Steering the Climate System: Using Inertia to Lower the Cost of Policy: Reply

S-Tier
Journal: American Economic Review
Year: 2020
Volume: 110
Issue: 4
Pages: 1238-41

Authors (2)

Derek Lemoine (University of Arizona) Ivan Rudik (not in RePEc)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Mattauch et al. (2020) claims that the quantitative conclusions in Lemoine and Rudik (2017)—henceforth, LR17—are not robust to using a climate model consistent with recent scientific results. We observe that LR17 in fact analyzes an extension to a more realistic carbon model that generates an efficient emission tax trajectory very similar to that in Mattauch et al. (2020), and we here show that simplifications in the temperature model of LR17 do not qualitatively affect their policy conclusions. Accounting for inertia reduces the initial emission tax by 42 percent and reduces the present value of abatement cost by 39 percent.

Technical Details

RePEc Handle
repec:aea:aecrev:v:110:y:2020:i:4:p:1238-41
Journal Field
General
Author Count
2
Added to Database
2026-01-25