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discounting to adopt. Especially the quantitative results of Integrated Assessment Models have been subject to controversy because … of their strong sensitivity on future discounting. Many economic analysts advocate employing a descriptive time … encourage assuming a prescriptive time discounting, allowing them - by taking low discount values - to model a sustainable use …
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A simple integrated assessment framework that gives rules for the optimal carbon price, transition to the carbon-free era and stranded carbon assets is presented, which highlights the ethical, economic, geophysical and political drivers of optimal climate policy. For the ethics we discuss the...
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