A cap on global warming implies a tighter carbon budget which can be enforced with a credible second-best renewable energy subsidy designed to lock up fossil fuel and curb cumulative emissions. Such a subsidy brings forward the end of the fossil fuel era, but accelerates fossil fuel extraction...

We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates, but gradual resolution of uncertainty lowers them. For...

We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates of carbon prices, but gradual resolution of uncertainty...

Die Dissertation fokussiert auf suboptimale, aber politisch realistische(re) Klimaschutzmassnahmen. Sie benutzt analytische und kalibrierte numerische Modelle, um das Grüne Paradoxon, CO2 leakage und die Frage zwischen einer preislichen (CO2-Steuern) und einer mengenmässigen...