Steering the Climate System: Using Inertia to Lower the Cost of Policy
Steering the Climate System: Using Inertia to Lower the Cost of Policy
复制标题
引导气候系统:利用惯性降低政策成本
DOI:
10.2139/ssrn.2443594
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发表时间:
2014
期刊:
影响因子:
--
通讯作者:
I. Rudik
中科院分区:
文献类型:
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作者:
D. Lemoine;I. Rudik
Mattauch et al. (2020) claims that the quantitative conclusions in Lemoine and Rudik (2017)—henceforth, LR17—are not robust to using a climate model consistent with recent scientific results. We observe that LR17 in fact analyzes an extension to a more realistic carbon model that generates an efficient emission tax trajectory very similar to that in Mattauch et al. (2020), and we here show that simplifications in the temperature model of LR17 do not qualitatively affect their policy conclusions. Accounting for inertia reduces the initial emission tax by 42 percent and reduces the present value of abatement cost by 39 percent. (JEL H23, Q54, Q58)