The Green Paradox by Hans-Werner Sinn

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The Green Paradox

Author : Hans-Werner Sinn

Publisher : MIT Press

Published : 2012-02-03

ISBN-10 : 0262300583

ISBN-13 : 9780262300582

Number of Pages : 288 Pages

Language : en

Descriptions The Green Paradox

A leading economist develops a supply-side approach to fighting climate change that encourages resource owners to leave more of their fossil carbon underground.The Earth is getting warmer. Yet, as Hans-Werner Sinn points out in this provocative book, the dominant policy approach—which aims to curb consumption of fossil energy—has been ineffective. Despite policy makers' efforts to promote alternative energy, impose emission controls on cars, and enforce tough energy-efficiency standards for buildings, the relentlessly rising curve of CO2 output does not show the slightest downward turn. Some proposed solutions are downright harmful: cultivating crops to make biofuels not only contributes to global warming but also uses resources that should be devoted to feeding the world's hungry. In The Green Paradox, Sinn proposes a new, more pragmatic approach based not on regulating the demand for fossil fuels but on controlling the supply.The owners of carbon resources, Sinn explains, are pre-empting future regulation by accelerating the production of fossil energy while they can. This is the “Green Paradox”: expected future reduction in carbon consumption has the effect of accelerating climate change. Sinn suggests a supply-side solution: inducing the owners of carbon resources to leave more of their wealth underground. He proposes the swift introduction of a “Super-Kyoto” system—gathering all consumer countries into a cartel by means of a worldwide, coordinated cap-and-trade system supported by the levying of source taxes on capital income—to spoil the resource owners' appetite for financial assets.Only if we can shift our focus from local demand to worldwide supply policies for reducing carbon emissions, Sinn argues, will we have a chance of staving off climate disaster.

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Results The Green Paradox

Green Paradox | Hans-Werner Sinn - The Green Paradox is a term that refers to an undesirable effect of environmental measures. Politicians believe that environmentally-friendly legislation that lowers demand for fossil fuels can reduce carbon dioxide emissions and thus protect the climate

A Synthetic Control Assessment of the Green Paradox: The Role of - This paper extends the green paradox literature by providing empirical insights into its existence. To check the green paradox theory, I analyse the production of coal in four major coal-producing US states that announced a greenhouse gas action plan. To form a statement on whether there is a treatment effect caused by the green policy, I employ Synthetic Control Methods to calculate

Drivers of the Green Paradox in Europe: An empirical application - Springer - The green paradox describes an undesirable and socially inefficient phenomenon caused by the expansionary reactions of the supply as a response to the various mechanisms that combat climate change. This article seeks to understand and aggregate the different drivers of this phenomenon portrayed in the literature, as well the empirical evidence associated and the proposed solutions. For this

Is there really a green paradox? - ScienceDirect - The (weak) Green Paradox prevails but the welfare effects of a lower backstop cost depend on the backstop cost. Green welfare falls if the backstop cost is high compared with the initial marginal cost of extracting oil. Else, the result depends on other parameters of the model

The Green Paradox—the Pitfalls of Green Energy and How to ... - Newsweek - For offshore wind turbines the cost ranges anywhere from $223,000 to $668,800 per MW. The data regarding the cost of decommissioning solar panels is currently somewhat sketchy. However, available

The Green Paradox | Sense & Sustainability - This also makes the Green Paradox less of a concern. The classic model, additionally, does not take into account the possibility of carbon leakage between countries or regions. When emissions can move spatially, things get complicated, to say the least, and whether suppliers extract more fuel now could depend on factors such as the price

The Green Paradox: A Supply-Side View of the Climate Problem - SSRN - This comment argues that this is because of the Green Paradox, - (the anticipation of sales by resource owners who try to pre-empt the destruction of their markets by green policies.) - Reviewing some of the conditions under which strong and weak versions of the Green Paradox may emerge, it is argued that there is little hope that

The Paradox of The Green Jacket - - The Green Jacket Has Mass Appeal and Almost Nobody Can Get One. It only costs $250 to manufacture The Masters' iconic green jacket. The modest three-button, single-breasted blazer ranks with the NHL's Stanley Cup, NFL Super Bowl rings, and Olympic gold medals among the ultimate symbols of sporting success

Cumulative Carbon Emissions and the Green Paradox - The green paradox states that a gradually more ambitious climate policy such as a renewables subsidy or an anticipated carbon tax induces fossil fuel owners to extract more rapidly and accelerate global warming. However, if extraction becomes more costly as reserves are depleted, such policies also shorten the fossil fuel era, induce more fossil fuel to be left in the earth, and thus curb

Climate Policy and Nonrenewable Resources: The Green Paradox ... - JSTOR - The green paradox can be interpreted as a story about the announcement effects of "green" policies, and in particular, taxes on the extraction or the use of fossil resources. In a static setting, introducing a specific consumption tax or employing some similar measure always reduces equilibrium output. This conventional wisdom turns out to

The Green Paradox: A Supply-Side Approach to Global Warming - In The Green Paradox, Sinn proposes a new, more pragmatic approach based not on regulating the demand for fossil fuels but on controlling the supply. The owners of carbon resources, Sinn explains, are pre-empting future regulation by accelerating the production of fossil energy while they can. This is the "Green Paradox": expected future

The Green Paradox - The World Financial Review - The Green Paradox. May 27, 2012. By Hans-Werner Sinn. Despite policymakers' efforts to promote alternative energy, impose emission controls on cars, and enforce tough energy efficiency standards for buildings, the relentlessly rising curve of CO2 output does not show the slightest downward turn. The author attributes this to the fact that

The Green Paradox - The human instinct of self-preservation causes the entire policy framework to collapse. Such a situation is called the 'green paradox'. The term was first coined by the German economist, Hans-Werner Sinn, and has since become one of the most controversial topics under environmental economics. The green paradox is rooted in the fundamental

The Green Paradox: A Supply-Side Approach to Global Warming (The MIT - In Green Paradox wird auch festgehalten, daß die Eisbohrkerne bis 700.000 Jahre zurück Aufschluß geben, wie sich die Durchschnitts-Temperaturen während dieser Jahrhundert-tausende geändert haben, wann Eis- und Warmzeiten waren, und - wie durch einen glück-lichen Umstand - zugleich und aus denselben Lufteinschlüssen auch die jeweils zu

[PDF] Should We Be Worried About the Green Paradox? Announcement - This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented environmental policies may lead to detrimental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the as a case study. The theory predicts that owners of coal deposits, expecting future sales to decline, would

(PDF) The Logic behind the Green Paradox - ResearchGate - The Green Paradox is a phenomenon that arises when climate policies actually worsen the problem of global warming. For several years, the topic has become of interest to European economists. This

Is there really a green paradox? - ScienceDirect - The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. The prospect of carbon taxes being implemented in the future induces resource owners to extract more rapidly which increases present carbon dioxide emissions and accelerates global warming

The Green Paradox: Why Europe's Climate Policies Increase Global CO2 - Yesterday, 20 September, the so-called "Climate Cabinet" of Germany's federal government met to set the course of German climate policy for the coming years. Christoph Kramer spoke with Johannes Bachmann about the so-called Green Paradox and the economic concepts that fuel it. Dr Bachmann is an economist and a member of the Hayek Society

An Introduction to the Green Paradox: The Unintended Consequences of - The weak green paradox also has the potential to threaten an overall carbon target: if less carbon than expected can be emitted in the future because emissions increase today, there may be pressure to adjust the target upward. This race can be avoided implicitly through a carbon tax or explicitly through a cap-and-trade scheme

The Green Paradox : A Supply-Side Approach to Global Warming - Google Books - In The Green Paradox, Sinn proposes a new, more pragmatic approach based not on regulating the demand for fossil fuels but on controlling the supply. The owners of carbon resources, Sinn explains, are pre-empting future regulation by accelerating the production of fossil energy while they can. This is the "Green Paradox": expected future

CLIMATE CHANGE AND GREEN PARADOXES | Department of Economics - These Green Paradox effects thus add to carbon leakage. As far as financial markets are concerned, there is a risk of stranded financial assets associated with irreversible investments, if policy makers suddenly take credible and effective action to fight global warming. Third, second-best and political economy issues facing climate policy have

The Green Paradox: A Supply-Side Approach to Global Warming - In Green Paradox wird auch festgehalten, daß die Eisbohrkerne bis 700.000 Jahre zurück Aufschluß geben, wie sich die Durchschnitts-Temperaturen während dieser Jahrhundert-tausende geändert haben, wann Eis- und Warmzeiten waren, und - wie durch einen glück-lichen Umstand - zugleich und aus denselben Lufteinschlüssen auch die jeweils zu

An Introduction to the Green Paradox: The Unintended Consequences of - First, we present a simple model explaining how announcing a future climate policy may increase carbon emissions today - the Green Paradox effect. This effect is a result of fossil fuel

The Green Paradox: A Supply-side View of the Climate Problem - "The Green Paradox and Learning-by-Doing in the Renewable Energy Sector," Working Papers 2014002, Berlin Doctoral Program in Economics and Management Science (BDPEMS). Daniel Nachtigall & Dirk Rübbelke, 2014. "The Green Paradox and Learning-by-Doing in the Renewable Energy Sector," CESifo Working Paper Series 4880, CESifo

Green paradox - Wikipedia - Green paradox. The Green Paradox is the title of a controversial book by German economist, Hans-Werner Sinn, describing the observation that an environmental policy that becomes greener with the passage of time acts like an announced expropriation for the owners of fossil fuel resources, inducing them to accelerate resource extraction and hence

The Green Paradox - MIT Press - A leading economist develops a supply-side approach to fighting climate change that encourages resource owners to leave more of their fossil carbon

Global Warming and the Green Paradox: A Review of Adverse Effects of - Abstract This article examines the possible adverse effects of well-intended climate policies, an outcome known as the Green Paradox. A weak Green Paradox arises if the announcement of a future carbon tax or a sufficiently fast rising carbon tax encourages fossil fuel owners to extract reserves more aggressively, thus exacerbating global warming. We argue that such policies may also encourage

Online (PDF) The Green Paradox Download | The Pranitas - Download or read book The Green Paradox written by Hans-Werner Sinn and published by MIT Press. This book was released on 2012-02-03 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist develops a supply-side approach to fighting climate change that encourages resource owners to leave more of their

PDF Where the Green Is: Examining the Paradox of Environmentally Conscious - consumer, they have attempted to 'green up' the presentation of their products and services. This has led many environmental groups to investigate the claims of companies, often with disappointing results. Green on the Outside: The Practice of Corporate Greenwashing Greenpeace coined the term 'greenwashing' in 1991 to "describe corporate

The Green Paradox | Sense & Sustainability - A paper published in the Review of Environmental Economics and Policy this year summarizes the current research on the Green Paradox. The authors walk through the theoretical models on the topic as well as the tiny bit of empirical evidence about whether the Green Paradox has occurred so far. Here’s what they say:

The Green Paradox—the Pitfalls of Green Energy and How to - Finding ways to addressing the green paradox is essential if we wish to be as sustainable and environment friendly as we purport ourselves to be. The next generation will hold us accountable

An Introduction to the Green Paradox: The Unintended - The green paradox refers to an outcome in which climate policies such as carbon taxes, which are aimed at reducing carbon emissions, instead have the opposite effect: emissions increase, at least for some period of time

An Introduction to the Green Paradox: The Unintended - Abstract How important is the Green Paradox? We address this question in three ways. First, we present a simple model explaining how announcing a future climate policy may increase carbon emissions today – the Green Paradox effect. This effect is a result of fossil fuel producers increasing their extraction today as a response to a reduction in future resource rents. Second, we examine the

Green paradox - Wikipedia - The Green Paradox is the title of a controversial book by German economist, Hans-Werner Sinn, describing the observation that an environmental policy that becomes greener with the passage of time acts like an announced expropriation for the owners of fossil fuel resources, inducing them to accelerate resource extraction and hence to accelerate

The Green Paradox - MIT Press - The Green Paradox; The Green Paradox A Supply-Side Approach to Global Warming. by Hans-Werner Sinn. $34.95 Hardcover; eBook; 288 pp., 6 x 9 in, 36 figures, 8 tables