Dynamic Integrated Model of Climate (DICE) asks whether to consume, invest in productive capital, or slow climate change via reducing greenhouse-gas emissions
Since it optimizes, it gives optimal levels for each.
Economic model – use carbon tax rising from $5 per ton to around $20 per ton by end of 21st century.
Stabilize emissions- carbon tax of $0 per ton rising to $500 per ton
Stabilize climate: carbon tax of $100 per ton rising to $1,000 per ton
See Figure 3.