This research builds a dynamic model of the global economy and climate with three endogenous knowledge stocks. We confirm that the contribution of induced R&D in global climate change is shown to be very sensitive to the elasticity of substitution between energy and other factors of production...

Written by leading international experts in the field, this book reveals the various economic effects from climate change policies introduced at national and international levels. They describe actual applications of climate change policies in the main emitting countries. After the Copenhagen...

We construct an overlapping generations model in which the choice between dirty and clean technology hinges on the economy's capital stock, susceptible to climate-induced depreciation. The process of capital accumulation contributes to environmental emissions, yet their intensity can be...