type="graphical" xml:id="gpol12164-abs-0002"> <p>It is always a risk for decision makers to neglect short-term benefits and costs. Therefore, a smart design of climate policy has to reconcile the short-term and long-term perspective.<blockFixed type="graphic" xml:id="gpol12164-blkfxd-0001"> <mediaResourceGroup> <mediaResource alt="image" href="urn:x-wiley:17585880:gpol12164:gpol12164-toc-0001"/> </mediaResourceGroup> </blockFixed>

We introduce endogenous directed technical change into numerical integrated climate and development policy assessment. We distinguish expenditures on innovation (R&D) and imitation (international technology spillovers) and consider the role of capital investment in creating and implementing new...

Um ein ambitioniertes Klimaschutzziel zu erreichen, muss die Nutzung der Atmosphäre als globales Gemeinschaftsgut begrenzt und die Nutzungsrechte neu verteilt werden. Dies hat weitreichenden Folgen: Zum einen werden die Besitzer fossiler Ressourcen einen großen Teil ihrer Ressourcenrente...

Novel Carbon Dioxide Removal (CDR) technologies have seen a first wave of deployment, driven by investments through voluntary carbon markets and by specific support policies. To sustain the momentum, a credible long-term policy path is urgently needed to lead removal technologies through the...

It is a well-known result in economics that land value taxation is efficient since it does not distort the supply of the tax base. Considering only efficiency, land value should thus be fully taxed. Using optimal taxation theory with heterogeneous households, we show that it may be optimal not...