Uncertain discount rates in climate policy analysis

By Richard G. Newell, William A. Pizer. 2004

121 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change

View Paper: https://www.semanticscholar.org/paper/c8a69c7bf3b08d2d7d389013fc213c4e2f96cdd7

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In Economics and Econometrics

In Global and Planetary Change

Citations in the corpus

Current State of Development of Electricity-Generating Technologies: A Literature Review (2010, background): “3 in [1]; l [8]; m 75 g/kWh with enhanced oil recovery, [9]; n base cost + cost for capture, transport, and storage, 0 value indicates net economic benefit in enhanced oil recovery; o [6]; p Table 1 in [10]; q thermal reactors only; r [11]; s [2, 14]; t [15], Tabble 2-17; u [16]; v [17]; w [19]; x h”
Uncertain climate thresholds and optimal economic growth (2004, background): “Newell and Pizer [37] explore this issues and estimate the effective discount rate implied by the historic record.”
Risk-Adjusted Gamma Discounting (2010, unknown): “Let the maximized value of V in ( 8 ) be denoted V �”
Why Worry about Climate Change? A Research Agenda (2008, unknown): “A cross-sectional analysis of per capita income and temperature may suggest that 5 Some recent studies (Nordhaus and Boyer, 2000; Newell and Pizer, 2003, 2004; Guo et al., 2006) use declining discount rates, as advocated by Gollier (2002a,b) and Weitzman (2001).”
How Should the Distant Future Be Discounted When Discount Rates are Uncertain? (2010, background): “( 10 ) has a unique interior bounded solution for all i. Denote the deterministic optimal consumption trajectory in state i as C∗i =( C∗”
The economics (or lack thereof) of aerosol geoengineering (2009, methodology): “In the continuous aerosol geoengineering case, stratospheric sulfite aerosols are released in the atmosphere in the years 2015 to perfectly offset the anthropogenic climate forcings to the levels of the year 1750 (Fig.”
The Long-Run Discount Rate Controversy (2014, methodology): “Newell and Pizer (2003, 2004) and Groom, Koundouri, Panopoulou and Pantelidis, (2007) have calibrated this model by using long time series of interest rates in different countries.”