Showing 1 - 10 of 28
Persistent link: https://www.econbiz.de/10003409446
Persistent link: https://www.econbiz.de/10003378300
The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...
Persistent link: https://www.econbiz.de/10003939168
Persistent link: https://www.econbiz.de/10003973298
Persistent link: https://www.econbiz.de/10003943845
Persistent link: https://www.econbiz.de/10009549285
Our main message is that it is optimal to use less coal and more oil once one takes account of coal being a backstop which emits much more CO2 than oil. The way of achieving this is to have a steeply rising carbon tax during the initial oil-only phase, a less-steeply rising carbon tax during the...
Persistent link: https://www.econbiz.de/10009240891
Persistent link: https://www.econbiz.de/10011288632
Optimal climate policy is studied in a Ramsey growth model with exhaustible oil reserves, an infinitelyelastic supply of renewables, stock-dependent oil extraction costs and convex climate damages. Weconcentrate on economies with an initial capital stock below that of the steady state of the...
Persistent link: https://www.econbiz.de/10011380023
Persistent link: https://www.econbiz.de/10009773843