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Climate Policy Under Intergenerational Discounting: An Application of the Dynamic Integrated Climate-Economy Model

Climate Policy Under Intergenerational Discounting: An Application of the Dynamic Integrated Climate-Economy Model

Paperback

Series: Bestmasters

EconomicsGeneral Political Science

ISBN10: 3658121335
ISBN13: 9783658121334
Publisher: Springer Nature
Published: Dec 3 2015
Pages: 64
Weight: 0.24
Height: 0.18 Width: 5.83 Depth: 8.27
Language: English
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.

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General Political Science