Global Demographic Change, Carbon Emissions, the Optimal Carbon Price and Carbon Abatement
This paper empirically analyses the prospective impact of global demographic change on the time path of the optimal carbon price, global emissions and global carbon abatement. The approach is to apply a simple Ramsey model in order to examine the effect of global demographic change on the fundamental drivers of the optimal carbon price and optimal abatement. The results suggest a policy trade-off to some extent between mitigating population ageing and mitigating climate change. The lower fertility scenario, which implies an older future population, results in lower carbon emissions and therefore a lower optimal carbon price. Policies to mitigate population ageing would therefore increase carbon emissions and increase the carbon price.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:bpj:glecon:v:10:y:2010:i:2:n:8. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If references are entirely missing, you can add them using this form.