uncertainty about future climate policy is resolved. E.g. abandoning climate policy plans immediately boosts scarcity rent, market … investment in exploration capital with intertemporal adjustment costs, depletion of reserves and market capitalization, and … capitalization, exploration investment and discoveries. To explain and quantify these four effects, we use an analytical model of …

general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two …-period world with identical homothetic preferences and without investment, the global interest rate falls and the Green Paradox … weakens. With investment or a relatively more impatient oil-importing region, the Green Paradox may be strengthened because …

general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two …-period world with identical homothetic preferences and without investment, the global interest rate falls and the Green Paradox … weakens. With investment or a relatively more impatient oil-importing region, the Green Paradox may be strengthened because …