The possibility of greenhouse warming has received growing attention in recent years. Many scientiﬁc bodies are calling for severe curbs on the emissions of greenhouse gases. To date, the calls to arms and treaty negotiations have progressed more or less independently of economic studies of the costs and beneﬁts of measures to slow greenhouse warming. The plan of the present study is to develop a dynamic, global model of both the impacts of and policies to slow global warming. It is an integral model that incorporates both the dynamics of emissions and impacts and the economic costs of policies to curb emissions.
Nordhaus, William D., "Rolling the ‘Dice’: An Optimal Transition Path for Controlling Greenhouse Gases" (1992). Cowles Foundation Discussion Papers. 1262.