| 来源类型 | Monograph (IIASA Working Paper) |
| 规范类型 | 论文 |
| Green bonds, transition to a low-carbon economy, and intergenerational fairness: Evidence from an extended DICE model. | |
| Orlov S; Rovenskaya E; Puaschunder J; Semmler W | |
| 发表日期 | 2018 |
| 出版者 | IIASA, Laxenburg, Austria: WP-18-001 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Perceived intergenerational unfairness is one of the obstacles for a rapid transition to a low carbon economy whereby current generations have to carry the burden of paying for mitigation, while the next generations will enjoy the benefits for free. Green bonds are believed to be able to distribute the burdens over generations more evenly. In this paper, we examine whether green bonds can indeed resolve the intergenerational inequity challenge. To do so, we employ the DICE model and supplement it with bonds and green tax through which future generations repay the debt. We show that bonds can reduce but cannot completely eliminate the intergenerational inequities. Lower interest rates shorten the initial time period when the society is worse off if a mitigation policy is implemented. Additional compensation mechanisms ensuring that the current generation retains the consumption level equal to the one without mitigation are needed to achieve a Pareto improvement of the mitigation scenario for all generations. |
| 主题 | Advanced Systems Analysis (ASA) ; Young Scientists Summer Program (YSSP) |
| URL | http://pure.iiasa.ac.at/id/eprint/15093/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/126090 |
| 推荐引用方式 GB/T 7714 | Orlov S,Rovenskaya E,Puaschunder J,et al. Green bonds, transition to a low-carbon economy, and intergenerational fairness: Evidence from an extended DICE model.. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| WP-18-001.pdf（723KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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