This paper discusses attempts to represent the role of R&D in the transition towards a low carbon economy through models with no meaningful granularity to inform the studied phenomenon. By means of a critical analysis of (Acemoglu et al., 2012), we show that the advantage of these models, their...

Decision-makers have confirmed the long term objective of preventing a temperature increase greater than 2 °C. This paper aims at appraising by means of a cost-benefit analysis whether decision makers’ commitment to meet the 2 °C objective is credible or not. Within the framework of a...