Should We be Worried about the Green Paradox? by Corrado Di Maria, Ian Lange, Edwin Van der Werf

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Should We be Worried about the Green Paradox?

Author : Corrado Di Maria, Ian Lange, Edwin Van der Werf

Publisher : Center for Economic Studies and the Ifo Institute for Economic Research

Published : 2012

ISBN-10 :

ISBN-13 :

Number of Pages : 22 Pages

Language : en

Descriptions Should We be Worried about the Green Paradox?

This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case study. The theory predicts that owners of coal deposits, expecting future sales to decline, would supply more of their resource between the announcement of the Acid Rain Program and its implementation; moreover, the incentive to increase supply would be stronger for owners of high-sulfur coal. This would, all else equal, induce an increase in sulfur dioxide emissions. Using data on prices, heat input and sulfur content of coal delivered to U.S. power plants, we find strong evidence of a price decrease, some indication that the amount of coal used might have increased, and no evidence that the announcement of the Acid Rain Program led the use of higher sulfur coal. Overall, our evidence suggests that while the mechanism indicated by the theory might be at work, market conditions and concurrent regulation prevented a green paradox from arising. These results have implications for the design of climate policies. -- Green Paradox ; Implementation Lags ; Announcement Effects ; Climate Policy ; Acid Rain Policy

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Results Should We be Worried about the Green Paradox?

PDF Should we be worried about the Green Paradox? - Should we be worried about the Green Paradox? 2 the introduction of vintage diﬀerentiated regulation, whereby older vintages of a given tech-nology are subject to laxer (if any) environmental standards. Under such circumstances, the incentives to invest in more eﬃcient - but also more stringently regulated - technology are greatly reduced

Should We Be Worried About the Green Paradox? Announcement ... - SSRN - Overall, our evidence suggests that while the mechanism indicated by the theory might be at work, market conditions and concurrent regulation prevented a green paradox from arising. These results have implications for the design of climate policies

[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

Should we be worried about the green paradox? Announcement effects of - The fourth testable hypothesis we derive from the green paradox literature states that, as the sulfur premium increases after the announcement of the ARP, more of the - now relatively cheaper - high-sulfur coal would be used by Phase I plants, in the interim of the regulation. Table 4 presents the results of the estimation of Eq

Should We Be Worried About the Green Paradox ... - ResearchGate - Request PDF | On Jan 1, 2012, Corrado Di Maria and others published Should We Be Worried About the Green Paradox? Announcement Effects of the Acid Rain Program | Find, read and cite all the

Should we be worried about the green paradox ... - ScienceDirect - The second testable implication from the green paradox theory is, therefore, that the price fall should be larger for high-sulfur coal than for low-sulfur coal, we should observe an increase in the sulfur premium. These two price effects should induce corresponding quantity effects, which make up our third and fourth hypotheses

Should we be Worried about the Green Paradox? Announcement Effects of - This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental 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) Should We Be Worried About the Green Paradox? Announcement - Should we be worried about the Green Paradox? 19 Kahn, S., and C. R. Knittel (2003) 'The impact of the Clean Air Act Amendments of 1990 on electric utilities and coal mines: evidence from 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 global warming

PDF Should we be worried about the Green Paradox? Announcement ... - TSE - Should we be worried about the Green Paradox? 2 changes on the part of the regulated agents. A text-book example of such a phenomenon occurs when regulators want to control ﬁshing eﬀorts mandating maximum levels for the use of speciﬁc inputs ( ﬁshing time, number of vessels, type of ﬁshing gear, etc.). Ratio-

PDF Should we be worried about the Green Paradox? Announcement Eﬀects of - Should we be worried about the Green Paradox? 2 1 Introduction Like any other policy aimed at correcting externalities, environmental policy may have un-intended detrimental eﬀects if it is not optimally designed to take into account behavioral changes on the part of the regulated agents. A classic example of this type of problems is

Should we be worried about the green paradox? Announcement effects of - This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the as a case

An Introduction to the Green Paradox: The Unintended Consequences of - 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

Should we be worried about the green paradox? Announcement effects of - 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

Should We Be Worried About the Green Paradox? Announcement Effects of - Overall, our evidence suggests that while the mechanism indicated by the theory might be at work, market conditions and concurrent regulation prevented a green paradox from arising. These results have implications for the design of climate policies

(PDF) Should we be worried about the green paradox? Announcement - Should we be worried about the green paradox? Announcement effects of the Acid Rain Program

Should we be Worried about the Green Paradox? Announcement E - This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental 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

The Green Paradox | Sense & Sustainability - But with several types of fossil fuels out there emitting different amounts of carbon per unit of energy produced, the Green Paradox might be plausible. All this modeling is great, but, since we are getting mixed results, should we really be worried about this? Empirical studies of what suppliers have done in the past can answer this question

Should We Be Worried About the Green Paradox? Announcement Eﬀects of - THE GREEN PARADOX Rates Must Be Slowed Down; Paradoxes Situations That Seems to Defy Intuition; The Green Paradox and Learning-By-Doing in the Renewable Energy Sector; 2012 Print Publication; Should We Be Worried About the Green Paradox? Announcement Eﬀects of the Acid Rain Program∗; List of Paradoxes 1 List of Paradoxes

Should we be worried about the green paradox? Announcement - Are supply side responses to environmental policies a green paradox?

Should we be worried about the green paradox? Announcement - Overall, our evidence suggests that while the mechanism indicated by the theory might be at work, market conditions and concurrent regulation largely prevented a green paradox from arising. These results have implications for the design of climate policies. Keywords Green paradox Implementation lags Announcement effects Climate policy

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 policies may lead to detrimental environmental 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

- Overall, our evidence suggests that while the mechanism indicated by the theory might be at work, market conditions and concurrent regulation largely prevented a green paradox from arising. These results have implications for the design of climate policies

An Introduction to the Green Paradox: The Unintended - The weak green paradox concerns only the immediate effect of climate policies and is said to arise when emissions increase in the short run. A strong green paradox refers to an outcome in which climate policies actually lead to an increase in climate damages in the long run (Gerlagh 2010)

Should We Be Worried About the Green Paradox ... - SSRN - Overall, our evidence suggests that while the mechanism indicated by the theory might be at work, market conditions and concurrent regulation prevented a green paradox from arising. These results have implications for the design of climate policies. Keywords: Green Paradox, Implementation Lags, Announcement Effects, Climate Policy, Acid Rain

Should we be worried about the green paradox? Announcement - 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