Matches in SemOpenAlex for { <https://semopenalex.org/work/W3028937035> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W3028937035 abstract "CO2 pricing is essential for an efficient transition to the green economy. Despite Daniel, Litterman and Wagner (2019)’ claim that CO2 prices should decline, CO2 prices should rise over time. First, damages from global warming are proportional to economic activity and this makes CO2 prices grow at the same rate as the economy. Second, even if uncertainty about the damage ratio is gradually resolved over time, this only slows down the price rise. Third, if CCS is allowed for, the optimal CO2 price will rise before it declines but this decline does not occur until more than two centuries ahead. Fourth, damages are likely to be a very convex function of temperature which with rising temperature implies that CO2 prices must grow faster than the economy. Fifth, internalizing the social benefits of learning by doing or a shift towards technical progress in renewable energy production requires a subsidy for renewable energy, not a temporary spike in CO2 prices. Having high CO2 prices upfront is an artefact of failing to separate out renewable energy subsidies from the carbon price. Finally, efficient intertemporal allocation of policy efforts implies that a temperature cap or cap on cumulative emissions requires that CO2 prices must rise at a rate equal to the risk-adjusted interest rate, typically higher than the economic growth rate. Summing up, CO2 prices must rise at a rate at least equal to the economic growth rate and at most to the risk-adjusted interest rate. They should not decline." @default.
- W3028937035 created "2020-06-05" @default.
- W3028937035 creator A5021495373 @default.
- W3028937035 creator A5050954893 @default.
- W3028937035 creator A5071749915 @default.
- W3028937035 date "2020-01-01" @default.
- W3028937035 modified "2023-09-27" @default.
- W3028937035 title "Commit To A Credible Path Of Rising Co2 Prices" @default.
- W3028937035 hasPublicationYear "2020" @default.
- W3028937035 type Work @default.
- W3028937035 sameAs 3028937035 @default.
- W3028937035 citedByCount "0" @default.
- W3028937035 crossrefType "posted-content" @default.
- W3028937035 hasAuthorship W3028937035A5021495373 @default.
- W3028937035 hasAuthorship W3028937035A5050954893 @default.
- W3028937035 hasAuthorship W3028937035A5071749915 @default.
- W3028937035 hasConcept C119599485 @default.
- W3028937035 hasConcept C127413603 @default.
- W3028937035 hasConcept C139719470 @default.
- W3028937035 hasConcept C162324750 @default.
- W3028937035 hasConcept C175025494 @default.
- W3028937035 hasConcept C175605778 @default.
- W3028937035 hasConcept C17744445 @default.
- W3028937035 hasConcept C188573790 @default.
- W3028937035 hasConcept C199539241 @default.
- W3028937035 hasConcept C2777381055 @default.
- W3028937035 hasConcept C2778348673 @default.
- W3028937035 hasConcept C34447519 @default.
- W3028937035 hasConcept C556758197 @default.
- W3028937035 hasConcept C84265765 @default.
- W3028937035 hasConceptScore W3028937035C119599485 @default.
- W3028937035 hasConceptScore W3028937035C127413603 @default.
- W3028937035 hasConceptScore W3028937035C139719470 @default.
- W3028937035 hasConceptScore W3028937035C162324750 @default.
- W3028937035 hasConceptScore W3028937035C175025494 @default.
- W3028937035 hasConceptScore W3028937035C175605778 @default.
- W3028937035 hasConceptScore W3028937035C17744445 @default.
- W3028937035 hasConceptScore W3028937035C188573790 @default.
- W3028937035 hasConceptScore W3028937035C199539241 @default.
- W3028937035 hasConceptScore W3028937035C2777381055 @default.
- W3028937035 hasConceptScore W3028937035C2778348673 @default.
- W3028937035 hasConceptScore W3028937035C34447519 @default.
- W3028937035 hasConceptScore W3028937035C556758197 @default.
- W3028937035 hasConceptScore W3028937035C84265765 @default.
- W3028937035 hasLocation W30289370351 @default.
- W3028937035 hasOpenAccess W3028937035 @default.
- W3028937035 hasPrimaryLocation W30289370351 @default.
- W3028937035 hasRelatedWork W1544990525 @default.
- W3028937035 hasRelatedWork W1944258662 @default.
- W3028937035 hasRelatedWork W1963541988 @default.
- W3028937035 hasRelatedWork W1964030176 @default.
- W3028937035 hasRelatedWork W2141099977 @default.
- W3028937035 hasRelatedWork W2265663212 @default.
- W3028937035 hasRelatedWork W2299110390 @default.
- W3028937035 hasRelatedWork W2351301369 @default.
- W3028937035 hasRelatedWork W2478546858 @default.
- W3028937035 hasRelatedWork W2479878304 @default.
- W3028937035 hasRelatedWork W2480223015 @default.
- W3028937035 hasRelatedWork W2485719056 @default.
- W3028937035 hasRelatedWork W2502921909 @default.
- W3028937035 hasRelatedWork W265091808 @default.
- W3028937035 hasRelatedWork W3022523905 @default.
- W3028937035 hasRelatedWork W3132461695 @default.
- W3028937035 hasRelatedWork W3196498499 @default.
- W3028937035 hasRelatedWork W99174988 @default.
- W3028937035 hasRelatedWork W1937652298 @default.
- W3028937035 hasRelatedWork W3121648091 @default.
- W3028937035 isParatext "false" @default.
- W3028937035 isRetracted "false" @default.
- W3028937035 magId "3028937035" @default.
- W3028937035 workType "article" @default.