Rozenberg, Julie; Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017 - This version: March 2017
To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or … optimal carbon price minimizes the discounted social cost of the transition to clean capital, but imposes immediate private … capital when it is implemented. Second-best standards or feebates on new investment lead to higher total costs but avoid …