On the economics of decarbonization in an imperfect world
نویسندگان
چکیده
The economics of decarbonization have become an important topic over the last decade, as many research groups have explored the costs and technologies of decarbonization. These scenarios have been widely used by institutions like the Intergovernmental Panel on Climate Change (IPCC) and many national advisory bodies across the globe. However, most of these scenarios and cost estimates have been derived under the restrictive and unrealistic assumptions that all relevant technologies are available, that all countries will participate in an international agreement to control green house gas (GHG) emissions, and that all these countries will immediately implement their GHG mitigation plans. Therefore, inertia, pathdependencies of infrastructure investments, and the impact of myopic behavior on the costs of mitigation have been widely ignored. In addition, most of the scenarios have not analyzed explicitly the design of policy instruments. The impact of rent generation and rent Climatic Change (2012) 114:1–8 DOI 10.1007/s10584-012-0549-7
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