Uncertain climate thresholds and optimal economic growth

Article Abstract:

The effects of uncertainty and learning about a climate threshold, an uncertain ocean thermohaline circulation collapse, in an economic optimal growth model are explored. The analysis shows that reduction in carbon dioxide (CO2) emission can be justified to avoid or delay small damages from an uncertain and irreversible climate change.

Prevention, Influence, Climatic changes, Climate change, Emissions (Pollution), Automotive emissions

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Price volatility and risk exposure: on market-based environmental policy instruments

Article Abstract:

The commonly considered regulatory instruments of taxes and quotas are compared and are affected quantitatively by the risk aversion and uncertainty. The efficacy of price and quantity controls as environmental policy instruments in a stochastic setting in which agents are risk averse is explored.

Taxation

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Growth, environment and innovation-a model with production vintages and environmentally oriented research

Article Abstract:

An innovative environmental new growth model driven by researchers striving for monopoly profits is developed. The model can be seen as an early step in modeling technological change and environment in full endogenous growth context.

Analysis, Sustainable development, Environmental research

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