DeCanio, Stephen J.; Manski, Charles F.; Sanstad, Alan H. - National Bureau of Economic Research - 2022
-offs between the costs of carbon abatement and the economic damages from climate change. The planning problem has been formalized …. Studying climate policy as a control problem presumes that a planner knows enough to make optimization feasible, but physical …) decision criterion to account for deep uncertainty in climate modeling. Here we study choice of climate policy that minimizes …