ezclimate 2.0.5

EZ-Climate model

EZ-Climate is a model for pricing carbon dioxide emission. It explores the implications of these richer preference specifications for the optimal  price. We develop the EZ-Climate model, a simple discrete-time model in which the representative agent has an Epstein-Zin preference specification, and in which uncertainty about the effect of  emissions on global temperature and on eventual damages is gradually resolved over time. In the EZ-Climate model the optimal price is equal to the price of one ton of  emitted at any given point in time that maximizes the utility of the representative agent at that time. We embed a number of features including tail risk, the potential for technological change, and backstop technologies. In contrast to most modeled carbon price paths, the EZ-Climate model suggests a high optimal carbon price today that is expected to decline over time. It also points to the importance of backstop technologies and to potentially very large.

## Downloads

You can find the most recent releases at: https://pypi.python.org/pypi/ezclimate/.

## Documentation
See the [EZ-Climate User's Guide](https://oscarsjogren.github.io/dlw/) for EZ-Climate documentation. (21 March 2019: Please note that we are currently revising the paper. The code is changing on a near-daily basis. The user guide, hence is no longer up-to-date, and no longer works with the Python 3.7-compliant code. We will have an update soon.)

In order to get the tip documentation, change directory to the `docs` subfolder and type in `make html`, the documentation will be under `../../ez_climate_docs/html`. You will need [Sphinx](http://sphinx.pocoo.org) to build the documentation.

See [Applying Asset Pricing Theory to Calibrate the Price of Climate Risk](https://gwagner.com/ezclimate/) for the latest working paper employing this code.

## Installation

We encourage you to use pip to install ezclimate on your system.

```bash
pip install ezclimate
```

If you wish to build from sources, download or clone the repository.

```bash
python setup.py install
```

## Requirements

EZ-Climate is compatible with Python 2 and 3. [Numpy](http://www.numpy.org/) is required, and we recommend [matplotlib](http://www.matplotlib.org/) for visualization of results.

## Authors

* Robert Litterman
* Kent Daniel
* Gernot Wagner


Keywords: EZ-climate,optimal carbon price,CO2 tax,social cost of carbon,SCC,social cost of carbon dioxide,SC-CO2
Platform: UNKNOWN
Classifier: License :: OSI Approved :: MIT License
Classifier: Programming Language :: Python :: 3.7