Climate Policy Under Intergenerational Discounting
An Application of the Dynamic Integrated Climate-Economy Model| By: | Jonathan Orlando Zaddach |
| Publisher: | Springer Nature |
| Print ISBN: | 9783658121334 |
| eText ISBN: | 9783658121341 |
| Edition: | 0 |
| Copyright: | 2016 |
| Format: | Page Fidelity |
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In this thesis, Orlando Zaddach applies a discounting scheme derived by Krysiak (2010) in the latest DICE model and presents its implications for optimal climate policy. Furthermore, he carries out a one-factor-at-a-time (OFAT) sensitivity analysis to check the discounting scheme for robustness. It turns out that the proposed discounting scheme fails in incorporating consumer sovereignty and intergenerational equity sufficiently.