Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Integrated assessment models and scenario analysis Location: Auditorium Q Session Chair: Vito Avakumovic, University of Hamburg | |
| Presentation 3 | |
Transition Risk in Emerging Economies 1: Georgia State University, CEPR and CESifo; 2: Georgia State University; 3: Georgia State University; 4: IREGE USMB, France and OFCE Many emerging economies tend to rely to an important extent on carbon-intensive sectors, generating exposure to the potential realization of transition risk. This paper quantifies the impact of such realization and the role of various policies and policy de-signs to potentially mitigate it. It does so with a two-country two-sector environmental dynamic stochastic general equilibrium model, where each ”country” represents a block of advanced or emerging economies, respectively. The model includes real-world features such as financial frictions and financial and trade linkages across blocks. With it, we simu-late climate policy in advanced economies, under the form of carbon taxes, including with carbon tariffs on top. This paper identifies and quantifies important vulnerabilities among emerging economies to the implementation of climate policy in advanced economies. | |
