| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1016/j.econlet.2015.04.007 |
| Robustness of a simple rule for the social cost of carbon. | |
| Rezai A; van der Ploeg F | |
| 发表日期 | 2015 |
| 出处 | Economics Letters 132: 48-55 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logarithmic, production is Cobb-Douglas, depreciation is 100% every period, climate damages as fraction of production decline exponentially with the stock of atmospheric carbon, and fossil fuel extraction does not require capital. The time profile and size of the optimal carbon tax corresponding to this simple rule are not robust to more convex climate damages, smaller elasticities of factor substitution and non-unitary coefficients of relative intergenerational inequality aversion. The optimal timing of energy transitions and the amount of fossil fuel reserves to be locked up in the earth are also not accurately predicted by this framework. Still, in terms of welfare and global warming the simple rule for the optimal social cost of carbon manages to get quite close to the first best. |
| 主题 | Risk, Policy and Vulnerability (RPV) ; Risk & ; Resilience (RISK) |
| 关键词 | climate damages Ramsey growth robustness social cost of carbon stranded fossil fuel assets |
| URL | http://pure.iiasa.ac.at/id/eprint/11452/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/130360 |
| 推荐引用方式 GB/T 7714 | Rezai A,van der Ploeg F. Robustness of a simple rule for the social cost of carbon.. 2015. |
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