no code implementations • 19 Oct 2023 • Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner
The "Hotelling rule" (HR) called to be "the fundamental principle of the economics of exhaustible resources" has a logical deficiency which was never paid a sufficient attention to.
no code implementations • 7 Nov 2022 • Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner
Shadow prices are well understood and are widely used in economic applications.
no code implementations • 8 Dec 2020 • Enayat A. Moallemi, Sibel Eker, Lei Gao, Michalis Hadjikakou, Qi Liu, Jan Kwakkel, Patrick M. Reed, Michael Obersteiner, Zhaoxia Guo, Brett A. Bryan
Progress to-date towards the Sustainable Development Goals (SDGs) has fallen short of expectations and is unlikely to fully meet 2030 targets.
no code implementations • 24 Jan 2020 • Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner
Social cost of carbon (SCC) is estimated by integrated assessment models (IAM) and is widely used by government agencies to value climate policy impacts.