Oslo Business School
Oslo Metropolitan University
We analyze how uncertainty about the sensitivity of the climate system to human emissions in optimal policy. We provide an approximate analytic formula for the uncertainty premium and calculate the premium for a full stochastic integrated assessment model.
An Introduction to the Green Paradox: The Unintended Consequences of Climate Policies
with Kristina Mohlin, Karen Pittel & Thomas Sterner.
Review of Environmental Economics & Policy, 2015
How important is the Green Paradox? We address this question in three ways. First, we present a simple model explaining how announcing a future climate policy may increase carbon emissions today – the Green Paradox effect. Second, we examine the theoretical and empirical literature to assess whether green paradoxes are likely to occur, and if they are, whether they are big enough to be of concern for policy makers. We consider long-term extraction costs, short-term extraction capacities, the mix of policy instruments, and potential spatial carbon leakage. We find that these and other factors mostly weaken the case for concern about the green paradox. Third, we identify the lessons the literature offers for policy makers.
Environmental Economics (Master level)
Oslo Metropolitan University, Fall 2018
Nature: Climate Change
American Economic Journal: Policy
European Economic Review
International Economic Review
Journal of Public Economics
Journal of Economic Dynamics and Control
Journal of the Association of Environmental and Resource Economists
Journal of Environmental Economics and Management
Environment and Resource Economics
Environment and Development Economics
Resource and Energy Economics
American Journal of Agricultural Economics