In this seminar Tony Wiskich will present his thesis proposal review on Economic Modelling of Climate Change. He will discuss preliminary results for the first paper on the uncertainty of climate tipping points and the optimal carbon tax. The paper incorporates a tipping point into a prominent climate DSGE model and investigates sensitivities to tipping point characteristics, energy substitutability and technology growth. He will then discuss his plan for the second paper on a treatment of electricity generation for macroeconomic climate models. The treatment considers factor and variable costs, intermittency and dispatchable storage and will be incorporated into the climate DSGE model outlined in the first paper.

Tony Wiskich is a PhD scholar at ANU. He has worked as an economist in the public and private sectors for the last decade.