Climate Policy Under Intergenerational Discounting An Application of the Dynamic Integrated Climate-Economy Model

Author / Creator

Zaddach, Jonathan Orlando, author

Available as

Online

Summary

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...

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.

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