Carbon prices for the next hundred years

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.author Gerlagh, Reyer
dc.contributor.author Liski, Matti
dc.date.accessioned 2017-01-19T11:33:45Z
dc.date.issued 2018
dc.identifier.citation Gerlagh , R & Liski , M 2016 , ' Carbon prices for the next hundred years : carbon prices ' ECONOMIC JOURNAL , pp. 1-50 . DOI: 10.1111/ecoj.12436 en
dc.identifier.issn 0013-0133
dc.identifier.other PURE UUID: e09a3521-7cde-40e5-bf39-647db3d0c51b
dc.identifier.other PURE ITEMURL: https://research.aalto.fi/en/publications/carbon-prices-for-the-next-hundred-years(e09a3521-7cde-40e5-bf39-647db3d0c51b).html
dc.identifier.other PURE FILEURL: https://research.aalto.fi/files/10471955/CarbonLearning.pdf
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/24393
dc.description.abstract This paper examines the socially optimal pricing of carbon emissions over time when climate-change impacts are unknown, potentially high-consequence events. The carbon price tends to increase with income. But learning about impacts, or their absence, decouples the carbon price from income growth. The price should grow faster than the economy if the past warming is not substantial enough for learning the true long-run social cost. It grows slower than the economy as soon as the warming generates information about events that could have arrived but have not done so. A quantitative assessment shows that the price grows roughly at the rate of the economy for the next 100 years. en
dc.format.extent 50
dc.format.extent 1-50
dc.format.mimetype application/pdf
dc.language.iso en en
dc.relation.ispartofseries ECONOMIC JOURNAL en
dc.rights openAccess en
dc.subject.other 511 Economics en
dc.title Carbon prices for the next hundred years en
dc.type A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä fi
dc.description.version Peer reviewed en
dc.contributor.department Tilburg University
dc.contributor.department Department of Economics
dc.subject.keyword 511 Economics
dc.identifier.urn URN:NBN:fi:aalto-201701191340
dc.identifier.doi 10.1111/ecoj.12436
dc.date.embargo info:eu-repo/date/embargoEnd/2019-01-01


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