Technology Policy Institute, University of California, Berkeley - Energy and Resources Group, University of Oxford - Department of Economics, University of California, Irvine - Department of Economics, Bennett Institute for Public Policy, University of Cambridge, University of Cambridge - Faculty of Economics and Politics, London School of Economics - Grantham Research Institute on Climate Change and the Environment and Department of Geography and Environment, affiliation not provided to SSRN, Columbia University - Columbia Business School, Finance, London School of Economics, Grantham Research Institute, University of Oslo, University of California, Santa Barbara (UCSB) - Department of Economics, University of Hamburg, Yale University - School of Forestry & Environmental Studies, University of Oslo - Department of Economics, Resources for the Future, Milken Institute, O'Neill School of Public and Environmental Affairs, University of Oxford, University of Maryland, Fondazione Eni Enrico Mattei (FEEM), The University of Manchester - Faculty of Humanities, PBL Netherlands Environmental Assessment Agency (Bilthoven), Athens University of Economics and Business, Columbia University - School of International & Public Affairs (SIPA) and Harvard University