Uncertainty and endogenous technical change in climate policy models

Erin Baker and Ekundayo Shittu

Energy Economics, 2008, vol. 30, issue 6, 2817-2828

Abstract: Until recently endogenous technical change and uncertainty have been modeled separately in climate policy models. In this paper, we review the emerging literature that considers both these elements together. Taken as a whole the literature indicates that explicitly including uncertainty has important quantitative and qualitative impacts on optimal climate change technology policy.

Keywords: Uncertainty; Climate; change; Technology; R&D; Environmental; policy (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:30:y:2008:i:6:p:2817-2828

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