Pricing carbon and adjusting capital to fend off climate catastrophes

"The optimal reaction to a potential productivity shock as a consequence of climate tipping is to substantially tax carbon in order to curb the risk of tipping, but to adjust capital as well in order to smooth consumption when tipping occurs. We also allow for conventional marginal climate dama...

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Bibliographic Details
Main Authors: Van der Ploeg, Rick, de Zeeuw, Aart
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Oxford 2018
University of Oxford
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19303661124911218439-Pricing-carbon-and-adjusting-c.htm

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