| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9982 |
| DP9982 Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon | |
| Frederick van der Ploeg; Aart De Zeeuw | |
| 发表日期 | 2014-05-18 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The optimal reaction to a pending productivity shock of which the expected arrival time increases with global warming is to accumulate more precautionary capital to smooth consumption and to levy a carbon tax, proportional to the marginal hazard of a catastrophe, to curb the risk of climate change. The carbon tax holds down the stock of greenhouse gases, so that the risk of catastrophe decreases and less precautionary saving is needed. We also allow for conventional marginal climate damages and decompose the optimal carbon tax in two catastrophe components and a conventional Pigouvian component. Further, the productivity catastrophe is compared with recoverable catastrophes and with a catastrophe shock to the temperature response. Finally, the trade-off between adaptation capital and capital used for production is analyzed. |
| 主题 | International Macroeconomics |
| 关键词 | Non-marginal climate shock Tipping point Precaution Economic growth Risk avoidance Social cost of carbon Adaptation capital |
| URL | https://cepr.org/publications/dp9982 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538814 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg,Aart De Zeeuw. DP9982 Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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