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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 version of the integrated as...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Publisher copy:
10.1016/j.techfore.2016.10.016

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Institution:
University of Oxford
Division:
Social Sciences Division
Department:
Economics
Oxford college:
New College
Role:
Author
Publisher:
Elsevier Publisher's website
Journal:
Technological Forecasting and Social Change Journal website
Volume:
116
Issue:
C
Pages:
216-222
Publication date:
2016-11-02
Acceptance date:
2016-10-19
DOI:
Pubs id:
pubs:800891
URN:
uri:a4818a8f-7f2a-48d8-b098-615dfd1af850
UUID:
uuid:a4818a8f-7f2a-48d8-b098-615dfd1af850
Local pid:
pubs:800891

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