Simone Borghesi

Simone Borghesi
Università degli Studi di Siena | UNISI · Department of Political and International Sciences

About

127
Publications
21,075
Reads
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1,742
Citations
Citations since 2016
52 Research Items
1020 Citations
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2016201720182019202020212022050100150200
2016201720182019202020212022050100150200
2016201720182019202020212022050100150200
Additional affiliations
July 2019 - October 2019
Università degli Studi di Siena
Position
  • Professor (Full)
October 2017 - present
Università degli Studi di Siena
Position
  • Environmental Economics
September 2017 - present
Florence School of Regulation - Climate
Position
  • Manager
Education
October 1996 - February 2001
European University Institute
Field of study
  • Economics
September 1995 - September 1996
University College London
Field of study
  • Economics
November 1988 - April 1995
Università degli Studi di Siena
Field of study
  • Economics

Publications

Publications (127)
Article
Full-text available
We analyse the international dimension of the EU Emissions Trading System (EU ETS) over the past two decades and in the foreseeable future by reviewing facts and economic theory. The facts mainly concern the international climate change regime and the EU’s relevant experience in international cooperation. Club theory shows how incentives can be cre...
Article
Economic analysis has produced ample insights on how international trade and climate policy interact (1). Trade presents both opportunities and obstacles, and invites the question of how domestic climate policies can be effective in a global economy integrated through international trade. Particularly problematic is the potential relocation of prod...
Article
To fulfill the Paris Agreement commitments and stimulated by an unprecedented amount of public resources put in place to recover from the COVID-induced recession, European governments have recently announced sizable green policy plans. In this paper, we examine the behavior of green and brown stocks around green policy-related announcements (GPAs)...
Article
This paper investigates the possible dynamics that may emerge in an economy in which agents adapt to environmental degradation by increasing the produced output to repair the damages of environmental degradation. The analyzed economy is characterized by both positive and negative externalities. On the one hand, an increase in production-related env...
Article
Full-text available
Emissions trading is gaining increasing importance around the world as a suitable instrument to address climate change. In the absence of a global carbon market, however, unilateral carbon policies may end up causing carbon leakage effects, the more so if carbon prices are to increase in the future to achieve more ambitious emissions abatement targ...
Preprint
The panel will focus on the role of carbon markets amidst increasing international climate ambition and cooperation, touching upon integration, interdependence, arbitrage and carbon leakage aspects. This session is organised under the framework of our EU funded project LIFE DICET – Deepening international cooperation on emissions trading.
Article
Full-text available
As the Intergovernmental Panel on Climate Change (2018) testifies, the world is a long way from halting climate change, let alone reverting it. The existence of adaptation and mitigation technologies did not prove sufficient, their adoption being respectively faulted or hindered by the presence of externalities. In this work, we study how externali...
Article
Full-text available
This paper analyses the role that companion policies have had in the reduction of emissions regulated by the EU Emissions Trading System (EU ETS) and the related policy interactions, with a view to identifying relevant insights for China's forthcoming Emissions Trading System (ETS). The investigation rests on: (a) the observation of the EU's and Ch...
Article
This paper investigates the relationship between international trade of avocado and the related virtual water trade over the period 2000-2016. Using a Physical Trade Analysis, we show that commercial and virtual water trade grew rapidly moving almost hand-in-hand in the years taken into account: in parallel with a remarkable increase of internation...
Article
Full-text available
This paper studies environmental corruption via a random matching evolutionary game between a population of firms and a population of bureaucrats who have to decide whether to release a “green” license to the firms. A firm obtains the license if the bureaucrat checks that it complies with environmental regulations, otherwise it is sanctioned. The m...
Article
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This article describes and discusses an innovative index-based environmental protection mechanism involving both tourists and local firms of a given region. The public administration offers tourists (non-polluting firms) the possibility of being reimbursed if the environmental quality in the region turns out to be below (above) a given threshold le...
Article
Full-text available
The Paris Agreement targets and an increasingly large public opinion movement world-wide require to progressively raise the ambition of the Nationally Determined Contributions (NDC). The European Union (EU) could play a crucial role in this process being one of the first Parties to submit its NDC and to call for the integration of the ratchet-up me...
Preprint
Full-text available
The introduction of an environmental policy to foster a virtuous behaviour does not automatically establish a social norm within a population, i.e. it might not be socially accepted and enforced. Some agents feel compelled to abide to the environmental social norm and embrace it, while other agents do not. Some might want to imitate their peers, wh...
Article
Full-text available
Environmental problems are increasingly frequent, intensive and unpredictable. To protect from the observed environmental depletion, economic agents increasingly react by substituting previously free public environmental goods with costly private goods. This substitution mechanism, however, can contribute to enhance the indeterminacy of the possibl...
Preprint
Full-text available
Carbon pricing in general, and emission trading in particular, are gaining momentum at the world level. In recent years increasing attention has been devoted to the possibility of linking Emission Trading Schemes (ETSs). The purpose of the present paper is to critically discuss the main findings emerging from the theoretical economic literature on...
Technical Report
Full-text available
This report is a collection of five short documents describing the Emissions Trading Systems (ETSs) currently in force in the following jurisdictions: EU, California-Québec, China, New Zealand and Switzerland. The present report is a deliverable of the LIFE DICET (Deepening International Cooperation on Emissions Trading) project, which is co-finan...
Article
Full-text available
This paper studies the evolutionary dynamics of a market regulated by an auctioned emission trading system with a price floor in which there exist three populations of firms that interact strategically: (i) non-polluting, (ii) polluting and compliant, (iii) polluting but non-compliant. Firms that adopt a non-polluting technology need no permits to...
Article
National and international governments aim to promote the responsible management of the natural capital but measuring its contribution to economic growth is still a challenging exercise. The natural capital supports a plurality of environmental functions whereas the economic growth is frequently measured by aggregated indicators. In this paper, we...
Article
Full-text available
The European Emission Trading System (EU ETS) is commonly regarded as the key pillar of the European climate policy and as the main unifying tool to create a unique carbon price all over Europe. The UK has always played a crucial role in the EU ETS, being one of the most active national registry and a crucial hub for the exchange of allowances in t...
Article
Full-text available
This paper proposes an evolutionary dual model in order to study heterogeneity of agriculture from an environmental perspective. In standard visions, land use changes are driven by productivity differentials across agricultural subsectors. Our model adds other two factors which can indirectly affect land allocation patterns: differences in environm...
Article
Full-text available
Many studies have stressed that human activities may cause the extinction of single species. Anthropogenic activities, however, may affect not only the number of individuals of single species, but also their behavior. To investigate this issue, we propose a growth model in which agents may care not only for the species’ survival but also for the ty...
Article
Full-text available
Emission Trading Systems (ETSs) are today regarded as the pillar of market‐based environmental policies in many countries. This paper studies the impact of an ETS on the dynamics of the market made up of two types of firms: clean and dirty. Using an evolutionary context, we study how the share of clean firms evolves at different parameter values, s...
Article
Full-text available
International trade shifts production of a large amount of carbon dioxide (CO2) emissions embodied in traded goods from the importing country to the exporting country. The European Union (EU) plays a prominent role in the flow of international-related emissions as it accounts for the second largest share of global exports and imports of goods. Cons...
Article
Full-text available
Following the recent increase of foreign direct investments in land, this paper studies their possible effects on the development of a local economy. To this aim, we use a two-sector model (external and local) with heterogeneous agents: external investors and local land owners. We assume that both sectors are negatively affected by pollution, but o...
Chapter
Full-text available
Climate Change Mitigation refers to actions to reduce or prevent emissions of greenhouse gases (GHG) causing human-induced climate change. Mitigation can be reached by using new technologies, fostering renewable energies, making older energy systems more efficient, or changing management practices or consumer behavior. According to the Intergovernm...
Cover Page
Full-text available
FSR Climate 2019, A literature-based assessment of the EU ETS, Florence School of Regulation, European University Institute, Florence, Italy
Article
Full-text available
As the IPCC (2018) testifies, the world is a long way from halting climate change, let alone reverting it. The existence of adaptation and mitigation technologies did not prove sufficient, their adoption being respectively faulted or hindered by the presence of externalities. In this work, we study how externalities, whether positive or negative, l...
Article
In this work, we investigate which countries have been more central during Phases I and II of the European Emission Trading Scheme (EU ETS) with respect to the different types of accounts operating in the system. We borrow a set of centrality measures from Network Theory's tools to describe how the structure of the system has evolved over time and...
Article
We consider the role played by the EU Emission Trading System (EU ETS) as a possible driver of outward Foreign Direct Investments (FDI) for Italian manufacturing firms. Using a panel dataset of about 22,000 firms covering the first two phases of the EU ETS and the pre‐EU ETS period, we measure the patterns of FDI towards countries not covered by EU...
Article
Full-text available
A considerable amount of studies in the transport literature is aimed at understanding the behavioural processes underlying travel choices, like mode and destination choices. In the present work, we propose the use of evolutionary game theory as a framework to study commuter mode choice. Evolutionary game models work under the assumptions that agen...
Article
Full-text available
Over the last few years water scarcity and pollution have been rapidly growing at both regional and global level. This has generated in many cases increasing intersectoral competition over the use of a limited amount of water resources. To examine the dynamics that such competition may generate in the economy, the present paper proposes a simple dy...
Article
Full-text available
During the last two decades, the scientific literature has focused on the allocation of emissions embodied in international trade by implementing accounting procedures based on consumeroriented perspective. While the Multi Regional Input-Otput analysis has been accepted by the scientific community as an alternative to the IPCC accounting, some conc...
Article
Full-text available
The European Emission Trading System (EU ETS) is generally considered as the prototype system for the other Emission Trading Systems (ETSs) for the reduction of greenhouse gases (GHGs) that are rapidly spreading around the world. To get a deeper understanding on the actual capacity of the EU ETS to stand as a model for the other ETSs, the present p...
Chapter
This chapter describes the main features, structures and scope of the European Emission Trading Scheme (EU ETS), which has played a leading role among the existing ETSs on greenhouse gases (GHG), being a sort of pioneer of the large-scale domestic/regional ETSs around the world. Particular attention is devoted to the specific features underlying th...
Chapter
Following the structure adopted in Chaps. 1, this chapter investigates the legal and economic features of three selected ETSs: the Californian Cap and Trade System, the RGGI (the Regional Greenhouse Gas Initiative, encompassing several north-east and mid-Atlantic States of the USA) and the Quebec Cap and Trade System. While several other ETSs are d...
Chapter
The European Emission Trading Scheme (EU ETS) is generally considered as the prototype system for the other ETSs that are rapidly spreading around the world. Building on the description of the features of the main ETSs examined in the previous chapters, the present chapter discusses the differences and similarities of the EU ETS with respect to the...
Chapter
This chapter investigates linking Emission Trading Schemes (ETSs) as a possible option to increase the effectiveness of the existing domestic or regional regimes and overcome the difficulties encountered in recent years by international climate change negotiations. For this purpose, the drivers and different types of possible linking arrangements a...
Article
The adoption and diffusion of environmental innovations (EIs) is crucial to greening the economy and achieving win–win environmental/economic gains. A large and increasing literature has focused on the levers underlying EIs that are external to the firm, such as stakeholder and policy pressures. Little attention, however, has been devoted to the po...
Article
Full-text available
The Deep Decarbonization Pathways Project (DDPP), an initiative of the Sustainable Development Solutions Network (SDSN) and the Institute for Sustainable Development and International Relations (IDDRI), aims to demonstrate how countries can transform their energy systems by 2050 in order to achieve a low-carbon economy and significantly reduce the...
Article
In this work, we investigate which countries have been more central during Phases I and II of the European Emission Trading Scheme (EU ETS) with respect to the different types of accounts operating in the system. We borrow a set of centrality measures from Network Theory's tools to describe how the structure of the system has evolved over time and...
Book
This book provides an interdisciplinary analysis of the EU ETS, comparing the rapid spreading of ETSs in an increasing number of countries and the important role they are likely to play for the success or failure of the environmental policy in the years to come, with the other main ETSs existing worldwide from both the legal and economic perspectiv...
Article
Full-text available
The paper offers sector-based qualitative evidence concerning the climate and energy policy effects on eco innovations in the EU. Through interviews with industry associations of Emission Trading Scheme (ETS) sectors, it analyses the extent to which past innovation adoption dynamics were influenced by policy and regulatory levers, by looking at the...
Technical Report
Full-text available
This report contributes to the national debate on climate-change mitigation, and the importance of deep decarbonization, by examining three alternative pathways that could reduce Italian CO2 emissions by at least 40% in 2030 and 80% in 2050, compared to 1990. It analyzes the challenges the Italian energy system faces, and possible future technologi...
Article
This paper examines the different forces underlying the adoption of environmental innovations (EI), with a focus on policy related EI. In particular, exploiting the 2006–2008 wave of the Italian Community Innovation Survey (CIS), we investigate whether the first phase of the European Emissions Trading Scheme (EU ETS) exerted some effects on EI in C...
Article
The paper investigates the effectiveness and efficiency of energy-environmental policy interactions in Italy, adopting a broad optimality perspective that includes policy feasibility and dynamic efficiency. The analysis highlights that though some complementarity among different policies exists, climate policies have been often undermined by energy...
Article
Over the last few years the growing problems of water scarcity and water pollution have induced ever increasing attention towards the application of market mechanisms based on tradable permits in the water sector, similar to those adopted for air pollution. In spite of the growing interest surrounding this instrument, a general critical valuation o...
Article
Full-text available
The Intergovernmental Panel on Climate Change (IPCC) has defined a comprehensive method for takinginto account greenhouse gases (GHGs) emissions released from different countries. The geographical orproducer-based perspective currently used in the IPCC framework does not consider (and may thereforeencourage) delocalization of production from indust...
Article
Full-text available
The allocation of emissions embodied in international trade is crucial to evaluate the real impact that each country has on climate change and its responsibility in greenhouse gas (GHG) emissions. In this paper we develop a new theoretical framework recently proposed by Caro et al. (2014) that computes the carbon emissions embodied in international...
Chapter
Full-text available
The present paper investigates the functioning of an Emission Trading System (ETS) and its impact on the diffusion of environmental-friendly technological innovation in the presence of firms' strategic behaviours and sanctions to non-compliant firms. For this purpose, we study an evolutionay game model with random matching. We assume that each firm...
Article
The issue of transportation is of primary importance in our societies. A large share of greenhouse gases is generated by the transport sector, and road casualties are one among the most common causes of death. In the present work, we study commuter choice between alternative transport modes using an evolutionary- game model, wherein commuters can c...
Article
The adoption and diffusion of environmental innovations (EIs) is crucial to greening the economy and achieving win-win environmental-economic gains. A large and increasing literature has focused on the levers underlying EIs that are external to the firm, such as stakeholders’ pressure and policy pressure. Little attention, however, has been devoted...
Data
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Data
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Environmental degradation may lead agents to increase their work effort to replace the consumption of depleted free access environmental goods with that of private substitute goods. The rise in the activity level that follows may further deplete the environment, which in turn increases the production and consumption of substitute goods. Using a Nor...
Article
Full-text available
Car use is an increasingly serious problem in many modern cities because of polluting emissions, noise, accidents and congestion. To examine this issue, this paper analyzes the individual choice between taking the car and using alternative transport modes (e.g. walking, cycling, taking the bus etc...) in the presence of cars' negative impacts on al...
Article
Full-text available
The paper proposes a new financial mechanism that could be implemented to protect the environment of a tourist region. For this purpose, we investigate the potential consequences of two financial activities, issued by the local government (G) of a region R, which work like contracts between G and, respectively, visitors of R and firms operating in...
Conference Paper
This paper examines the main factors underlying the adoption of environmental innovations (EI) in the Italian industry during the period 2006-2008. For this purpose, we analyse the fifth wave of Community Innovation Survey (CIS) data that for the first time covered EI adoptions. In particular, using a very large sample of Italian manufacturing firm...