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1 - Understanding Deep Decarbonisation over the Long Run

Published online by Cambridge University Press:  01 February 2024

Grégory Claeys
Affiliation:
Bruegel
Marie Le Mouel
Affiliation:
Bruegel
Simone Tagliapietra
Affiliation:
Bruegel
Guntram B. Wolff
Affiliation:
German Council on Foreign Relations
Georg Zachmann
Affiliation:
Bruegel
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Summary

This chapter illustrates how economists have traditionally thought about decarbonisation. It notably provides an overview of the structure and key assumptions of Integrated Assessment Models, the main tool used by economists to model climate–economic interactions, with the aim of discussing their main policy lessons with regard to the macroeconomic implications of decarbonisation.

Type
Chapter
Information
The Macroeconomics of Decarbonisation
Implications and Policies
, pp. 12 - 42
Publisher: Cambridge University Press
Print publication year: 2024

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