Kalkuhl, Matthias; Brecha, Robert J. - In: Energy Economics 39 (2013) C, pp. 89-99
By reducing the demand for fossil fuels, climate policy can reduce scarcity rents for fossil resource owners. As mitigation policies ultimately aim to limit emissions, a new scarcity for “space” in the atmosphere to deposit emissions is created. The associated scarcity rent, or climate rent...