GTAP Resources: Resource Display
| GTAP Resource #5119 |
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"Costs of Climate Mitigation Policies" by Chen, Y.-H. Henry, Mustafa Babiker, Sergey Paltsev and John Reilly Abstract The wide range of cost estimates for stabilizing climate is puzzling to policy makers and researchers. Assumptions about technology costs have been studied as one reason for cost differences. We focus on policy timing and modeling of economy-wide interactions. We find that delaying the start of a global policy by 20 years triples the needed starting carbon price and increases the macroeconomic cost by nearly 30%, and including realistic details of the economy more than double net present discounted costs over the century, which suggests that models that greatly simplify the realities of modern economies likely underestimate costs. |
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- Climate change policy |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  GTAP Resource 5119 (490.0 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
