全球智库信息集成服务系统(G2TT): Disentangling the Stern/Nordhaus Controversy: Beyond the Discounting Clash

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Disentangling the Stern/Nordhaus Controversy: Beyond the Discounting Clash
	Etienne Espagne; Baptiste Perrissin Fabert; Antonin Pottier; Franck Nadaud; Patrice Dumas
发表日期	2012
出处	Climate Change and Sustainable Development
出版年	2012
语种	英语
摘要	The Stern/Nordhaus controversy has polarized the widely disparate beliefs about what to do in order to tackle the climate challenge. To explain differences in results and policy recommendations, comments following the publication of the Stern Review have mainly focused on the role played by the discount rate. A closer look at the actual drivers of the controversy reveals however that Stern and Nordhaus also disagree on two other parameters: technical progress on abatement costs and the climate sensitivity. This paper aims at appraising the relative impacts of such key drivers of the controversy on the social cost of carbon and climate policy recommendations. To this end, we use the flexible integrated assessment model RESPONSE which allows us to compare very diverse worldviews, including Stern and Nordhaus’ ones within the same modelling framework and map the relative impacts of beliefs on the three key drivers of the controversy. Furthermore we appraise quantitatively, by means of a linear statistical model, the impacts on results of an extended set of core parameters of RESPONSE. We show that beliefs on long term economic growth, technical progress, the form of the climate damage function and the climate sensitivity have an impact as important as beliefs on pure time preference. Hence, we can qualify the role played by the discount rate in the Stern/Nordhaus controversy and more broadly in the definition of climate policies.
特色分类	Q54;Q58;C61
关键词	Integrated Assessment Model Discount Rate Social Cost of Carbon Abatement Policy Worldview
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/disentangling-the-stern-nordhaus-controversy-beyond-the-discounting-clash/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118089
推荐引用方式 GB/T 7714	Etienne Espagne,Baptiste Perrissin Fabert,Antonin Pottier,et al. Disentangling the Stern/Nordhaus Controversy: Beyond the Discounting Clash. 2012.

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20129121056221Nota_d（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
20129121056434NDL201（1220KB）	智库出版物		限制开放	CC BY-NC-SA	浏览