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What is Generational Benefits of Carbon Taxation about?

This document summarizes a research paper that develops an overlapping generations model to study the potential for carbon taxation policies to produce generational "win-wins" by making all current and future generations better off. The model includes fossil fuel extraction costs, clean energy production, climate damages, and an authority that can redistribute gains from carbon taxation across generations. Model simulations find that a starting carbon tax of $30/ton rising at 1.5% annually can raise welfare

Author

david

Language

EN