Incomplete model specification in a multi-pollutants setting: The case of climate change and acidification

Legras, Sophie

doi:10.1016/j.reseneeco.2010.11.001

Cited by 8 publications

(3 citation statements)

References 14 publications

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“…While Markusen (1975) extends the theory of corrective taxation when only one instrument is available to deal with multiple externalities simultaneously, Krutilla (1991) focuses on second‐best environmental taxes in the presenence of trade‐effects in an an open economy. We also build on the literature on regulation of multiple pollutants that interact in terms of environmental damages and abatement costs (Ambec & Coria, 2013, 2018; Caplan & Silva, 2005; Endres, 1985; Fullerton & Karney, 2018; Legras, 2011; Moslener & Requate, 2007; Repetto, 1987) or through markets (Ren et al, 2011). Early studies like Endres (1985) and Repetto (1987) focus on the control of several pollutants in a static framework while Moslener & Requate (2007) look at optimal abatement when pollutants interact dynamically.…”

Section: Framework and Related Literaturementioning

confidence: 99%

Taxing interacting externalities of ocean acidification, global warming, and eutrophication

Hänsel

Bergh

2021

Natural Resource Modeling

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We model a stylized economy dependent on agriculture and fisheries to study optimal environmental policy in the face of interacting external effects of ocean acidification, global warming, and eutrophication. This allows us to capture some of the latest insights from research on ocean acidification. Using a static two‐sector general equilibrium model we derive optimal rules for national taxes on CO 2 emissions and agricultural run‐off and show how they depend on both isolated and interacting damage effects. In addition, we derive a second‐best rule for a tax on agricultural run‐off of fertilizers for the realistic case that effective internalization of CO 2 externalities is lacking. The results contribute to a better understanding of the social costs of ocean acidification in coastal economies when there is interaction with other environmental stressors. Recommendations for Resource Managers: Marginal environmental damages from CO 2 emissions should be internalized by a tax on CO 2 emissions that is high enough to not only reflect marginal damages from temperature increases, but also marginal damages from ocean acidification and the interaction of both with regional sources of acidification like nutrient run‐off from agriculture. In the absence of serious national policies that fully internalize externalities, a sufficiently high tax on regional nutrient run‐off of fertilizers used in agricultural production can limit not only marginal environmental damages from nutrient run‐off but also account for unregulated carbon emissions. Putting such regional policies in place that consider multiple important drivers of environmental change will be of particular importance for developing coastal economies that are likely to suffer the most from ocean acidification.

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Section: Framework and Related Literaturementioning

confidence: 99%

Taxing interacting externalities of ocean acidification, global warming, and eutrophication

Hänsel

Bergh

2021

Natural Resource Modeling

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“…This could potentially lead to less co-benefits or higher environmental damages. For some key contributions on geoengineering and SRM in the environmental economics realm see Barrett (2008) most closely related to our model is Yang (2006) and Legras (2011). Yang (2006) analyzes a twocountry (North-South) model and employs a differential game theoretic approach of negatively correlated local and global stock externalities to derive efficiency conditions for a cooperative solution.…”

Section: Introductionmentioning

confidence: 99%

Clear Skies: Multi-Pollutant Climate Policy in the Presence of Global Dimming

McGinty

Vries

2023

Preprint

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“…However, there exist different types of correlations between atmospheric pollutants, since they can interact during or after the production process in various manners : complement or substitute abatement technologies, interactions between stocks, interacting damage, etc. A range of papers tackle this issue, framed in the context of GHG policy design, based on dynamic models of pollutant accumulation where the interactions between pollutants are described in different manners (Yang (2006); Requate (2007, 2009) ;Legras (2011)). However, they all point out to the importance of carefully characterizing the interactions between pollutants in the design of policy instruments.…”

Section: Introductionmentioning

confidence: 99%

Urban Structure and Environmental Externalities

Régnier

Legras

2017

Environ Resource Econ

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The objective of this paper is to analyze policy design for air pollution management in the spatial context of urban development. We base our analysis on the paper of Ogawa and Fujita (1982), which offers a proper theoretical framework of non-monocentric urban land use using static microeconomic theory where the city structure is endogenous. First, we show that when households internalize industrial pollution in their residential location choice, spatialization within the city is reinforced. This impacts directly the emissions of greenhouse gases from commuting. Then, we analyze policy instruments in order to achieve optimal land use pattern when the policy maker has to manage both industrial and commuting related polluting emissions, that interact through the land market.JEL classification : Q53, D62, R14

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Incomplete model specification in a multi-pollutants setting: The case of climate change and acidification

Cited by 8 publications

References 14 publications

Taxing interacting externalities of ocean acidification, global warming, and eutrophication

Taxing interacting externalities of ocean acidification, global warming, and eutrophication

Clear Skies: Multi-Pollutant Climate Policy in the Presence of Global Dimming

Urban Structure and Environmental Externalities

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