Table 4.

Parameters—elasticities and quantities.

Parameter	Source	Value
σU	Ref. 48	[0.4, 0.6, 0.5]
${\sigma }_{\mathcal{F}}$	Ref. 49	[1.13, 1.33, 1.23]
σF	Standard values for extractive sectors used in GTAP50	[0.1, 1, 0.2]
σT	Standard values for extractive sectors used in GTAP50	[0.1, 1, 0.2]
${\sigma }_{\tilde{\mathcal{F}}}$	Drawn from estimates of substitutability derived from ref. 51	[1.5, 2.1, 1.8]
σA	Ref. 26	[1.1, 1.24, 1.14]
σP	Literature suggests high complementarity, see e.g.,52	[0.05, 0.3, 0.2]
${\sigma }_{{\tilde{L}}_A}$	Assumed based on reading of the literature	[0.25, 0.75, 0.5]
${\sigma }_{\mathcal{E}}$	Ref. 53	[1.5, 2.1, 1.8]
σY	Based on Table 2 in ref. 54	[0.1, 1, 0.5]
ΛR	ref. 55	1/2.7
ΛE	Based on estimates in ref. 56	[0.8, 1.2, 1]
ΛW	Based on ref. 57	1/1.79
${\mathrm{\Lambda }}_{\mathcal{P}}$	Assumed based on reading of the literature	1/1.5
${\mathrm{\Lambda }}_{M_X}$	Assumed with wide span for robustness	[0, 2, 1]
VT	Based on ref. 26	0.05
VA	Based on ref. 26	0.05
τE	A global carbon tax currently does not exist	0.0

The values are depicted as [min, max, and mean] where the min and max values are used in the sensitivity analysis, while the mean values are used in the baseline simulation.