{"id":26334455,"url":"https://github.com/asjadnaqvi/climate-econ","last_synced_at":"2026-01-03T13:03:42.150Z","repository":{"id":65774680,"uuid":"430892796","full_name":"asjadnaqvi/climate-econ","owner":"asjadnaqvi","description":"A repository for tracking developments in the climate/environmental/ecological economics literature","archived":false,"fork":false,"pushed_at":"2022-10-06T12:37:05.000Z","size":641,"stargazers_count":59,"open_issues_count":0,"forks_count":14,"subscribers_count":3,"default_branch":"main","last_synced_at":"2025-03-10T06:34:46.327Z","etag":null,"topics":["causality","climate","ecological","economics","environment","literature"],"latest_commit_sha":null,"homepage":"","language":"TeX","has_issues":true,"has_wiki":null,"has_pages":null,"mirror_url":null,"source_name":null,"license":null,"status":null,"scm":"git","pull_requests_enabled":true,"icon_url":"https://github.com/asjadnaqvi.png","metadata":{"files":{"readme":"README.md","changelog":null,"contributing":null,"funding":null,"license":null,"code_of_conduct":null,"threat_model":null,"audit":null,"citation":null,"codeowners":null,"security":null,"support":null}},"created_at":"2021-11-22T23:09:44.000Z","updated_at":"2024-11-16T08:39:05.000Z","dependencies_parsed_at":"2023-02-09T08:25:11.453Z","dependency_job_id":null,"html_url":"https://github.com/asjadnaqvi/climate-econ","commit_stats":null,"previous_names":[],"tags_count":0,"template":false,"template_full_name":null,"repository_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/asjadnaqvi%2Fclimate-econ","tags_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/asjadnaqvi%2Fclimate-econ/tags","releases_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/asjadnaqvi%2Fclimate-econ/releases","manifests_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/asjadnaqvi%2Fclimate-econ/manifests","owner_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/owners/asjadnaqvi","download_url":"https://codeload.github.com/asjadnaqvi/climate-econ/tar.gz/refs/heads/main","host":{"name":"GitHub","url":"https://github.com","kind":"github","repositories_count":243806699,"owners_count":20350894,"icon_url":"https://github.com/github.png","version":null,"created_at":"2022-05-30T11:31:42.601Z","updated_at":"2022-07-04T15:15:14.044Z","host_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub","repositories_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories","repository_names_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repository_names","owners_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/owners"}},"keywords":["causality","climate","ecological","economics","environment","literature"],"created_at":"2025-03-16T00:19:03.278Z","updated_at":"2026-01-03T13:03:37.118Z","avatar_url":"https://github.com/asjadnaqvi.png","language":"TeX","funding_links":[],"categories":[],"sub_categories":[],"readme":"# Climate econ literature\n\nThis repository is maintained by: \n\n[Asjad Naqvi](https://github.com/asjadnaqvi) \n\nwith support from: \n\n*Stella Kaltenecker*, a 3rd year student at the [Vienna University of Economic and Business](https://www.wu.ac.at/) (Vienna, Austria) with specializations in economy, climate change and sustainability and in international marketing management.\n\nTopics are sorted below under broad thematic areas. This repository is still incompletely. It is constantly being updated and will eventually move to a decidated website.\n\nIf you would like to include your paper, or other papers, or your own bibliography collection, then PR in the [bibliography_submitted](/bibliography_submitted) folder please with a [.bib](https://www.overleaf.com/learn/latex/Bibliography_management_with_bibtex) file. Alternatively, you can also open an [Issue](https://github.com/asjadnaqvi/climate-econ/issues) with links to papers and resources.\n\n# Fiscal instruments \n\n## Carbon tax \n\nAdetutu, M. O., Odusanya, K. A., \u0026 Weyman-Jones, T. G. (2020). Carbon Tax and Energy Intensity: Assessing the Channels of Impact using UK Microdata. The Energy Journal, 41(2). https://doi.org/10.5547/01956574.41.2.made\n\nAndrade de Sá, S., \u0026 Daubanes, J. (2016). Limit pricing and the (in)effectiveness of the carbon tax. Journal of Public Economics, 139, 28–39. https://doi.org/10.1016/j.jpubeco.2016.04.006\n\nAustin, D., \u0026 Dinan, T. (2005). Clearing the air: The costs and consequences of higher CAFE standards and increased gasoline taxes. Journal of Environmental Economics and Management, 50(3), 562–582. https://doi.org/10.1016/j.jeem.2005.05.001\n\nBöhringer, C., Carbone, J. C., \u0026 Rutherford, T. F. (2016). The Strategic Value of Carbon Tariffs. American Economic Journal: Economic Policy, 8(1), 28–51. https://doi.org/10.1257/pol.20130327\n\nCarattini, S., Baranzini, A., Thalmann, P., Varone, F., \u0026 Vöhringer, F. (2017). Green Taxes in a Post-Paris World: Are Millions of Nays Inevitable? Environmental and Resource Economics, 68(1), 97–128. https://doi.org/10.1007/s10640-017-0133-8\n\nChiroleu-Assouline, M., \u0026 Fodha, M. (2014). From regressive pollution taxes to progressive environmental tax reforms. European Economic Review, 69, 126–142. https://doi.org/10.1016/j.euroecorev.2013.12.006\n\nConvery, F., McDonnell, S., \u0026 Ferreira, S. (2007). The most popular tax in Europe? Lessons from the Irish plastic bags levy. Environmental and Resource Economics, 38(1), 1–11. https://doi.org/10.1007/s10640-006-9059-2\n\nFremstad, A., \u0026 Paul, M. (2019). The Impact of a Carbon Tax on Inequality. Ecological Economics, 163, 88–97. https://doi.org/10.1016/j.ecolecon.2019.04.016\n\nGoulder, L. H., Hafstead, M. A. C., Kim, G., \u0026 Long, X. (2019). Impacts of a carbon tax across US household income groups: What are the equity-efficiency trade-offs? Journal of Public Economics, 175, 44–64. https://doi.org/10.1016/j.jpubeco.2019.04.002\n\nGrainger, C. A., \u0026 Kolstad, C. D. (2010). Who Pays a Price on Carbon? Environmental and Resource Economics, 46(3), 359–376. https://doi.org/10.1007/s10640-010-9345-x\n\nHagmann, D., Ho, E. H., \u0026 Loewenstein, G. (2019). Nudging out support for a carbon tax. Nature Climate Change, 9(6), 484–489. https://doi.org/10.1038/s41558-019-0474-0\n\nHepburn, C., Stern, N., \u0026 Stiglitz, J. E. (2020). “Carbon pricing” special issue in the European economic review. European Economic Review, 127, 103440. https://doi.org/10.1016/j.euroecorev.2020.103440\n\nLeslie, G. (2018). Tax induced emissions? Estimating short-run emission impacts from carbon taxation under different market structures. Journal of Public Economics, 167, 220–239. https://doi.org/10.1016/j.jpubeco.2018.09.010\n\nLin, B., \u0026 Li, X. (2011). The effect of carbon tax on per capita CO2 emissions. Energy Policy, 39(9), 5137–5146. https://doi.org/10.1016/j.enpol.2011.05.050\n\nMarron, D. B., \u0026 Toder, E. J. (2014). Tax Policy Issues in Designing a Carbon Tax. American Economic Review, 104(5), 563–568. https://doi.org/10.1257/aer.104.5.563\n\nMartin, R., de Preux, L. B., \u0026 Wagner, U. J. (2014). The impact of a carbon tax on manufacturing: Evidence from microdata. Journal of Public Economics, 117, 1–14. https://doi.org/10.1016/j.jpubeco.2014.04.016\n\nMetcalf, G. E. (2009). Designing a Carbon Tax to Reduce U.S. Greenhouse Gas Emissions. Review of Environmental Economics and Policy, 3(1), 63–83. https://doi.org/10.1093/reep/ren015\n\nNordhaus, W. D. (2007). To Tax or Not to Tax: Alternative Approaches to Slowing Global Warming. Review of Environmental Economics and Policy, 1(1), 26–44. https://doi.org/10.1093/reep/rem008\n\nSeifert, J., Uhrig-Homburg, M., \u0026 Wagner, M. (2008). Dynamic behavior of CO2 spot prices. Journal of Environmental Economics and Management, 56(2), 180–194. https://doi.org/10.1016/j.jeem.2008.03.003\n\nSummers, L. (2015, January 4). Let this be the year when we put a proper price on carbon. Financial Times.\n\nWorld Bank. (2014). State and Trends of Carbon Pricing 2014. The World Bank. https://doi.org/10.1596/978-1-4648-0268-3\n\nYamazaki, A. (2022). Environmental taxes and productivity: Lessons from Canadian manufacturing. Journal of Public Economics, 205, 104560. https://doi.org/10.1016/j.jpubeco.2021.104560\n\n\n\n## Climate Politics\n\nAbrell, J., Kosch, M., \u0026 Rausch, S. (2019). Carbon abatement with renewables: Evaluating wind and solar subsidies in Germany and Spain. Journal of Public Economics, 169, 172–202. https://doi.org/10.1016/j.jpubeco.2018.11.007\n\nAccordino, M. H., \u0026 Rajagopal, D. (2015). When a National Cap-and-Trade Policy with Carve-out Provision May Be Preferable to a National CO2 Tax. The Energy Journal, 36(3). https://doi.org/10.5547/01956574.36.3.macc\n\nAichele, R., \u0026 Felbermayr, G. (2012). Kyoto and the carbon footprint of nations. Journal of Environmental Economics and Management, 63(3), 336–354. https://doi.org/10.1016/j.jeem.2011.10.005\n\nAklin, M., \u0026 Mildenberger, M. (2020). Prisoners of the Wrong Dilemma: Why Distributive Conflict, Not Collective Action, Characterizes the Politics of Climate Change. Global Environmental Politics, 20(4), 4–27. https://doi.org/10.1162/glep_a_00578\n\nAlbrizio, S., Kozluk, T., \u0026 Zipperer, V. (2017). Environmental policies and productivity growth: Evidence across industries and firms. Journal of Environmental Economics and Management, 81, 209–226. https://doi.org/10.1016/j.jeem.2016.06.002\n\nAldy, J. E., Krupnick, A. J., Newell, R. G., Parry, I. W. H., \u0026 Pizer, W. A. (2010). Designing Climate Mitigation Policy. Journal of Economic Literature, 48(4), 903–934. https://doi.org/10.1257/jel.48.4.903\n\nAmbec, S., Cohen, M. A., Elgie, S., \u0026 Lanoie, P. (2013). The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness? Review of Environmental Economics and Policy, 7(1), 2–22. https://doi.org/10.1093/reep/res016\n\nArimura, T. H., Hibiki, A., \u0026 Katayama, H. (2008). Is a voluntary approach an effective environmental policy instrument? Journal of Environmental Economics and Management, 55(3), 281–295. https://doi.org/10.1016/j.jeem.2007.09.002\n\nAuty, R. M. (2001). The political economy of resource-driven growth. European Economic Review, 45(4–6), 839–846. https://doi.org/10.1016/S0014-2921(01)00126-X\n\nBenke, K., \u0026 Tomkins, B. (2017). Future food-production systems: vertical farming and controlled-environment agriculture. Sustainability: Science, Practice and Policy, 13(1), 13–26. https://doi.org/10.1080/15487733.2017.1394054\n\nBennear, L. S., \u0026 Stavins, R. N. (2007). Second-best theory and the use of multiple policy instruments. Environmental and Resource Economics, 37(1), 111–129. https://doi.org/10.1007/s10640-007-9110-y\n\nBerman, E., \u0026 Bui, L. T. M. (2001). Environmental Regulation and Productivity: Evidence from Oil Refineries. Review of Economics and Statistics, 83(3), 498–510. https://doi.org/10.1162/00346530152480144\n\nBernardo, V., Fageda, X., \u0026 Flores-Fillol, R. (2021). Pollution and congestion in urban areas: The effects of low emission zones. Economics of Transportation, 26–27, 100221. https://doi.org/10.1016/j.ecotra.2021.100221\n\nBohringer, C. (2002). Climate Politics from Kyoto to Bonn: From Little to Nothing? The Energy Journal, 23(2). https://doi.org/10.5547/ISSN0195-6574-EJ-Vol23-No2-2\n\nBreetz, H., Mildenberger, M., \u0026 Stokes, L. (2018). The political logics of clean energy transitions. Business and Politics, 20(4), 492–522. https://doi.org/10.1017/bap.2018.14\n\nCao, S., Zhong, B., Yue, H., Zeng, H., \u0026 Zeng, J. (2009). Development and testing of a sustainable environmental restoration policy on eradicating the poverty trap in China’s Changting County. Proceedings of the National Academy of Sciences, 106(26), 10712–10716. https://doi.org/10.1073/pnas.0900197106\n\nCharpentier, A., \u0026 le Maux, B. (2014). Natural catastrophe insurance: How should the government intervene? Journal of Public Economics, 115, 1–17. https://doi.org/10.1016/j.jpubeco.2014.03.004\n\nCiccarelli, M., \u0026 Marotta, F. (2021). Demand or Supply? An Empirical Exploration of the Effects of Climate Change on the Macroeconomy. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3943014\n\nClaudet, J., Bopp, L., Cheung, W. W. L., Devillers, R., Escobar-Briones, E., Haugan, P., Heymans, J. J., Masson-Delmotte, V., Matz-Lück, N., Miloslavich, P., Mullineaux, L., Visbeck, M., Watson, R., Zivian, A. M., Ansorge, I., Araujo, M., Aricò, S., Bailly, D., Barbière, J., … Gaill, F. (2020). A Roadmap for Using the UN Decade of Ocean Science for Sustainable Development in Support of Science, Policy, and Action. One Earth, 2(1), 34–42. https://doi.org/10.1016/j.oneear.2019.10.012\n\nCoady, D., Parry, I., Sears, L., \u0026 Shang, B. (2017). How Large Are Global Fossil Fuel Subsidies? World Development, 91, 11–27. https://doi.org/10.1016/j.worlddev.2016.10.004\n\nColgan, J. D., Green, J. F., \u0026 Hale, T. N. (2021). Asset Revaluation and the Existential Politics of Climate Change. International Organization, 75(2), 586–610. https://doi.org/10.1017/S0020818320000296\n\nCurrie, J., \u0026 Walker, R. (2019). What Do Economists Have to Say about the Clean Air Act 50 Years after the Establishment of the Environmental Protection Agency? Journal of Economic Perspectives, 33(4), 3–26. https://doi.org/10.1257/jep.33.4.3\n\nde Area Leão Pereira, E. J., Silveira Ferreira, P. J., de Santana Ribeiro, L. C., Sabadini Carvalho, T., \u0026 de Barros Pereira, H. B. (2019). Policy in Brazil (2016–2019) threaten conservation of the Amazon rainforest. Environmental Science \u0026 Policy, 100, 8–12. https://doi.org/10.1016/j.envsci.2019.06.001\n\nDechezleprêtre, A., \u0026 Sato, M. (2017). The Impacts of Environmental Regulations on Competitiveness. Review of Environmental Economics and Policy, 11(2), 183–206. https://doi.org/10.1093/reep/rex013\n\nDechezleprêtre, A., Fabre, A., Kruse, T., Planterose, B., Chico, A. S., \u0026 Stantcheva, S. (2022). Fighting Climate Change: International Attitudes Toward Climate Policies *.\n\nDietz, S., \u0026 Venmans, F. (2019). Cumulative carbon emissions and economic policy: In search of general principles. Journal of Environmental Economics and Management, 96, 108–129. https://doi.org/10.1016/j.jeem.2019.04.003\n\nDongyu, Q., Georgieva, K., Malpass, D., Beasely, D., \u0026 Okonjo-Iweala, N. (2022). Joint Statement by the Heads of the Food and Agriculture Organization, International Monetary Fund, World Bank Group, World Food Programme, and World Trade Organization on the Global Food Security Crisis.\n\nEasterly, W. (2009). How the Millennium Development Goals are Unfair to Africa. World Development, 37(1), 26–35. https://doi.org/10.1016/j.worlddev.2008.02.009\n\nFarmer, J. D., Hepburn, C., Mealy, P., \u0026 Teytelboym, A. (2015). A Third Wave in the Economics of Climate Change. Environmental and Resource Economics, 62(2), 329–357. https://doi.org/10.1007/s10640-015-9965-2\n\nFischer, C., \u0026 Newell, R. G. (2008). Environmental and technology policies for climate mitigation. Journal of Environmental Economics and Management, 55(2), 142–162. https://doi.org/10.1016/j.jeem.2007.11.001\n\nFischer, C., Parry, I. W. H., \u0026 Pizer, W. A. (2003). Instrument choice for environmental protection when technological innovation is endogenous. Journal of Environmental Economics and Management, 45(3), 523–545. https://doi.org/10.1016/S0095-0696(03)00002-0\n\nFrank, S., Chegwidden, O. (2022). Why climate data matters to climate-related financial risk assessments.\n\nGans, J. S. (2012). Innovation and Climate Change Policy. American Economic Journal: Economic Policy, 4(4), 125–145. https://doi.org/10.1257/pol.4.4.125\n\nGoulder, L. H., \u0026 Parry, I. W. H. (2008). Instrument Choice in Environmental Policy. Review of Environmental Economics and Policy, 2(2), 152–174. https://doi.org/10.1093/reep/ren005\n\nGoulder, L. H., \u0026 Stavins, R. N. (2011). Challenges from State-Federal Interactions in US Climate Change Policy. American Economic Review, 101(3), 253–257. https://doi.org/10.1257/aer.101.3.253\n\nGreen, J. F. (2021). Does carbon pricing reduce emissions? A review of ex-post analyses. Environmental Research Letters, 16(4), 043004. https://doi.org/10.1088/1748-9326/abdae9\n\nGreve, H., \u0026 Lay, J. (2022). “Stepping down the ladder”: The impacts of fossil fuel subsidy removal in a developing country. Journal of the Association of Environmental and Resource Economists. https://doi.org/10.1086/721375\n\nHaan, P., \u0026 Simmler, M. (2018). Wind electricity subsidies — A windfall for landowners? Evidence from a feed-in tariff in Germany. Journal of Public Economics, 159, 16–32. https://doi.org/10.1016/j.jpubeco.2018.01.011\n\nHe, G., Wang, S., \u0026 Zhang, B. (2020). Watering Down Environmental Regulation in China*. The Quarterly Journal of Economics, 135(4), 2135–2185. https://doi.org/10.1093/qje/qjaa024\n\nJaffe, A. B., Newell, R. G., \u0026 Stavins, R. N. (2002). Environmental Policy and Technological Change. Environmental and Resource Economics, 22(1/2), 41–70. https://doi.org/10.1023/A:1015519401088\n\nJenkins, J. D. (2014). Political economy constraints on carbon pricing policies: What are the implications for economic efficiency, environmental efficacy, and climate policy design? Energy Policy, 69, 467–477. https://doi.org/10.1016/j.enpol.2014.02.003\n\nJohnstone, N., Haščič, I., \u0026 Popp, D. (2010). Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts. Environmental and Resource Economics, 45(1), 133–155. https://doi.org/10.1007/s10640-009-9309-1\n\nKahn, M. E., Li, P., \u0026 Zhao, D. (2015). Water Pollution Progress at Borders: The Role of Changes in China’s Political Promotion Incentives. American Economic Journal: Economic Policy, 7(4), 223–242. https://doi.org/10.1257/pol.20130367\n\nKallbekken, S., \u0026 Westskog, H. (2005). Should Developing Countries Take on Binding Commitments in a Climate Agreement? An Assessment of Gains and Uncertainty. The Energy Journal, 26(3). https://doi.org/10.5547/ISSN0195-6574-EJ-Vol26-No3-2\n\nKersting, J., Duscha, V., \u0026 Weitzel, M. (2017). Cooperation on Climate Change under Economic Linkages: How the Inclusion of Macroeconomic Effects Affects Stability of a Global Climate Coalition. The Energy Journal, 38(4). https://doi.org/10.5547/01956574.38.4.jker\n\nKlepper, G., \u0026 Peterson, S. (2006). Emissions Trading, CDM, JI, and More: The Climate Strategy of the EU. The Energy Journal, 27(2). https://doi.org/10.5547/ISSN0195-6574-EJ-Vol27-No2-1\n\nKöberle, A. C., Vandyck, T., Guivarch, C., \u0026 Rogelj, J. (2022). Guest post: Why estimates of the ‘cost’ of climate action are overly pessimistic. Carbon Brief - Clear on Climate .\n\nKyle, P., Clarke, L., Rong, F., \u0026 Smith, S. J. (2010). Climate Policy and the Long-Term Evolution of the U.S. Buildings Sector. The Energy Journal, 31(2). https://doi.org/10.5547/ISSN0195-6574-EJ-Vol31-No2-6\n\nLi, H., Zhu, X., Chen, J., \u0026 Jiang, F. (2019). Environmental regulations, environmental governance efficiency and the green transformation of China’s iron and steel enterprises. Ecological Economics, 165, 106397. https://doi.org/10.1016/j.ecolecon.2019.106397\n\nLiu, H., Wang, Y., Shi, X., \u0026 Pang, L. (2022). How do environmental policies affect capital market reactions? Evidence from China’s construction waste treatment policy. Ecological Economics, 198, 107461. https://doi.org/10.1016/j.ecolecon.2022.107461\n\nLiu, J., Li, S., Ouyang, Z., Tam, C., \u0026 Chen, X. (2008). Ecological and socioeconomic effects of China’s policies for ecosystem services. Proceedings of the National Academy of Sciences, 105(28), 9477–9482. https://doi.org/10.1073/pnas.0706436105\n\nMastini, R., Kallis, G., \u0026 Hickel, J. (2021). A Green New Deal without growth? Ecological Economics, 179, 106832. https://doi.org/10.1016/j.ecolecon.2020.106832\n\nMeckling, J., Kelsey, N., Biber, E., \u0026 Zysman, J. (2015). Winning coalitions for climate policy. Science, 349(6253), 1170–1171. https://doi.org/10.1126/science.aab1336\n\nMiola, A., \u0026 Schiltz, F. (2019). Measuring sustainable development goals performance: How to monitor policy action in the 2030 Agenda implementation? Ecological Economics, 164, 106373. https://doi.org/10.1016/j.ecolecon.2019.106373\n\nMoyer, J. D., \u0026 Hedden, S. (2020). Are we on the right path to achieve the sustainable development goals? World Development, 127, 104749. https://doi.org/10.1016/j.worlddev.2019.104749\n\nNordhaus, W. (2015). Climate Clubs: Overcoming Free-riding in International Climate Policy. American Economic Review, 105(4), 1339–1370. https://doi.org/10.1257/aer.15000001\n\nOuyang, X., Li, Q., \u0026 Du, K. (2020). How does environmental regulation promote technological innovations in the industrial sector? Evidence from Chinese provincial panel data. Energy Policy, 139, 111310. https://doi.org/10.1016/j.enpol.2020.111310\n\nOverland, I., Sagbakken, H. F., Chan, H.-Y., Merdekawati, M., Suryadi, B., Utama, N. A., \u0026 Vakulchuk, R. (2021). The ASEAN climate and energy paradox. Energy and Climate Change, 2, 100019. https://doi.org/10.1016/j.egycc.2020.100019\n\nParnell, S. (2016). Defining a Global Urban Development Agenda. World Development, 78, 529–540. https://doi.org/10.1016/j.worlddev.2015.10.028\n\nPerdana, S., \u0026 Tyers, R. (2020). Global Climate Change Mitigation: Strategic Incentives. The Energy Journal, 41(3). https://doi.org/10.5547/01956574.41.3.sper\n\nPrasad, A., Loukoianova, E., Feng, A. X., \u0026 Oman, W. (2022). CLIMATE CLIMATE Mobilizing Private Climate Financing in Emerging Market and Developing Economies.\n\nRodrik, D. (2014). Green industrial policy. Oxford Review of Economic Policy, 30(3), 469–491. https://doi.org/10.1093/oxrep/gru025\n\nRose, A., \u0026 Oladosu, G. (2002). Greenhouse Gas Reduction Policy in the United States: Identifying Winners and Losers in an Expanded Permit Trading System. The Energy Journal, 23(1). https://doi.org/10.5547/ISSN0195-6574-EJ-Vol23-No1-1\n\nScarlat, N., Dallemand, J.-F., Monforti-Ferrario, F., \u0026 Nita, V. (2015). The role of biomass and bioenergy in a future bioeconomy: Policies and facts. Environmental Development, 15, 3–34. https://doi.org/10.1016/j.envdev.2015.03.006\n\nStern, N. (2018). Public economics as if time matters: Climate change and the dynamics of policy. Journal of Public Economics, 162, 4–17. https://doi.org/10.1016/j.jpubeco.2018.03.006\n\nStiglitz, J. E. (2019). Addressing climate change through price and non-price interventions. European Economic Review, 119, 594–612. https://doi.org/10.1016/j.euroecorev.2019.05.007\n\nUmar, M., Ji, X., Kirikkaleli, D., \u0026 Xu, Q. (2020). COP21 Roadmap: Do innovation, financial development, and transportation infrastructure matter for environmental sustainability in China? Journal of Environmental Management, 271, 111026. https://doi.org/10.1016/j.jenvman.2020.111026\n\nvan der Ploeg, F., \u0026 Withagen, C. (2012). Is there really a green paradox? Journal of Environmental Economics and Management, 64(3), 342–363. https://doi.org/10.1016/j.jeem.2012.08.002\n\nViard, V. B., \u0026 Fu, S. (2015). The effect of Beijing’s driving restrictions on pollution and economic activity. Journal of Public Economics, 125, 98–115. https://doi.org/10.1016/j.jpubeco.2015.02.003\n\nWang, Y., Sun, X., \u0026 Guo, X. (2019). Environmental regulation and green productivity growth: Empirical evidence on the Porter Hypothesis from OECD industrial sectors. Energy Policy, 132, 611–619. https://doi.org/10.1016/j.enpol.2019.06.016\n\nWebster, M. (2002). The Curious Role of “Learning” in Climate Policy: Should We Wait for More Data? 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W., Christensen, L., Eckley, N., Kasperson, J. X., Luers, A., Martello, M. L., Polsky, C., Pulsipher, A., \u0026 Schiller, A. (2003). A framework for vulnerability analysis in sustainability science. Proceedings of the National Academy of Sciences, 100(14), 8074–8079. https://doi.org/10.1073/pnas.1231335100\n\nWiek, A., Ness, B., Schweizer-Ries, P., Brand, F. S., \u0026 Farioli, F. (2012). From complex systems analysis to transformational change: a comparative appraisal of sustainability science projects. Sustainability Science, 7(S1), 5–24. https://doi.org/10.1007/s11625-011-0148-y\n\nZafar, M. W., Zaidi, S. A. H., Khan, N. R., Mirza, F. M., Hou, F., \u0026 Kirmani, S. A. A. (2019). The impact of natural resources, human capital, and foreign direct investment on the ecological footprint: The case of the United States. Resources Policy, 63, 101428. https://doi.org/10.1016/j.resourpol.2019.101428\n\n\n\n# Greening private and public finance\n\n## Central banks and green investments \n\nBreitenfellner, A., Pointner, W., \u0026 Schuberth, H. (2019). The potential contribution of central banks to green finance. Vierteljahrshefte Zur Wirtschaftsforschung, 88(2), 55–71. https://doi.org/10.3790/vjh.88.2.55\n\nDanmarks Nationalbank. (2021). Climate change and the role of central banks.(https://www.nationalbanken.dk/en/publications/Documents/2021/07/ANALYSIS_No.%2019_Climate%20change%20and%20the%20role%20of%20central%20banks.pdf)\n\nDemena, B. A., \u0026 Afesorgbor, S. K. (2020). The effect of FDI on environmental emissions: Evidence from a meta-analysis. Energy Policy, 138, 111192. https://doi.org/10.1016/j.enpol.2019.111192\n\nDikau, S., \u0026 Volz, U. (2021). Central bank mandates, sustainability objectives and the promotion of green finance. Ecological Economics, 184, 107022. https://doi.org/10.1016/j.ecolecon.2021.107022\n\nLan, J., Kakinaka, M., \u0026 Huang, X. (2012). Foreign Direct Investment, Human Capital and Environmental Pollution in China. Environmental and Resource Economics, 51(2), 255–275. https://doi.org/10.1007/s10640-011-9498-2\n\nLi, Z.-Z., Li, R. Y. M., Malik, M. Y., Murshed, M., Khan, Z., \u0026 Umar, M. (2021). Determinants of Carbon Emission in China: How Good is Green Investment? Sustainable Production and Consumption, 27, 392–401. https://doi.org/10.1016/j.spc.2020.11.008\n\nNasir, M. A., Duc Huynh, T. L., \u0026 Xuan Tram, H. T. (2019). Role of financial development, economic growth \u0026 foreign direct investment in driving climate change: A case of emerging ASEAN. Journal of Environmental Management, 242, 131–141. https://doi.org/10.1016/j.jenvman.2019.03.112\n\nWagner, U. J., \u0026 Timmins, C. D. (2009). Agglomeration Effects in Foreign Direct Investment and the Pollution Haven Hypothesis. Environmental and Resource Economics, 43(2), 231–256. https://doi.org/10.1007/s10640-008-9236-6\n\nXing, Y., \u0026 Kolstad, C. D. (2002). Do Lax Environmental Regulations Attract Foreign Investment? Environmental and Resource Economics, 21(1), 1–22. https://doi.org/10.1023/A:1014537013353\n\nZhang, D., Mohsin, M., Rasheed, A. K., Chang, Y., \u0026 Taghizadeh-Hesary, F. (2021). Public spending and green economic growth in BRI region: Mediating role of green finance. Energy Policy, 153, 112256. https://doi.org/10.1016/j.enpol.2021.112256\n\nZugravu-Soilita, N. (2017). How does Foreign Direct Investment Affect Pollution? Toward a Better Understanding of the Direct and Conditional Effects. Environmental and Resource Economics, 66(2), 293–338. https://doi.org/10.1007/s10640-015-9950-9\n\n*   Central banks should not mandate 'green' investments: Raghuram Rajan (https://www.reuters.com/world/india/central-banks-should-not-mandate-green-investments-raghuram-rajan-2021-08-26/)\n\n\n\n# Innovation and industrial development\n\n## energy \n\nAbrell, J., Rausch, S., \u0026 Streitberger, C. (2019). The economics of renewable energy support. Journal of Public Economics, 176, 94–117. https://doi.org/10.1016/j.jpubeco.2019.06.002\n\nAdetutu, M. O., Odusanya, K. A., \u0026 Weyman-Jones, T. G. (2020). Carbon Tax and Energy Intensity: Assessing the Channels of Impact using UK Microdata. The Energy Journal, 41(2). https://doi.org/10.5547/01956574.41.2.made\n\nAlimujiang, A., \u0026 Jiang, P. (2020). Synergy and co-benefits of reducing CO2 and air pollutant emissions by promoting electric vehicles—A case of Shanghai. Energy for Sustainable Development, 55, 181–189. https://doi.org/10.1016/j.esd.2020.02.005\n\nAllcott, H., Mullainathan, S., \u0026 Taubinsky, D. (2014). Energy policy with externalities and internalities. Journal of Public Economics, 112, 72–88. https://doi.org/10.1016/j.jpubeco.2014.01.004\n\nArto, I., Capellán-Pérez, I., Lago, R., Bueno, G., \u0026 Bermejo, R. (2016). The energy requirements of a developed world. Energy for Sustainable Development, 33, 1–13. https://doi.org/10.1016/j.esd.2016.04.001\n\nBahn, O., de Bruin, K., \u0026 Fertel, C. (2019). Will Adaptation Delay the Transition to Clean Energy Systems? An Analysis with AD-MERGE. The Energy Journal, 40(4). https://doi.org/10.5547/01956574.40.4.obah\n\nCherp, A., \u0026 Jewell, J. (2014). The concept of energy security: Beyond the four As. Energy Policy, 75, 415–421. https://doi.org/10.1016/j.enpol.2014.09.005\n\nChu, S., \u0026 Majumdar, A. (2012). Opportunities and challenges for a sustainable energy future. Nature, 488(7411), 294–303. https://doi.org/10.1038/nature11475\n\nde Oliveira, G., \u0026 Lima, G. T. (2022). Economic growth as a double-edged sword: The pollution-adjusted Kaldor-Verdoorn effect. Ecological Economics, 199, 107449. https://doi.org/10.1016/j.ecolecon.2022.107449\n\nDestek, M. A., \u0026 Sinha, A. (2020). Renewable, non-renewable energy consumption, economic growth, trade openness and ecological footprint: Evidence from organisation for economic Co-operation and development countries. Journal of Cleaner Production, 242, 118537. https://doi.org/10.1016/j.jclepro.2019.118537\n\nDu, K., \u0026 Li, J. (2019). Towards a green world: How do green technology innovations affect total-factor carbon productivity. Energy Policy, 131, 240–250. https://doi.org/10.1016/j.enpol.2019.04.033\n\nFowlie, M., Greenstone, M., \u0026 Wolfram, C. (2018). Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program*. The Quarterly Journal of Economics, 133(3), 1597–1644. https://doi.org/10.1093/qje/qjy005\n\nGerbens-Leenes, W., Hoekstra, A. Y., \u0026 van der Meer, T. H. (2009). The water footprint of bioenergy. Proceedings of the National Academy of Sciences, 106(25), 10219–10223. https://doi.org/10.1073/pnas.0812619106\n\nGillingham, K., Rapson, D., \u0026 Wagner, G. (2016). The Rebound Effect and Energy Efficiency Policy. Review of Environmental Economics and Policy, 10(1), 68–88. https://doi.org/10.1093/reep/rev017\n\nGolub, A., Govorukha, K., Mayer, P., \u0026 Rübbelke, D. (2022). Climate Change and the Vulnerability of Germany’s Power Sector to Heat and Drought. The Energy Journal, 43(3). https://doi.org/10.5547/01956574.43.3.agol\n\nHall, C. A. S., Lambert, J. G., \u0026 Balogh, S. B. (2014). EROI of different fuels and the implications for society. Energy Policy, 64, 141–152. https://doi.org/10.1016/j.enpol.2013.05.049\n\nHarjanne, A., \u0026 Korhonen, J. M. (2019). Abandoning the concept of renewable energy. Energy Policy, 127, 330–340. https://doi.org/10.1016/j.enpol.2018.12.029\n\nHolland, S. P., \u0026 Mansur, E. T. (2008). Is Real-Time Pricing Green? The Environmental Impacts of Electricity Demand Variance. Review of Economics and Statistics, 90(3), 550–561. https://doi.org/10.1162/rest.90.3.550\n\nInês, C., Guilherme, P. L., Esther, M.-G., Swantje, G., Stephen, H., \u0026 Lars, H. (2020). Regulatory challenges and opportunities for collective renewable energy prosumers in the EU. Energy Policy, 138, 111212. https://doi.org/10.1016/j.enpol.2019.111212\n\nKammen, D. M., \u0026 Sunter, D. A. (2016). City-integrated renewable energy for urban sustainability. Science, 352(6288), 922–928. https://doi.org/10.1126/science.aad9302\n\nKunze, C., \u0026 Becker, S. (2015). Collective ownership in renewable energy and opportunities for sustainable degrowth. Sustainability Science, 10(3), 425–437. https://doi.org/10.1007/s11625-015-0301-0\n\nLacey-Barnacle, M., Robison, R., \u0026 Foulds, C. (2020). Energy justice in the developing world: a review of theoretical frameworks, key research themes and policy implications. Energy for Sustainable Development, 55, 122–138. https://doi.org/10.1016/j.esd.2020.01.010\n\nLange, S., Pohl, J., \u0026 Santarius, T. (2020). Digitalization and energy consumption. Does ICT reduce energy demand? Ecological Economics, 176, 106760. https://doi.org/10.1016/j.ecolecon.2020.106760\n\nLovering, J. R., Yip, A., \u0026 Nordhaus, T. (2016). Historical construction costs of global nuclear power reactors. Energy Policy, 91, 371–382. https://doi.org/10.1016/j.enpol.2016.01.011\n\nMillward-Hopkins, J., Steinberger, J. K., Rao, N. D., \u0026 Oswald, Y. (2020). Providing decent living with minimum energy: A global scenario. Global Environmental Change, 65, 102168. https://doi.org/10.1016/j.gloenvcha.2020.102168\n\nNesta, L., Vona, F., \u0026 Nicolli, F. (2014). Environmental policies, competition and innovation in renewable energy. Journal of Environmental Economics and Management, 67(3), 396–411. https://doi.org/10.1016/j.jeem.2014.01.001\n\nNykvist, B., \u0026 Nilsson, M. (2015). Rapidly falling costs of battery packs for electric vehicles. Nature Climate Change, 5(4), 329–332. https://doi.org/10.1038/nclimate2564\n\nParag, Y., \u0026 Ainspan, M. (2019). Sustainable microgrids: Economic, environmental and social costs and benefits of microgrid deployment. Energy for Sustainable Development, 52, 72–81. https://doi.org/10.1016/j.esd.2019.07.003\n\nPliousis, A., Andriosopoulos, K., Doumpos, M., \u0026 Galariotis, E. (2019). A Multicriteria Assessment Approach to the Energy Trilemma. The Energy Journal, 40(01). https://doi.org/10.5547/01956574.40.SI1.apli\n\nRamanan P, Kalidasa Murugavel K, \u0026 Karthick A. (2019). Performance analysis and energy metrics of grid-connected photovoltaic systems. Energy for Sustainable Development, 52, 104–115. https://doi.org/10.1016/j.esd.2019.08.001\n\nRichmond, A. K., \u0026 Kaufmann, R. K. (2006). Energy Prices and Turning Points: The Relationship between Income and Energy Use/Carbon Emissions. The Energy Journal, 27(4). https://doi.org/10.5547/ISSN0195-6574-EJ-Vol27-No4-7\n\nRivers, N., \u0026 Shaffer, B. (2020). Stretching the Duck: How Rising Temperatures will Change the Level and Shape of Future Electricity Consumption. The Energy Journal, 41(01). https://doi.org/10.5547/01956574.41.5.nriv\n\nRogelj, J., Luderer, G., Pietzcker, R. C., Kriegler, E., Schaeffer, M., Krey, V., \u0026 Riahi, K. (2015). Energy system transformations for limiting end-of-century warming to below 1.5 °C. Nature Climate Change, 5(6), 519–527. https://doi.org/10.1038/nclimate2572\n\nsaint Akadiri, S., Alola, A. A., Akadiri, A. C., \u0026 Alola, U. V. (2019). Renewable energy consumption in EU-28 countries: Policy toward pollution mitigation and economic sustainability. Energy Policy, 132, 803–810. https://doi.org/10.1016/j.enpol.2019.06.040\n\nSchmalensee, R. (2012). Evaluating Policies to Increase Electricity Generation from Renewable Energy. Review of Environmental Economics and Policy, 6(1), 45–64. https://doi.org/10.1093/reep/rer020\n\nSharif, A., Baris-Tuzemen, O., Uzuner, G., Ozturk, I., \u0026 Sinha, A. (2020). Revisiting the role of renewable and non-renewable energy consumption on Turkey’s ecological footprint: Evidence from Quantile ARDL approach. Sustainable Cities and Society, 57, 102138. https://doi.org/10.1016/j.scs.2020.102138\n\nSöderholm, P., \u0026 Klaassen, G. (2007). Wind Power in Europe: A Simultaneous Innovation–Diffusion Model. Environmental and Resource Economics, 36(2), 163–190. https://doi.org/10.1007/s10640-006-9025-z\n\nSteckel, J. C., \u0026 Jakob, M. (2022). To end coal, adapt to regional realities. Nature, 607(7917), 29–31. https://doi.org/10.1038/d41586-022-01828-3\n\nSun, H., Edziah, B. K., Sun, C., \u0026 Kporsu, A. K. (2019). Institutional quality, green innovation and energy efficiency. Energy Policy, 135, 111002. https://doi.org/10.1016/j.enpol.2019.111002\n\nUddin, K., Dubarry, M., \u0026 Glick, M. B. (2018). The viability of vehicle-to-grid operations from a battery technology and policy perspective. Energy Policy, 113, 342–347. https://doi.org/10.1016/j.enpol.2017.11.015\n\nvan Benthem, A. A., Crooks, E., Giglio, S., Schwob, E., \u0026 Stroebel, J. (2022). The effect of climate risks on the interactions between financial markets and energy companies. Nature Energy. https://doi.org/10.1038/s41560-022-01070-1\n\nvan den Bergh, J. C. J. M. (2011). Energy Conservation More Effective With Rebound Policy. Environmental and Resource Economics, 48(1), 43–58. https://doi.org/10.1007/s10640-010-9396-z\n\nXu, X., Wei, Z., Ji, Q., Wang, C., \u0026 Gao, G. (2019). Global renewable energy development: Influencing factors, trend predictions and countermeasures. Resources Policy, 63, 101470. https://doi.org/10.1016/j.resourpol.2019.101470\n\nYin, D., \u0026 Chang, Y. (2020). Energy R\u0026D Investments and Emissions Abatement Policy. The Energy Journal, 41(01). https://doi.org/10.5547/01956574.41.6.dyin\n\n\n\n## Stranded assets\n\nAnsari, D., \u0026 Holz, F. (2020). Between stranded assets and green transformation: Fossil-fuel-producing developing countries towards 2055. World Development, 130, 104947. https://doi.org/10.1016/j.worlddev.2020.104947\n\nBos, K., \u0026 Gupta, J. (2019). Stranded assets and stranded resources: Implications for climate change mitigation and global sustainable development. Energy Research \u0026 Social Science, 56, 101215. https://doi.org/10.1016/j.erss.2019.05.025\n\nCahen-Fourot, L., Campiglio, E., Godin, A., Kemp-Benedict, E., \u0026 Trsek, S. (2021). Capital stranding cascades: The impact of decarbonisation on productive asset utilisation. Energy Economics, 103, 105581. https://doi.org/10.1016/j.eneco.2021.105581\n\nCaldecott, B., Harnett, E., Cojoianu, T., Kok, I., \u0026 Pfeiffer, A. (2016). Stranded Assets: A Climate Risk Challenge.\n\nCaldecott, B. (2017). Introduction to special issue: stranded assets and the environment. Journal of Sustainable Finance \u0026 Investment, 7(1), 1–13. https://doi.org/10.1080/20430795.2016.1266748\n\nCaldecott, B., Kruitwagen, L., Dericks, G., Tulloch, D. J., Kok, I., \u0026 Mitchell, J. (2016). Stranded Assets and Thermal Coal: An Analysis of Environment-Related Risk Exposure. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2724550\n\nCurtin, J., McInerney, C., Ó Gallachóir, B., Hickey, C., Deane, P., \u0026 Deeney, P. (2019). Quantifying stranding risk for fossil fuel assets and implications for renewable energy investment: A review of the literature. Renewable and Sustainable Energy Reviews, 116, 109402. https://doi.org/10.1016/j.rser.2019.109402\n\nFarfan, J., \u0026 Breyer, C. (2017). Structural changes of global power generation capacity towards sustainability and the risk of stranded investments supported by a sustainability indicator. Journal of Cleaner Production, 141, 370–384. https://doi.org/10.1016/j.jclepro.2016.09.068\n\nGreen, J., \u0026 Newman, P. (2017). Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy. Journal of Sustainable Finance \u0026 Investment, 7(2), 169–187. https://doi.org/10.1080/20430795.2016.1265410\n\nLöffler, K., Burandt, T., Hainsch, K., \u0026 Oei, P.-Y. (2019). Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem. Energy Strategy Reviews, 26, 100422. https://doi.org/10.1016/j.esr.2019.100422\n\nMercure, J.-F., Pollitt, H., Viñuales, J. E., Edwards, N. R., Holden, P. B., Chewpreecha, U., Salas, P., Sognnaes, I., Lam, A., \u0026 Knobloch, F. (2018). Macroeconomic impact of stranded fossil fuel assets. Nature Climate Change, 8(7), 588–593. https://doi.org/10.1038/s41558-018-0182-1\n\nRozenberg, J., Vogt-Schilb, A., \u0026 Hallegatte, S. (2020). Instrument choice and stranded assets in the transition to clean capital. Journal of Environmental Economics and Management, 100, 102183. https://doi.org/10.1016/j.jeem.2018.10.005\n\nSilver, N. (2017). Blindness to risk: why institutional investors ignore the risk of stranded assets. Journal of Sustainable Finance \u0026 Investment, 7(1), 99–113. https://doi.org/10.1080/20430795.2016.1207996\n\nSovacool, B. K., \u0026 Scarpaci, J. (2016). Energy justice and the contested petroleum politics of stranded assets: Policy insights from the Yasuní-ITT Initiative in Ecuador. Energy Policy, 95, 158–171. https://doi.org/10.1016/j.enpol.2016.04.045\n\nvan der Ploeg, F., \u0026 Rezai, A. (2020). Stranded Assets in the Transition to a Carbon-Free Economy. Annual Review of Resource Economics, 12(1), 281–298. https://doi.org/10.1146/annurev-resource-110519-040938\n\nvan der Ploeg, F., \u0026 Rezai, A. (2020). The risk of policy tipping and stranded carbon assets. Journal of Environmental Economics and Management, 100, 102258. https://doi.org/10.1016/j.jeem.2019.102258\n\n\n\n## technology \n\nAcemoglu, D., Aghion, P., Bursztyn, L., \u0026 Hemous, D. (2012). The Environment and Directed Technical Change. American Economic Review, 102(1), 131–166. https://doi.org/10.1257/aer.102.1.131\n\nAnderson, S. T., Parry, I. W. H., Sallee, J. M., \u0026 Fischer, C. (2011). Automobile Fuel Economy Standards: Impacts, Efficiency, and Alternatives. Review of Environmental Economics and Policy, 5(1), 89–108. https://doi.org/10.1093/reep/req021\n\nCarrión-Flores, C. E., \u0026 Innes, R. (2010). Environmental innovation and environmental performance. Journal of Environmental Economics and Management, 59(1), 27–42. https://doi.org/10.1016/j.jeem.2009.05.003\n\nChen, Y., Cheng, L., \u0026 Lee, C.-C. (2022). How does the use of industrial robots affect the ecological footprint? International evidence. Ecological Economics, 198, 107483. https://doi.org/10.1016/j.ecolecon.2022.107483\n\nDechezleprêtre, A., Glachant, M., Haščič, I., Johnstone, N., \u0026 Ménière, Y. (2011). Invention and Transfer of Climate Change–Mitigation Technologies: A Global Analysis. Review of Environmental Economics and Policy, 5(1), 109–130. https://doi.org/10.1093/reep/req023\n\nDionne, G., \u0026 Spaeter, S. (2003). Environmental risk and extended liability: The case of green technologies. Journal of Public Economics, 87(5–6), 1025–1060. https://doi.org/10.1016/S0047-2727(01)00160-8\n\nIslam, G. M. S., Rahman, M. H., \u0026 Kazi, N. (2017). Waste glass powder as partial replacement of cement for sustainable concrete practice. International Journal of Sustainable Built Environment, 6(1), 37–44. https://doi.org/10.1016/j.ijsbe.2016.10.005\n\nPopp, D. (2006). International innovation and diffusion of air pollution control technologies: the effects of NOX and SO2 regulation in the US, Japan, and Germany. Journal of Environmental Economics and Management, 51(1), 46–71. https://doi.org/10.1016/j.jeem.2005.04.006\n\n\n\n# Macro-criticality of climate change\n\n## discounting and uncertainty \n\nAckerman, F., DeCanio, S. J., Howarth, R. B., \u0026 Sheeran, K. (2009). Limitations of integrated assessment models of climate change. Climatic Change, 95(3–4), 297–315. https://doi.org/10.1007/s10584-009-9570-x\n\nAlmansa, C., \u0026 Martínez-Paz, J. M. (2011). What weight should be assigned to future environmental impacts? A probabilistic cost benefit analysis using recent advances on discounting. Science of The Total Environment, 409(7), 1305–1314. https://doi.org/10.1016/j.scitotenv.2010.12.004\n\nArrow, K., Cropper, M., Gollier, C., Groom, B., Heal, G., Newell, R., Nordhaus, W., Pindyck, R., Pizer, W., Portney, P., Sterner, T., Tol, R. S. J., \u0026 Weitzman, M. (2013). Determining Benefits and Costs for Future Generations. Science, 341(6144), 349–350. https://doi.org/10.1126/science.1235665\n\nArrow, K. J., Cropper, M. L., Gollier, C., Groom, B., Heal, G. M., Newell, R. G., Nordhaus, W. D., Pindyck, R. S., Pizer, W. A., Portney, P. R., Sterner, T., Tol, R. S. J., \u0026 Weitzman, M. L. (2014). Should Governments Use a Declining Discount Rate in Project Analysis? 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Environmental Externalities of Activism. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3508808\n\nAllcott, H., Mullainathan, S., \u0026 Taubinsky, D. (2014). Energy policy with externalities and internalities. Journal of Public Economics, 112, 72–88. https://doi.org/10.1016/j.jpubeco.2014.01.004\n\nBellver-Domingo, A., Hernández-Sancho, F., \u0026 Molinos-Senante, M. (2016). A review of Payment for Ecosystem Services for the economic internalization of environmental externalities: A water perspective. Geoforum, 70, 115–118. https://doi.org/10.1016/j.geoforum.2016.02.018\n\nBithas, K. (2011). Sustainability and externalities: Is the internalization of externalities a sufficient condition for sustainability? Ecological Economics, 70(10), 1703–1706. https://doi.org/10.1016/j.ecolecon.2011.05.014\n\nChava, S. (2014). Environmental Externalities and Cost of Capital. Management Science, 60(9), 2223–2247. https://doi.org/10.1287/mnsc.2013.1863\n\nChen, W. Y. (2017). 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Global Environmental Change, 62, 102061. https://doi.org/10.1016/j.gloenvcha.2020.102061\n\nCai, R., Feng, S., Oppenheimer, M., \u0026 Pytlikova, M. (2016). Climate variability and international migration: The importance of the agricultural linkage. Journal of Environmental Economics and Management, 79, 135–151. https://doi.org/10.1016/j.jeem.2016.06.005\n\nCarlsson, F., \u0026 Martinsson, P. (2001). Do Hypothetical and Actual Marginal Willingness to Pay Differ in Choice Experiments? Journal of Environmental Economics and Management, 41(2), 179–192. https://doi.org/10.1006/jeem.2000.1138\n\nCattaneo, C., \u0026 Foreman, T. (2021). Climate Change, International Migration, and Interstate Conflict.\n\nConrad, K. (2005). Price Competition and Product Differentiation When Consumers Care for the Environment. Environmental \u0026 Resource Economics, 31(1), 1–19. https://doi.org/10.1007/s10640-004-6977-8\n\nCroson, R., \u0026 Treich, N. (2014). Behavioral Environmental Economics: Promises and Challenges. Environmental and Resource Economics, 58(3), 335–351. https://doi.org/10.1007/s10640-014-9783-y\n\nEnssle, F., \u0026 Kabisch, N. (2020). Urban green spaces for the social interaction, health and well-being of older people— An integrated view of urban ecosystem services and socio-environmental justice. Environmental Science \u0026 Policy, 109, 36–44. https://doi.org/10.1016/j.envsci.2020.04.008\n\nFerreira, S., \u0026 Moro, M. (2010). On the Use of Subjective Well-Being Data for Environmental Valuation. Environmental and Resource Economics, 46(3), 249–273. https://doi.org/10.1007/s10640-009-9339-8\n\nGallagher, K. S., \u0026 Muehlegger, E. (2011). Giving green to get green? Incentives and consumer adoption of hybrid vehicle technology. 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