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来源类型Working papers
规范类型论文
DOI10.3929/ethz-a-009992267
Optimum growth and carbon policies with lags in the climate system
Bretschger, Lucas; Karydas, Christos
发表日期2013-11
出版者ETH Zurich, Center of Economic Research (CER-ETH)
出版年2013
语种英语
摘要We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using an expansion-in-varieties growth model with polluting non-renewable resources. Climate change harms the capital stock. Our main contribution is to introduce and extensively explore the naturally determined time lag between greenhouse gas emission and the damages due to climate change which proves to be crucial for the transition of the economy towards its steady state. The social optimum and optimal abatement policies are fully characterized. The inclusion of a green technology delays optimal resource extraction. The optimal tax rate on emissions is proportional to output. Poor understanding of the emissions diffusion process leads to suboptimal carbon taxes and suboptimal growth and resource extraction.
主题Non-Renewable Resource Extraction ; Climate Policy ; Optimum Growth ; Pollution Diffusion lag.
URLhttps://www.research-collection.ethz.ch/handle/20.500.11850/339423
来源智库Centre for Energy Policy and Economics (Switzerland)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/266726
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GB/T 7714
Bretschger, Lucas,Karydas, Christos. Optimum growth and carbon policies with lags in the climate system. 2013.
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