Two factors have elevated recent academic and policy interest in tropical deforestation: first,
the realization that it is a major contributor to climate change; and second, a revolution in …

The concept of “peak oil” has been explored and debated extensively within the literature.
However there has been comparatively little research examining the concept of “peak …

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 …

This paper develops a model that integrates the climate and the global economy—an
integrated assessment model—with which different policy scenarios can be analyzed and …

Using a text-based firm-level measure of climate policy exposure, we show that climate
policies have led to a global decline of 6.5 percent in investment among publicly traded oil …

We develop a quantitative macroeconomic theory of input-saving technical change to
analyze how markets economize on scarce natural resources, with an application to fossil …

We develop an emission permits trading model where covered firms can (1) utilize rolling
planning horizons to deal with uncertainty and (2) exhibit bounded responsiveness to supply …

We provide a quantitative assessment of policy options to inform the 2021 review of the EU
Emissions Trading System (ETS) and raise climate ambition. We use a permit trading model …

We discuss climate change and resource scarcity from the perspective of macroeconomic
modeling and quantitative evaluation. Our focus is on climate change: we build a very …

Individuals have heterogeneous beliefs regarding the future speed and shape of the low-
carbon transition. In this paper, we study to what extent opinion diversity matters for …