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CETA: A Model for Carbon Emissions Trajectory Assessment
Abstract
We present an economic growth and energy use model incorporating representations of greenhouse gas accumulation, global mean temperature rise, and the damage cost associated with this temperature rise. Under alternative assumptions about the damage cost function, we find optimal time paths of CO2 emissions control and associated optimal carbon taxes. Our work indicates that with plausible assumptions, an optimal carbon tax will rise over time, in contrast to the “hump-shaped” carbon taxes implied by CO2 reduction policies currently being discussed. Our work also suggests that the damage cost function would have to be both high and nonlinear in order to justify the general level of CO2 control and carbon taxes implied by these policies.
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Citations
Cited by
Rolling the ‘DICE’: an optimal transition path for controlling greenhouse gases
Nordhaus, W. D. (1993) · Resource and Energy Economics · doi:10.1016/0928-7655(93)90017-o · Cited by 567
Costs of Reducing Global Carbon Emissions
Weyant, J. P. (1993) · Journal of Economic Perspectives · doi:10.1257/jep.7.4.27 · Cited by 142
Evolutionary Climate-Change Modelling: A Multi-Agent Climate-Economic Model
Geisendorf, S. (2018) · Computational Economics · doi:10.1007/s10614-017-9740-2 · Cited by 11
Metadata
- Authors
- Peck, S. C., & Teisberg, T. J.
- Venue
- The Energy Journal
- Publisher
- SAGE Publications
- Published
- 1992-01
- Volume
- 13
- Issue
- 1
- Pages
- 55-77
- ISSN
- 0195-6574 (ISSN-L)
- 1944-9089
- OpenAlex
- W2008438958
- Cited by
- 372
- References
- 0
- FWCI
- 54.62
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: CETA: A Model for Carbon Emissions Trajectory Assessment. https://app.cochat.ai/papers/10.5547/issn0195-6574-ej-vol13-no1-4
- The paper
- Peck, S. C., & Teisberg, T. J. (1992). CETA: A Model for Carbon Emissions Trajectory Assessment. The Energy Journal. https://doi.org/10.5547/issn0195-6574-ej-vol13-no1-4
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
