Abstract
The economics of climate change is an active field of research. The contributions to a Special Issue are put in context of the literature, and it is suggested that second-best issues such as carbon leakage and the Green Paradox need to be complemented with a political economy analysis of why certain instruments are politically infeasible and with intra- and intergenerational analyses of the impact of climate policy. A case is also made for more empirical work on the gradual and catastrophic damages of global warming.
Original language | English |
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Pages (from-to) | 1-14 |
Number of pages | 14 |
Journal | Environmental and Resource Economics |
Volume | 68 |
Early online date | 1 Aug 2017 |
DOIs | |
Publication status | Published - 2017 |
Keywords
- Carbon leakage
- Climate change
- Climate damage estimates
- Distribution
- Green paradox
- Political economy
- Tipping points