Climate Policy Under Intergenerational Discounting
Author | : Jonathan Orlando Zaddach |
Publisher | : Springer |
Total Pages | : 67 |
Release | : 2015-11-26 |
ISBN-10 | : 9783658121341 |
ISBN-13 | : 3658121343 |
Rating | : 4/5 (343 Downloads) |
Download or read book Climate Policy Under Intergenerational Discounting written by Jonathan Orlando Zaddach and published by Springer. This book was released on 2015-11-26 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this thesis, Orlando Zaddach applies a discounting scheme derived by Krysiak (2010) in the latest DICE model and presents its implications for optimal climate policy. Furthermore, he carries out a one-factor-at-a-time (OFAT) sensitivity analysis to check the discounting scheme for robustness. It turns out that the proposed discounting scheme fails in incorporating consumer sovereignty and intergenerational equity sufficiently.