Mirage on the Horizon: Geoengineering and Carbon Taxation Without Commitment
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We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and may
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美国国家经济研究局创建时间：
2018-03-01
