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Radical climate policies

Abstract:

In the presence of strategic complementarities stemming from peer effects in demand or from technological spill-overs, propagation and amplification mechanisms increase the effectiveness of climate policies. This suggests that climate goals can be met with smaller policy interventions. However, if there are multiple equilibria, radical and more ambitious climate policies are needed to shift the economy from a high-emissions to a low-emissions path.. Once the radical shift has taken place the ...

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Publication status:
Published

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http://www.ox.ac.uk/

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Oxford college:
New College
Role:
Author
Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2022-11-03
ISSN:
1471-0498
Paper number:
990
Language:
English
Keywords:
Pubs id:
1299015
Local pid:
pubs:1299015
Deposit date:
2022-11-04

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