On Some Integrated Assessment Modeling Debates
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概要
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This paper examines three questions that often come up in the integrated assessment debates : discounting, technical change, and the speed limit of global warming. The gaps in the debate on the rate of return on capital vs. consumption rate of interest can be narrowed if negative externalities and the effect of environmental degradation on consumption utility are properly taken into account in the dynamic social optimality condition. Endogenization of technical change in the energy sector will also narrow the gap between early and delayed mitigation debates. Finally, the need for limiting the speed of temperature increase in, say, decadal time period is discussed.
- 関西学院大学の論文