This paper contributes to mitigating the debate on whether carbon taxes have positive or negative effects on climate change by presenting an investigation on the relationship between carbon taxes and renewable energy consumption. Taking advantage of the panel CS-ARDL model, we distinctly inspect...

Temperature responses and optimal climate policies depend crucially on the choice of a particular climate model. To illustrate, the temperature responses to given emission reduction paths implied by the climate modules of the well-known integrated assessments models DICE, FUND and PAGE are...