29 mars 2019

Heure: 9h00
Lieu: DES-2137

Détails supplémentaires

Arthur Silve vous invite à la prochaine séance des "déjeuners de l'économie", le vendredi 29 mars à 9h00, au local DES-2237

Le papier proposé est : Steering the Climate System: An Extended Comment, par Linus Mattauch, Richard Millar, Frederick van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern, Alexander Teytelboym.
Cet article critique Steering the Climate System: Using Inertia to Lower the Cost of Policy, de Derek Lemoine et Ivan Rudik.

Comme d'habitude, le Département d'économique vous offre café et croissants.
Ci-dessous le résumé du papier. 

Abstract: Lemoine and Rudik (2017) argue that it is efficient to delay reducing carbon emissions, because there is substantial inertia in the climate system. However, this conclusion rests upon misunderstanding the relevant climate physics: there is no substantial lag between CO2 emissions and warming, which policy could rely upon. Applying a mainstream climate physics model to the economics of Lemoine and Rudik (2017) invalidates the article’s implications for climate policy: the cost-effective carbon price that limits warming to a range of targets including 2 o C starts high and increases at the interest rate.