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Mengesha, I., Roy, D. Carbon pricing drives critical transition to green growth. Nat Commun

Objective:

  • Present an agent-based model that integrates the energy sector, refined household behaviour rooted in both rational and bounded rationality as per behavioral economics literature, and nuanced firm and labour market dynamics

Case:

  • Global?

Methodology:

  • ABM: Keynes + Schumpeter family

Data Source

  • Carbon
  • Energy
  • Firm
  • Household

Findings:

  • Emissions can be rapidly reduced while maintaining economic growth and decreasing inequality by combining carbon pricing with redistributive measures

Coding Reference: