How capital-based instruments facilitate the transition toward a low-carbon economy : a tradeoff between optimality and acceptability (English)

This paper compares the temporal profile of efforts to curb greenhouse gas emissions induced by two mitigation strategies: a regulation of all emissions with a carbon price and a regulation of emissions embedded in new capital only, using capital-based instruments such as investment regulation, differentiation of capital costs, or a carbon tax with temporary subsidies on brown capital. A Ramsey model is built with two types of capital: brown capital...

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Author

Hallegatte,Stephane;

Rozenberg,Julie;

Vogt-Schilb,Adrien Camille;
Document Date
2013/09/01
Report Number
WPS6609
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2013/09/01
Disclosure Status
Disclosed
Doc Name
How capital-based instruments facilitate the transition toward a low-carbon economy : a tradeoff between optimality and acceptability
Keywords
marginal utility of consumption

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Citation

Hallegatte,Stephane; Rozenberg,Julie; Vogt-Schilb,Adrien Camille.

How capital-based instruments facilitate the transition toward a low-carbon economy : a tradeoff between optimality and acceptability (English). Policy Research working paper ; no. WPS 6609 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/333231468313798344

How capital-based instruments facilitate the transition toward a low-carbon economy : a tradeoff between optimality and acceptability (English)

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