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

Katheline  Schubert; Sjak Smulders

doi:10.1016/j.jeem.2019.102249

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

Katheline Schubert, Sjak Smulders

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

We introduce ten 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 language	English
Pages (from-to)	1-22
Journal	Journal of Environmental Economics and Management
Volume	97
DOIs	https://doi.org/10.1016/j.jeem.2019.102249
Publication status	Published - Sept 2019

Keywords

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

Access to Document

10.1016/j.jeem.2019.102249

Cite this

@article{a19bcb9cd37e454eb532edaddf0dd230,

title = "How important are uncertainty and dynamics for environmental and climate policy? Some analytics",

abstract = "We introduce ten 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.",

keywords = "stochastic damages, abatement, innovation, optimal growth, discounting, habits, loss aversion, carbon budget, carbon capture and storage",

author = "Katheline Schubert and Sjak Smulders",

year = "2019",

month = sep,

doi = "10.1016/j.jeem.2019.102249",

language = "English",

volume = "97",

pages = "1--22",

journal = "Journal of Environmental Economics and Management",

issn = "0095-0696",

publisher = "Academic Press Inc.",

}

TY - JOUR

T1 - How important are uncertainty and dynamics for environmental and climate policy? Some analytics

AU - Schubert, Katheline

AU - Smulders, Sjak

PY - 2019/9

Y1 - 2019/9

N2 - We introduce ten 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.

AB - We introduce ten 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.

KW - stochastic damages

KW - abatement

KW - innovation

KW - optimal growth

KW - discounting

KW - habits

KW - loss aversion

KW - carbon budget

KW - carbon capture and storage

U2 - 10.1016/j.jeem.2019.102249

DO - 10.1016/j.jeem.2019.102249

M3 - Article

SN - 0095-0696

VL - 97

SP - 1

EP - 22

JO - Journal of Environmental Economics and Management

JF - Journal of Environmental Economics and Management

ER -

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

Abstract

Keywords

Access to Document

Fingerprint

Cite this