Edenhofer, Ottmar; Lessmann, Kai; Tahri, Ibrahim - 2021
Climate policy needs to set incentives for actors who face imperfect, distorted markets and large uncertainties about … are not anticipated) or increasing (when climate policy is not credible). Efficiency can be restored by carbon pricing and … creates a financial incentive that complements the carbon price. In this way the investment fund can support climate policy …