ENDOGENOUS GROWTH, CONVEXITY OF DAMAGE AND CLIMATE RISK: HOW NORDHAUS' FRAMEWORK SUPPORTS DEEP CUTS IN CARBON EMISSIONS

'To slow or not to slow' (Nordhaus, 1991) was the first economic appraisal of greenhouse gas emissions abatement and founded a large literature on a topic of worldwide importance. We offer our assessment of the original article and trace its legacy, in particular Nordhaus's later seri...

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Volume: 125
Main Author: Simon Dietz
Nicholas Stern
William D. Nordhaus
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: OXFORD John Wiley & Sons Ltd 01.03.2015
OXFORD UNIV PRESS
Wiley Subscription Services, Inc
published in: The Economic journal (London) Vol. 125; no. 583; pp. 574 - 620
ORCID: 0000-0001-5002-018X
Data of publication: 20150301
ISSN: 0013-0133
1468-0297
EISSN: 1468-0297
Discipline: Economics
Bibliography: We thank Emanuele Campiglio, Antoine Dechezleprêtre, Baran Doda, David Greenaway, Tom McDermott, Elisabeth Moyer, Antony Millner, Bill Nordhaus and Bob Pindyck for helpful comments and discussions, and the editor, Rachel Griffiths. We also acknowledge the financial support of the Grantham Foundation for the Protection of the Environment and the Economic and Social Research Council. We alone are responsible for the content.
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