health from burning fossil fuels. Our theoretical macroeconomic approach incorporates a separate health sector into an … is endogenously driven by innovation, with labor availability and productivity, and thus human health, being critical … 1% when health damages are included. The health perspective requires optimal environmental policies that are much more …

interaction between a climate coalition that can either be global or incomplete, comprising only a subset of the world’s countries …

management of the climate rent and associated commitment problems: in the cost-benefit world, we derive a stock-dependent tax … rule; in the cost-effective (carbon budget) world, only an emissions trading scheme with free banking and borrowing can …

Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world … fossil energy resources (= world carbon emissions). We consider governments having sign-unconstrained emission taxes at their … disposal and seeking to prevent world emissions from exceeding some binding aggregate emission ceiling in the medium term. Such …