This seminar will cover two papers. The first paper is on the optimal carbon tax with an endogenous chance of a tipping climate. The paper describes an integrated assessment model with an unknown climate tipping temperature threshold. Although tipping can occur in any period where temperature rises to a new maximum, the optimal carbon price can be calculated from temperature outcomes conditional on no tipping.
Find flyers, registration, and complete event details at https://crawford.anu.edu.au/news-events/events/14236/tipping-optimal-carbon-price-and-weighing-cows-and-coal