THE ECONOMICS OF STABILIZING ATMOSPHERIC CO2 CONCENTRATIONS

This paper examines the economics of stabilizing atmospheric CO2 conce ntrations, A particular concentrations target can be achieved in a var iety of ways, It turns out that the choice of emissions time-path is a s important as the concentrations level itself in determining the ulti mate price-tag, Rather than choosing arbitrary emission trajectories, more attention needs to be devoted to identifying those paths that min imize the costs of achieving a specific target.