Search
Results
-
Green Road is Open: Economic Pathway with a Carbon Price Escalator
(2022)Economics Working Paper SeriesWorking Paper -
All Inclusive Climate Policy in a Growing Economy: The Role of Human Health
(2023)Economics Working Paper SeriesWe determine optimal climate policy using a dynamic climate model that accounts for the damages to capital and human health from burning fossil fuels. Our theoretical macroeconomic approach incorporates a separate health sector into an integrated climate-economy framework and provides closed-form analytical solutions for the main model variables. Economic growth is endogenously driven by innovation, with labor availability and productivity, ...Working Paper -
Boosting Sluggish Climate Policy: Endogenous Substitution, Learning, and Energy Efficiency Improvements
(2024)Economics Working Paper SeriesThere is widespread concern that climate policy is moving too slowly and that decarbonization of economic development is coming too late for effective climate protection. We analyze three different effects that emerge endogenously during decarbonization and amplify current policies: growing substitutability of dirty inputs with clean inputs, learning and scale effects in new renewables, and efficiency im provements in the application of ...Working Paper -
The importance of tipping points for sustainable development
(2024)Economics Working Paper SeriesSolving major sustainability problems such as climate change and the loss of biodiversity requires overcoming a fundamental dilemma: on the one hand, central decisions on the realignment of the economy and society should be quick and far-reaching, on the other hand, actual decision-makers are strongly oriented towards established structures, which entail great inertia and path dependencies. As a result, expectations and reality are often ...Working Paper