An Optimal Transition Path for Controlling Greenhouse Gases

@article{Nordhaus1992AnOT,
  title={An Optimal Transition Path for Controlling Greenhouse Gases},
  author={William Nordhaus},
  journal={Science},
  year={1992},
  volume={258},
  pages={1315 - 1319}
}
  • W. Nordhaus
  • Published 20 November 1992
  • Environmental Science, Medicine
  • Science
Designing efficient policies to slow global warming requires an approach that combines economic tools with relations from the natural sciences. The dynamic integrated climate-economy (DICE) model presented here, an intertemporal general-equilibrium model of economic growth and climate change, can be used to investigate alternative approaches to slowing climate change. Evaluation of five policies suggests that a modest carbon tax would be an efficient approach to slow global warming, whereas… Expand
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