How important are uncertainty and dynamics for environmental and climate policy? Some analytics

Katheline Schubert, Sjak Smulders

Research output: Contribution to journalEditorialScientificpeer-review

Abstract

We introduce nine papers on sustainable resource dynamics. In addition, we provide analytical results on the effect of stochastic damages on optimal economic growth, the effects of habits and loss aversion on the cost-benefit discount rate, and the effect of a carbon budget and carbon capture and storage (CCS) on optimal investment in technical change.
Original languageEnglish
Pages (from-to)1-22
JournalJournal of Environmental Economics and Management
Volume97
DOIs
Publication statusPublished - Sep 2019

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Keywords

  • stochastic damages
  • abatement
  • innovation
  • optimal growth
  • discounting
  • habits
  • loss aversion
  • carbon budget
  • carbon capture and storage

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