Hassler, John, Krusell, Per and Nycander, Jonas (2016) Climate policy. Economic Policy, 31 (87). 503 - 558. ISSN 0266-4658
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Identification Number: 10.1093/epolic/eiw007
Abstract
This paper makes suggestions for climate policy and defends them based on recent research in economics and the natural sciences. In summary: (i) the optimal carbon tax is rather modest; (ii) the key climate threat is coal; (iii) a carbon tax is to be preferred over a quantity-based system; (iv) the optimal tax on carbon does not appreciably harm growth; (v) subsidies to green technology are beneficial for the climate only to the extent that they make green technology outcompete coal; and (vi) a carbon tax is politically feasible.
| Item Type: | Article |
|---|---|
| Official URL: | https://academic.oup.com/economicpolicy |
| Additional Information: | © 2016 CEPR, CESifo, Sciences Po |
| Divisions: | Economics |
| Subjects: | G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HJ Public Finance |
| JEL classification: | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters |
| Date Deposited: | 13 Jul 2020 13:15 |
| Last Modified: | 28 Feb 2024 04:54 |
| URI: | http://eprints.lse.ac.uk/id/eprint/105625 |
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