How Much Should We Spend to Fight against Climate Change? The Value of Backstop Technologies in a Simplified Model

The estimation of the social cost of climate change is typically carried out with complex, difficult to interpret, integrated assessment models (IAMs). Instead, this paper presents a simple, tractable model with which to estimate the willingness to pay of societies against climate change. The model...

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Bibliographic Details
Main Authors: Carlos Pretel, Pedro Linares
Format: Article
Language:English
Published: MDPI AG 2021-11-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/14/22/7781