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Uncertainty and endogenous technical change in climate policy models

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  • Baker, Erin
  • Shittu, Ekundayo

Abstract

Until recently endogenous technical change and uncertainty have been modeled separately in climate policy models. In this paper, we review the emerging literature that considers both these elements together. Taken as a whole the literature indicates that explicitly including uncertainty has important quantitative and qualitative impacts on optimal climate change technology policy.

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  • Baker, Erin & Shittu, Ekundayo, 2008. "Uncertainty and endogenous technical change in climate policy models," Energy Economics, Elsevier, vol. 30(6), pages 2817-2828, November.
    • Handle: RePEc:eee:eneeco:v:30:y:2008:i:6:p:2817-2828
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