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Cumulative emissions, unburnable fossil fuel, and the optimal carbon tax

Abstract:

A stylised analytical framework is used to show how the global carbon tax and the amount of untapped fossil fuel can be calculated from a simple rule given estimates of society’s rate of time impatience and intergenerational inequality aversion, the extraction cost technology, the rate of technical progress in renewable energy and the future trend rate of economic growth. The predictions of the simple framework are tested in a calibrated numerical and more complex ...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.techfore.2016.10.016

Authors


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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author
More from this funder
Funding agency for:
van der Ploeg, F
Grant:
269788
More from this funder
Funding agency for:
van der Ploeg, F
Grant:
269788
Publisher:
Elsevier Publisher's website
Journal:
Technological Forecasting and Social Change Journal website
Publication date:
2016-11-01
Acceptance date:
2016-10-19
DOI:
ISSN:
0040-1625
Source identifiers:
661088
Keywords:
Pubs id:
pubs:661088
UUID:
uuid:39877200-4e0e-4a1c-b533-5b18dac11451
Local pid:
pubs:661088
Deposit date:
2017-01-12

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