Global warming and greenhouse gases are a dynamic system with positive feedback effects.Fossil fuels are an exhaustible resource. These two facts mean that in the most basic of models, innovation in clean energy technology makes the global warming problem worse, not better. This paper explores the impact of innovation and its interaction with carbon taxes in the simplest model linking the theory of exhaustible resources with the dynamics of global warming.
Date: February 3, 2011
Time: 3:00 P.M.
New Seminar Room [First Floor],
Department of Economics, Delhi School of Economics. New Delhi-110007(INDIA)