“Economic growth over the coming centuries is one of the major determinants of today’s optimal greenhouse gas mitigation policy. At the same time, long-run economic growth is highly uncertain. This paper is the first to evaluate optimal mitigation policy under long-term growth uncertainty in a stochastic integrated assessment model of climate change…”
Both China’s 12 five-year programme and EU 2020 prioritise ‘sustainable’ and ‘inclusive’ growth. Under these broad headings, there are many areas – for example, science and technology, innovation, education, energy conservation and climate change – in which the pursuit of common goals should be translated into enhanced cooperation.
Most future growth in energy use is forecast to come from the developing world. Understanding the likely pace and specific location of this growth is essential to inform decisions about energy infrastructure investments and to improve greenhouse gas emissions forecasts
THe authors We analyze alternative multidecade growth trajectories for major global economies with carbon tax rates designed to stabilize emissions in the presence of both continued country growth and autonomous energy use efficiency improvement…
New Economics Papers Energy Economics (REPEC)
