Robust Dynamic Energy Use and Climate Change
December 4, 2015 | Ted Temzelides

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Ted Temzelides
Baker Institute Rice Faculty Scholar | George and Cynthia Mitchell Professor in Sustainable DevelopmentBy Xin Lin, Borghan Narajabad and Ted Temzelides
This working paper studies optimal taxation in a dynamic stochastic economy in which there is uncertainty about the effects of climate change. It concludes that model uncertainty has significant quantitative implications regarding optimal greenhouse gas emissions and the optimal mix of fossil fuel used.