Some effects of a decreasing elasticity of substitution between clean and dirty energy on optimal climate policy

Seminar

Speaker

Tony Wiskich, PhD Student, CAMA

Venue

Other, please see description for details

Date

Thursday, 23 May, 2019 - 11:00 to 12:00

Using a climate model with endogenous technology, this seminar investigates the implications of a decreasing elasticity of substitution between clean and dirty energy as the share of clean energy rises. Both taxes and subsidies are needed for optimum policy. A decreasing elasticity increases the initial optimal tax on dirty energy and marginally lowers subsidies required to direct technical change towards clean energy.

Find flyers, registration, and complete event details at https://crawford.anu.edu.au/news-events/events/14276/some-effects-decreasing-elasticity-substitution-between-clean-and-dirty

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