal: Review of Environment, Energy and Economics Year: 2013 Month: December File-URL: http://www.feem.it/getpage.aspx?id=5940 Handle: RePEc:fem:femre3:2013.12-01 Template-Type: ReDIF-Article 1.0 Author-Name: Jacqueline Bucher Author-WorkPlace-Name: GDF, Suez Author-Name: Anne-Sophie Corbeau Author-WorkPlace-Name: International Energy Agency Author-Name: Jacques de Jong Author-WorkPlace-Name: Clingendael International Energy Programme Author-Name: Arild Moe Author-WorkPlace-Name: Fridtjof Nansen Institute Author-Name: Michele Polo Author-WorkPlace-Name: Bocconi University and IEFE Author-Name: John Roberts Author-WorkPlace-Name: Methinks Ltd and Former Energy Security Specialist at PLATTS Title: The Extraordinary Evolution of the Global Gas Industry Abstract: In short interviews granted during the recent FEEM Gas Talks held in Milan on November 5-6, 2013, leading energy experts debate on European gas demand and supply and on the future of gas pricing and European gas governance, shedding light on a market characterized by growing uncertainty and volatility. Keywords: Energy, Gas Journal: Review of Environment, Energy and Economics Year: 2013 Month: December File-URL: http://www.feem.it/getpage.aspx?id=5987 Handle: RePEc:fem:femre3:2013.12-02 Template-Type: ReDIF-Article 1.0 Author-Name: Manfred Hafner Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Author-Name: Simone Tagliapietra Author-WorkPlace-Name: Fondazione Eni Enrico Mattei Title: Rethinking Global Natural Gas Markets: New Challenges and Opportunities Ahead Abstract: As stated by Jonathan Stern in his foreword to the volume "The Globalization of Natural Gas Markets: New Challenges and Opportunities for Europe" by Manfred Hafner and Simone Tagliapietra, the terms "globalisation and "gas markets" could only have been placed in the same title of a book on this subject over the past five years. In their latest volume on the challenging topic of natural gas markets, the authors shed light on a number of issues, including the rapid expansion of the LNG market, the US shale gas revolution, the EU gas security of supply architecture, the EU gas market outlook and the new gas supply potential for Europe. Classification-JEL: Q4 Keywords: Energy, Gas Journal: Review of Environment, Energy and Economics Year: 2013 Month: December File-URL: http://www.feem.it/getpage.aspx?id=6033 Handle: RePEc:fem:femre3:2013.12-03