Cumulative Emissions,Unburnable Fossil Fuel and the Optimal Carbon Tax

Armon Rezai and Frederick (Rick) van der Ploeg

Ecological Economics Papers from Institute of Ecological Economics

Abstract: A new IAM is used to calculate the optimal tradeoff between, on the one hand,locking up fossil fuel and curbing global warming, and, on the other hand, are the key driving force of changes in temperature. We highlight how time impatience, intergenerational inequality aversion and expected trend growth affect the time paths of the optimal global carbon tax and the optimal amount of fossil fuel reserves to leave untapped. We also compare these with the adverse and deleterious global warming trajectories that occur if no policy actions are taken.

Keywords: unburnable fossil fuel; cumulative emissions; optimal carbon tax; Oxford carbon cycle; trend growth; intergenerational inequality aversion; time impatience (search for similar items in EconPapers)
Date: 2016-01
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
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Related works:
Journal Article: Cumulative emissions, unburnable fossil fuel, and the optimal carbon tax (2017)
Working Paper: Cumulative Emissions, Unburnable Fossil Fuel and the Optimal Carbon Tax (2016)
Working Paper: Cumulative Emissions, Unburnable Fossil Fuel and the Optimal Carbon Tax (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwiee:ieep8

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