Targets for Global Climate Policy: An Overview

Preprint OPEN
Richard S.J. Tol;
(2012)
  • Subject: climate change; climate policy; first-best
    • jel: jel:Q58 | jel:Q54

A survey of the economic impact of climate change and the marginal damage costs shows that carbon dioxide emissions are a negative externality. The estimated Pigou tax and its growth rate are too low to justify the climate policy targets set by political leaders. A lowe... View more
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