We study clean energy subsidies in a quantitative climate-economy model. Clean energy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the marginal...

We study clean energy subsidies in a quantitative climate-economy model. Clean en-ergy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the...

This paper investigates greenhouse gas emissions convergence among twenty Latin American countries, for the period 1970 to 2015. To that end, we use the Phillips-Sul methodology to examine whether these countries have followed an absolute convergence process or, whether there has been a club...