Climate Policy Under Intergenerational Discounting

An Application of the Dynamic Integrated Climate-Economy Model

  • Jonathan Orlando Zaddach

Part of the BestMasters book series (BEST)

Table of contents

  1. Front Matter
    Pages I-VII
  2. Jonathan Orlando Zaddach
    Pages 1-3
  3. Jonathan Orlando Zaddach
    Pages 5-9
  4. Jonathan Orlando Zaddach
    Pages 21-36
  5. Jonathan Orlando Zaddach
    Pages 37-38
  6. Back Matter
    Pages 39-64

About this book

Introduction

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 an 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.

Contents
• DICE-2013R and Other Integrated Assessment Models 
• Consumer Sovereignty vs. Intergenerational Equity: An Overview of the Stern-Nordhaus Debate 
• Intergenerational Discounting and Overlapping Generations Models 
• Intergenerational Discounting in the DICE Model


Target Groups
• Lecturers and students of environmental economics
• Professionals in the field of climate change and climate protection


About the Author
Jonathan Orlando Zaddach studied economics at the Albert-Ludwigs-University of Freiburg and wrote his master thesis at the Department for International Economic Policy under the supervision of Prof. Dr. Günther G. Schulze. His second supervisor was Prof. Dr. Frank C. Krysiak from the University of Basel. Currently he is working on his PhD thesis at the Chair of Public Finance, Friedrich-Alexander-University Erlangen-Nürnberg.

Keywords

Integrated Assessment Model Intergenerational Equity Consumer Sovereignty Climate Change Overlapping Generations Model

Authors and affiliations

  • Jonathan Orlando Zaddach
    • 1
  1. 1.Lehrstuhl VolkswirtschaftslehreFAU Universität Erlangen-NürnbergNürnbergGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-658-12134-1
  • Copyright Information Springer Fachmedien Wiesbaden 2016
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-658-12133-4
  • Online ISBN 978-3-658-12134-1
  • About this book