Moving targets—cost-effective climate policy under scientific uncertainty

Climatic Change

Volumn 132, Issue 4, 2015, Pages 519-529

  Gerlagh, Reyer ^a   Michielsen, Thomas O ^b  

^a TILBURG UNIVERSITY   (Netherlands)

^b CPB NETHERLANDS BUREAU FOR ECONOMIC POLICY ANALYSIS   (Netherlands)

Author keywords

[No Author keywords available]

Indexed keywords

COST EFFECTIVENESS; STABILIZATION;

ABATEMENT COSTS; CLIMATE POLICY; COST EFFECTIVE; INTEGRATED ASSESSMENT MODELS; OPTIMAL BALANCE; SCIENTIFIC UNCERTAINTY; STABILIZATION TARGET; WORKING GROUPS;

CLIMATE CHANGE;

ABATEMENT COST; CLIMATE CHANGE; COST ANALYSIS; DECADAL VARIATION; ENVIRONMENTAL POLICY; INTEGRATED APPROACH; INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE; REGULATORY APPROACH; THRESHOLD; UNCERTAINTY ANALYSIS;

EID: 84942502289     PISSN: 01650009     EISSN: 15731480     Source Type: Journal    
DOI: 10.1007/s10584-015-1447-6     Document Type: Article

References (24)

1. Ackerman F, DeCanio SJ, Howarth RB, Sheeran K (2009) Limitations of integrated assessment models of climate change. Clim Chang 95:297–315
2. Barrett S, Dannenberg A (2012) Climate negotiations under scientific uncertainty. PNAS 109:17327–17376
3. Calvo GA (1978) On the time-inconsistency of optimal policy in a monetary economy. Econometrica 46(6):1411–1428
4. Chichilnisky G (1996) An axiomatic approach to sustainable development. Soc Choice Welf 13:231–257
5. Edenhofer, Pichs‐Madruga OR, Sokona Y et al (2014) Climate change 2014: mitigation of climate change (summary for policy makers). Cambridge University Press, Cambridge
6. Gerlagh R, Liski M (2013) Carbon prices for the next thousand years, CESifo working paper 3855
7. Gerlagh R, Liski M (2014) Carbon prices for the next hundred years, CESifo working paper 4671
8. Gerlagh R, Sterner T (2013) Rio+20: looking back at 20 years of environmental and resource economics. Environ Resour Econ 54:155–159
9. Iverson T (2013) Optimal carbon taxes with non-constant time preference, MPRA paper 49588
10. IPCC (1995) Working group III in climate change 1994: Radiative forcing of climate change and an evaluation of the IPCC IS92 emissions scenarios. In: Houghton, J. T. et al. (eds). Cambridge Univ. Press, 233–304
11. Karp L, Newbery D (1993) Chapter 19—Intertemporal Consistency Issues in Depletable Resources, In: Kneese AV, Sweeney JL (eds) Handbook of Natural Resource and Energy Economics, Elsevier, Volume 3, 881–931
12. Kydland FE, Prescott CE (1980) Dynamic optimal taxation, rational expectations and optimal control. J Econ Dyn Control 2:79–91
13. Laibson D (1997) Golden eggs and hyperbolic discounting. Q J Econ 112:443–477
14. Layton D, Levine R (2003) How much does the far future matter? A hierarchical Bayesian analysis of the public’s willingness to mitigate ecological impacts of climate change. J Am Stat Assoc 98:533–544
15. Manne AS, Mendelsohn R, Richels R (1995) MERGE, a model for evaluating regional and global effects of GHG reduction policies. Energ Policy 23:17–34
16. Michielsen T (2013) Environmental catastrophes under time-inconsistent preferences. CentER Discussion Paper Series No. 2013–013
17. Neubersch D, Held H, Otto A (2014) Operationalizing climate targets under learning: an application of cost-risk analysis. Climate Change 126:315–328
18. Nordhaus WD (1993) Optimal greenhouse-gas reductions and tax policy in the “DICE” model. Am Econ Rev 83(2):313–317
19. Nordhaus WD (2008) A question of balance: weighing the options on global warming policies. Yale University Press, New Haven
20. Randalls S (2010) History of the 2°C climate target. WIREs Clim Change 1:598–605
21. Schmidt MGW, Lorenz A, Held H, Kriegler E (2011) Climate targets under uncertainty: challenges and remedies. Climate Change 104(3–4):783–791
22. Tsur Y, Zemel A (1996) Accounting for global warming risks: resource management under event uncertainty. J Econ Dyn Control 20:1289–1305
23. Tesfatsion L (1986) Time inconsistency of benevolent government economies. J Public Econ 31(1):25–52
24. Wigley TML, Richels R, Edmonds JA (1996) Economic and environmental choices in the stabilization of atmospheric CO2 concentrations. Nature 379:240–243