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Global Demographic Change, Carbon Emissions, the Optimal Carbon Price and Carbon Abatement

Published/Copyright: May 21, 2010
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Global Economy Journal
From the journal Global Economy Journal Volume 10 Issue 2

This paper empirically analyses the prospective impact of global demographic change on the time path of the optimal carbon price, global emissions and global carbon abatement. The approach is to apply a simple Ramsey model in order to examine the effect of global demographic change on the fundamental drivers of the optimal carbon price and optimal abatement. The results suggest a policy trade-off to some extent between mitigating population ageing and mitigating climate change. The lower fertility scenario, which implies an older future population, results in lower carbon emissions and therefore a lower optimal carbon price. Policies to mitigate population ageing would therefore increase carbon emissions and increase the carbon price.

Keywords: demographic change; carbon price; carbon emissions; abatement
Published Online: 2010-5-21

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston

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https://doi.org/10.2202/1524-5861.1466
Keywords for this article
demographic change; carbon price; carbon emissions; abatement

Articles in the same Issue

  1. Article
  2. Intra-Industry Specialization in United States-Mexico Trade
  3. How Islamic are Islamic Countries?
  4. Deglobalization Scenarios: Who Wins? Who Loses?
  5. Foreign Competition, Multinational Firms, and One-Sided Wage Rigidity
  6. What's New in Our World?
  7. Responses of Monetary Policy to Inflation, the Output Gap, and Real Exchange Rates: The Case of Australia, Canada, and New Zealand
  8. A Peace Dividend for Sri Lanka: The Case for a Return to Prosperity Following the End of Hostilities
  9. An Assessment of Barbados' Competitiveness within the EU Market 1992-2006
  10. Global Demographic Change, Carbon Emissions, the Optimal Carbon Price and Carbon Abatement
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