Uncertain climate thresholds and optimal economic growth
نویسندگان
چکیده
منابع مشابه
Uncertain climate thresholds and optimal economic growth
We explore the combined effects of a climate threshold (a potential ocean thermohaline circulation collapse), parameter uncertainty, and learning in an optimal economic growth model. Our analysis shows that significantly reducing carbon dioxide ðCO2Þ emissions may be justified to avoid or delay even small (and arguably realistic) damages from an uncertain and irreversible climate change—even wh...
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ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2004
ISSN: 0095-0696
DOI: 10.1016/j.jeem.2003.10.003