Making climate policy more like monetary policy: Calibrating climate policy through corporate solvency

We propose that corporate solvency metrics be used as an objective tool for policymakers to calibrate the optimal magnitude of climate policies, and thereby achieve greater emissions abatement at lower social cost. In particular, solvency metrics could calibrate the optimal severity of climate polic...

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Bibliographic Details
Main Authors: Caldecott, B, Dericks, G
Format: Report
Published: Smith School of Enterprise and the Environment 2015