Arbeitspapier
Spatial climate-economic models in the design of optimal climate policies across locations
We couple a one-dimensional energy balance climate model with heat transportation across latitudes, with an economic growth model. We derive temperature and damage distributions across locations and optimal taxes on fossil fuels which, in contrast to zero-dimensional Integrated Assessment Models, account for cross latitude externalities. We analyse the impact of welfare weights on the spatial structure of optimal carbon taxes and identify conditions under which these taxes are spatially nonhomogeneous and are lower in latitudes with relatively lower per capita income populations. We show the way that heat transportation affects local economic variables and taxes, and locate sufficient conditions for optimal mitigation policies to have rapid ramp-up initially and then decrease over time.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 74.2012
- Klassifikation
-
Wirtschaft
Climate; Natural Disasters and Their Management; Global Warming
Environmental Economics: Government Policy
Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- Thema
-
One-dimensional Energy Balance Model
Heat Transport
Latitudes
Temperature Distribution
Damage Distribution
Social Planner
Competitive Equilibrium
Local Welfare Weights
Optimal Taxes
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Brock, William A.
Engström, Gustav
Xepapadeas, Anastasios
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Brock, William A.
- Engström, Gustav
- Xepapadeas, Anastasios
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2012
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