links the pollution intensity of economic activity to technological progress. In a second step, it investigates the effect … of pollution on economic growth under the assumption that pollution intensities are related to technological progress …. Several conclusions emerge from the model. In equilibrium, the economy follows a balanced growth path. The effect of pollution …

fossil fuel' option, relatively little attention has been paid so far to the detrimental environmental externalities that the … to be relatively small, carbon sequestration externalities do matter and influence the nature of future world energy …

complementary taxation of carbon emissions and local air pollution. We quantify results for the European power market until 2050 …. Taxing only air pollution results in social cost of 5,890 billion € and fosters nuclear deployment. Taxing only carbon yields … taxation can be complementary to a primary policy of air pollution abatement. On the contrary, a primary policy of …