Showing 1 - 10 of 32
...The optimal carbon tax reduces emissions from burning fossil fuel, both in the short and medium run. Furthermore, it brings forward the date that renewables take over from fossil fuel and encourages the market to keep more fossil fuel locked up. A renewables subsidy induces faster fossil fuel...
Persistent link: https://www.econbiz.de/10010511239
Persistent link: https://www.econbiz.de/10010126269
Persistent link: https://www.econbiz.de/10010423037
Persistent link: https://www.econbiz.de/10012703899
Persistent link: https://www.econbiz.de/10014314633
Persistent link: https://www.econbiz.de/10011431134
Persistent link: https://www.econbiz.de/10011288654
Persistent link: https://www.econbiz.de/10010363253
The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logarithmic, production is Cobb-Douglas, depreciation in 100% every period, climate damages as fraction of production decline exponentially with the stock of atmospheric carbon, and fossil fuel...
Persistent link: https://www.econbiz.de/10010257341
The tractable general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for stock-dependent fossil fuel extraction costs and partial exhaustion of fossil fuel reserves, a negative impact of global warming on growth, mean reversion in climate damages,...
Persistent link: https://www.econbiz.de/10011434598