We study the impact on oil and gas activity in a mature province like Norway of limiting global warming to 1.5 ºC. To achieve net zero emissions, we consider global demand-side policies such as high CO2 taxes, very strong energy efficiency improvement and large amounts of renewables in...

In absence of joint global climate action, several jurisdictions unilaterally restrict their domestic demand for fossil fuels. Another policy option for fossil fuel producing countries, not much explored, is to reduce own supply of fossil fuels. We explore analytically and numerically how...

This paper concerns optimal emissions of greenhouse gases when catastrophic consequences are possible. A numerical model is presented which takes into account both continuous climate-feedback damages as well as the possibility of a catastrophic outcome. The uncertainty in the model concerns...