Edenhofer, Ottmar; Lessmann, Kai; Tahri, Ibrahim - 2021
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 …Climate policy needs to set incentives for actors who face imperfect, distorted markets and large uncertainties about …