To build or not to build? Capital stocks and climate policy
Applying climate policy in practice means considering capital stocks: some assets will pro¬duce pollution whenever they are used, and some will not. Therefore long-term abatement plans should influence current investment. Moreover, newer technologies exhibit learning-by-doing in the deploym...
| Main Authors: | , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2019
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