Cumulative Emissions, Unburnable Fossil Fuel and the Optimal Carbon Tax

A new IAM is used to calculate the optimal tradeoff between, on the one hand,locking up fossil fuel and curbing global warming, and, on the other hand,sacrificing consumption now and in the near future. This IAM uses the Oxford carbon cycle, which differs from DICE, FUND and PAGE in that cumulative...

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Bibliographic Details
Main Authors: Rezai, Armon, Van der Ploeg, Frederick
Format: Others
Language:en
Published: WU Vienna University of Economics and Business 2016
Subjects:
Online Access:http://epub.wu.ac.at/4795/1/EcolEcon_WorkingPaper_2016_8.pdf