Energy Seminar: Climate policies after Paris: Pledge, Trade and Recycle - Christoph Böhringer
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Note: Stanford students, faculty, and staff are welcome to attend in person. All others may watch via livestream at:
This seminar will summarize insights from the 36th Energy Modeling Forum study (EMF36) on the magnitude and distribution of economic adjustment costs of greenhouse gas emission reduction targets. Under the Paris Agreement, countries have committed to emission reduction targets – so-called Nationally Determined Contributions (NDCs) – in order to combat global warming. The study suggests that aligning NDCs with the commonly agreed 2◦C temperature target will induce global economic costs of roughly 1% in 2030. However, these costs are unevenly distributed across regions. Countries exporting fossil fuels are most adversely affected from the transition towards a low-carbon economy. In order to reduce adjustment costs at the global and regional level, comprehensive emissions trading which exploits least-cost abatement options is strongly desirable to avoid contentious normative debates on equitable burden sharing. Lump-sum recycling of revenues from emissions pricing, in equal amounts to every household, appeals as an attractive strategy to mitigate regressive effects and thereby improving the social acceptability of stringent climate policy.
Christoph Böhringer is Professor of Economic Policy at the Carl von Ossietzky University in Oldenburg. After his graduation as an industrial engineer from the Technical University of Karlsruhe, he received a doctorate in economics at the University of Stuttgart in 1995, where he became head of the Energy Economics section at the Institute for Energy Economics and the Rational Use of Energy (IER). From 1999 to 2006, he led the department Environmental and Resource Economics, Environmental Management at the Leibniz Centre for European Economic Research (ZEW) in Mannheim. In 2002, he qualified as a professor in economics at the University of Regensburg and in 2004 became professor of economics at the University of Heidelberg. In early 2007, he moved from Heidelberg to Oldenburg, where he now holds the chair of Economic Policy. He is a research professor at the Centre for European Economic Research (ZEW, Mannheim), a Research Affiliate at the Centre for Energy Policy and Economics (CEPE, ETH Zürich), and a Research Network Fellow at the Center for Economic Studies (CESifo, München).
His research activities focus on the economic impact assessment of regulation, especially in the field of environmental, energy and climate policy. He is a world-leading expert in applied general equilibrium modeling, a powerful research method to quantify the economy-wide impacts of policy interference. His scientific findings have been published in many internationally renowned journals. Prof. Dr. Christoph Böhringer is advising governments and academic think tanks around the world on the design of energy and climate policies.