2019 Articles
Declining CO₂ price paths
Risk and uncertainty are important in pricing climate damages. Despite a burgeoning literature, attempts to marry insights from asset pricing with climate economics have largely failed to supplement—let alone supplant—decades-old climate–economy models, largely due to their analytic and computational complexity. Here, we introduce a simple, modular framework that identifies core trade-offs, highlights the sensitivity of results to key inputs, and helps pinpoint areas for further work.
Subjects
Files
- pnas.1817444116.pdf application/pdf 944 KB Download File
Also Published In
- Title
- PNAS
- DOI
- https://doi.org/10.1073/pnas.1817444116
More About This Work
- Academic Units
- Business
- Published Here
- August 22, 2023