Dietz, Simon; Ploeg, Frederick van der; Rezai, Armon; … - 2020
of CO2 emissions and warming. Second, few economic models incorporate positive feedbacks in the carbon cycle, whereby … carbon sinks remove less CO2 from the atmosphere, the more CO2 they have already removed cumulatively, and the higher is … warming leads to optimal carbon prices that are too low and too much sensitivity of optimal carbon prices to the discount rate …