Étiqueté : economic growth

Incrementum ad Absurdum: Global Growth, Inequality and Poverty Eradication in a Carbon-Constrained World

The paper seeks to assess the timeframe for eradication of poverty, defined by poverty lines of $1.25 and $5 per person per day at 2005 purchasing power parity, if pre-crisis (1993-2008) patterns of income growth were maintained indefinitely, taking account of the differential performance of China…

Prospects for Paris 2015: do major emitters want the same climate ?

International negotiations have failed to achieve an ambitious outcome to limit climate risks. A Cournot outcome where countries determine their mitigation commitments in the full knowledge of those by others could be an important step. It would avoid a Stackelberg (leader-follower) outcome where one or more major emitters impose a level of climate risk on the rest of the world…

Risk and return in environmental economics

“I examines the risk/return tradeoff for environmental investments, and its implications for policy choice. Consider a policy to reduce carbon emissions. To what extent does the value of such a policy depend on the expected future damages from global warming versus uncertainty over those damages, i.e., on the expected benefits from the policy versus their riskiness?…”

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