Waisman, Henri; Guivarch, Céline; Grazi, Fabio; … - In: Climatic Change 114 (2012) 1, pp. 101-120
This paper analyzes the transition costs of moving towards a low carbon society when the second-best nature of the economy is accounted for. We emphasize the consequences on mitigation costs of considering the interplay between a) technical systems inertia, including slow infrastructure turnover...