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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 13 Climate Action

Keywords

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

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10.1016/j.jeem.2019.102249

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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.",

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KW - abatement

KW - innovation

KW - optimal growth

KW - discounting

KW - habits

KW - loss aversion

KW - carbon budget

KW - carbon capture and storage

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DO - 10.1016/j.jeem.2019.102249

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JO - Journal of Environmental Economics and Management

JF - Journal of Environmental Economics and Management

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

Abstract

UN SDGs

Keywords

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