Why climate policy scenarios are important, how to use them, and what has been learned
October 11 ,2022 |
Roshen Fernando, Weifeng Liu, and Warwick J. McKibbin
In an ideal world without uncertainty, policymakers should use a range of policies to reduce greenhouse gas emissions, but the core policy should be to price carbon emissions at the level of the marginal cost of carbon emissions, or equal to the social cost of carbon emissions.
