Abandoning fossil fuel: how fast and how much

Keeping climate change within limits requires that most of the available carbon-based energy sources need to be abandoned underground. We study how fast and how much this transition to carbon-free energy needs to occur within a welfare-maximizing Ramsey growth model of climate change. Our model also...

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Bibliographic Details
Main Authors: Van der Ploeg, R, Rezai, A
Format: Working paper
Published: University of Oxford 2013