Arbeitspapier
Steering the Climate System: An Extended Comment
Lemoine and Rudik (2017) argue that it is efficient to delay reducing carbon emissions, because there is substantial inertia in the climate system. However, this conclusion rests upon misunderstanding the relevant climate physics: there is no substantial lag between CO2 emissions and warming, which policy could rely upon. Applying a mainstream climate physics model to the economics of Lemoine and Rudik (2017) invalidates the article’s implications for climate policy: the cost-effective carbon price that limits warming to a range of targets including 2 oC starts high and increases at the interest rate.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 7414
- Klassifikation
-
Wirtschaft
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Climate; Natural Disasters and Their Management; Global Warming
Environmental Economics: Government Policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mattauch, Linus
Millar, Richard
van der Ploeg, Rick
Rezai, Armon
Schultes, Anselm
Venmans, Frank
Bauer, Nico
Dietz, Simon
Edenhofer, Ottmar
Farrell, Niall
Hepburn, Cameron
Luderer, Gunnar
Pless, Jacquelyn
Spuler, Fiona
FBA, Nicholas Stern
Teytelboym, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Mattauch, Linus
- Millar, Richard
- van der Ploeg, Rick
- Rezai, Armon
- Schultes, Anselm
- Venmans, Frank
- Bauer, Nico
- Dietz, Simon
- Edenhofer, Ottmar
- Farrell, Niall
- Hepburn, Cameron
- Luderer, Gunnar
- Pless, Jacquelyn
- Spuler, Fiona
- FBA, Nicholas Stern
- Teytelboym, Alexander
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2018
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