Watch Your Step: Optimal Policy in a Tipping Climate

By D. Lemoine, Christian P. Traeger. 2014

312 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/b4852dc4808e95fa793161b6efb9dfcafceabe49

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In Economics and Econometrics

In Global and Planetary Change

In Management Science and Operations Research

Citations in the corpus

Tipping elements and climate–economic shocks: Pathways toward integrated assessment (2016, background): “Lenton et al. [2008]’s climatic definition retained the second element of Gladwell’s definition (a large change resulting from a small change).”
A Third Wave in the Economics of Climate Change (2015, background): “Recent efforts have also incorporated irreversible climate tipping points into stochastic versions of the DICE model (Lemoine and Traeger 2014; Cai et al. 2015; Lontzek et al. 2015).”
Optimal climate change mitigation under long-term growth uncertainty: Stochastic integrated assessment and analytic findings (2014, background): “Nordhaus’s (2008) widespread integrated assessment model DICE illustrates this point: even in the absence of any climate policy, the generations living in the year 2100 are five times richer than those living today.”
The Economic Impacts of Climate Change (2018, background): “A series of papers (Keller, Bolker, and Bradford 2004; van den Bijgaart et al. 2013; Lemoine and Traeger 2014; van der Ploeg 2014) show that catastrophes break the smoothness assumed by Golosov et al. (2014), and hence their simple function for the social cost of carbon.”
When starting with the most expensive option makes sense: Optimal timing, cost and sectoral allocation of abatement investment (2018, background): “…et al. (2009) and Bosello et al. (2010) on how considering adaptation to climate change impacts may aﬀect optimal mitigation; Hwang et al. (2013) and Lemoine and Traeger (2014) on the impact of fat-tailed risks and the role of tipping points; and Heal and Millner (2014) on the choice of the…”