Second-best renewable subsidies to de-carbonize the economy: commitment and the green paradox

Climate change must deal with two market failures: global warming and learning by doing in renewable energy production. The first-best policy consists of an aggressive renewables subsidy in the near term and a gradually rising and falling carbon tax. Given that global carbon taxes remain elusive, po...

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Bibliographic Details
Main Authors: Van der Ploeg, R, Rezai, A
Format: Working paper
Published: University of Oxford 2016