Shear-free perfect fluids with a solenoidal electric curvature

We prove that the vorticity or the expansion vanishes for any shear-free perfect fluid solution of the Einstein field equations where the pressure satisfies a barotropic equation of state and the spatial divergence of the electric part of the Weyl tensor is zero.Comment: 9 page

Impact of Carbon Pricing on Low-Carbon Innovation and Deep Decarbonisation : Controversies and Path Forward

Acord transformatiu CRUE-CSICUnidad de excelencia María de Maeztu CEX2019-000940-MThere is an ongoing discussion about the effectiveness of carbon pricing, with a strong division between optimists and pessimists. A recent review study by Lilliestam, Patt and Bersalli (2021) of the impact of carbon pricing on low-carbon innovation and deep carbonization concludes that there is no evidence for such an impact. We evaluate this study and identify various shortcomings of it, which together cast strong doubts on its main conclusion. Instead, we conclude, based on the studies reviewed by the authors and additional, overlooked literature, that carbon pricing has had a small but positive and significant effect on low-carbon innovation. Our evaluation provides lessons for undertaking a systematic and objective review of research on this topic. Since the main goal of carbon pricing is changing choices by firms and consumers that affect carbon emissions, we also point the reader towards recent evidence for the broader effectiveness of carbon pricing

Behavioral Interventions for Climate Mitigation in Developing Countries : Overview and Prospects

Unidad de excelencia María de Maeztu CEX2019-000940-MBehavioral interventions are increasingly being considered as useful complements of traditional climate-policy instruments. These interventions are so far mostly being studied and applied in high-income countries. Here, we examine their application to achieve carbon emissions reduction in low- and middle-income countries. This involves synthesizing evidence from meta-analyses and systematic reviews from developed countries and deriving general insights for developing countries. We also review evidence from primary studies in developing countries, organizing insights by major world regions. We discuss context dependence of findings, as well to what extent behavioral interventions are complementary to, and create synergies with, other policy instruments. We hope that the present overview serves as starting point to expand the currently small evidence base on climate-relevant behavioral interventions in developing countries. Suggestions are made how to move this research forward

Tired of climate targets? Shift focus of IPCC scenarios from emission and growth targets to policies

Unidad de excelencia María de Maeztu CEX2019-000940-MAcord transformatiu CRUE-CSICUTP en procés de revisióClimate change has revived the debate on growth-versus-environment. In line with this, recently it has been proposed to shift the target focus of IPCC scenarios from emissions to post-growth. We argue here that this confounds ends and means, since while reduction of growth may be an outcome of good climate policies, it should not be a goal in itself. In fact, a post- or degrowth goal would mean an ineffective and costly way to reduce emissions. Instead, we suggest that the debate about pursuing economic growth versus achieving climate goals will become more transparent and policy-relevant through refocusing scenarios from targets to policy

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

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 (Formula presented.) 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 (Formula presented.) 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 (Formula presented.) emissions should be internalized by a tax on (Formula presented.) 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. © 2021 The Authors. Natural Resource Modeling published by Wiley Periodicals LLC

Assessing the authenticity of national carbon prices : A comparison of 31 countries

Acord transformatiu CRUE-CSICUnidad de excelencia María de Maeztu CEX2019-000940-MMany countries have carbon pricing in place, in the form of a tax and/or market. Generally, this involves low price rates, incomplete emissions coverage, and price reductions for particular sectors. This raises the question whether the label "carbon price" - in the environmental-economics textbook sense - really applies. To answer it, we assess the authenticity of 31 national carbon prices, calculating average carbon prices and their gap with advertised prices, at both national and sector levels. The results indicate a poor level of authenticity. This means that the carbon prices published by sources such as the World Bank provide a misleading representation of the actual national policy pressure on emissions. Countries show considerable differences regarding the average carbon price level and the gap with advertised prices. Moreover, there is not a one-to-one relationship between advertised and average carbon prices, suggesting the former are not a good basis for international comparison of policy effectiveness. Across countries, the mean carbon price equals €7.90/ton of CO while the mean price gap is 57.7%. Most noticeably, the highest advertised price for Sweden should be interpreted with care as it goes along with a price gap of almost €100 to the average price. In addition, Switzerland and Finland show relatively high price gaps. To illustrate the relevance and non-triviality of our indicators, note that Sweden occupies a 3rd position in terms of average carbon price (after Norway and Switzerland), 27th in terms of price gap, and 16th in terms of effective rate (i.e. sum of implicit and explicit carbon prices). We further find that implicit carbon prices dominate explicit ones for most countries, notably in road transport, whereas the reverse holds for industrial and electricity sectors. Combining our findings with recent empirical evidence for carbon-pricing effectiveness highlights the potential of the instrument to combat climate change, provided implementation is improved and internationally harmonized. Shifting the attention from advertised to average carbon prices might help in this regard

ABM-IAM : optimal climate policy under bounded rationality and multiple inequalities

Unidad de excelencia María de Maeztu CEX2019-000940-MDespite considerable concern about potentially inequitable effects of climate policy, models fall short in assessing their implications for policy design. To address this issue, we develop an agent-based climate-economy model, agent-based modelling-Integrated Assessment Model, as a disaggregated, behavioural approach to integrated climate assessment. It describes networks of heterogeneous consumers, banks, power plants and firms, and is calibrated on patterns of growth and carbon dioxide emissions generated by the DICE model of Nordhaus. Whereas the latter assumes full employment and abstains from a financial sector and inequality considerations, our approach relaxes these restrictions to obtain a more reliable assessment of climate policy impacts. We show that inequalities in labour and capital income serve as essential but overlooked links between climate-change damages and optimal climate policy. Our result show that lower inequalities of labour income increase the social cost of carbon (SCC), while the impact of capital income inequalities on the SCC depends on the share of population receiving capital rents

Globular Cluster Systems of Early-Type Galaxies

Properties of 53 globular cluster systems are investigated. Strong correlations are found between parent galaxy luminosity and both the slope of the radial density profile for clusters and the width of the cluster color (metallicity) distribution. These correlations are in the sense that the most luminous early-type galaxies are embedded in cluster systems that have the shallowest radial gradients and exhibit the broadest color distributions. The data suggest a scenario in which luminous early-type galaxies have a more complex evolutionary history than fainter ones. A problem with the interpretation of the present data is that it is difficult (or impossible) to disentangle the strongly correlated effects of high parent galaxy luminosity, presence of a core or boxy isophotes, and shallow radial cluster density gradients.Comment: Contains complete Table 1 which had been truncated. To appear in the Astrophysical Journal. Also available at http://www.hia.nrc.ca/eprints.htm

A group selection perspective on economic behavior, institutions and organizations

This article examines the role of group dynamics and interactions in explaining economic behavior and the evolution of institutions. Our starting point is the large literature on group selection in the biological, behavioral and social sciences. We present a range of interpretations of group selection, describe a complete set of group selection mechanisms, and discuss the empirical and experimental evidence for group selection. Unique features of cultural group selection are investigated, and opportunities for applying the latter to various areas of economic theory and economic policy are identified