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This paper introduces geoengineering into an optimal control model of climate change economics. Together with mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different characteristics have important implications for climate...
Persistent link: https://www.econbiz.de/10012915191
Persistent link: https://www.econbiz.de/10011813493
This paper introduces geoengineering into an optimal control model of climate change economics. Together with mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different characteristics have important implications for climate...
Persistent link: https://www.econbiz.de/10011853285
We consider the socially optimal use of solar geoengineering to manage climate change. Solar geoengineering can reduce damages from atmospheric greenhouse gas concentrations, potentially more cheaply than reducing emissions. If so, optimal policy includes less abatement than recommended by...
Persistent link: https://www.econbiz.de/10013019489
Persistent link: https://www.econbiz.de/10012013180
Persistent link: https://www.econbiz.de/10012807419
This paper introduces geoengineering into an optimal control model of climate change economics. Together with mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. We show in the context of our model that: (i) a carbon tax is the optimal...
Persistent link: https://www.econbiz.de/10012933507
Persistent link: https://www.econbiz.de/10001617088
Persistent link: https://www.econbiz.de/10001465317
Persistent link: https://www.econbiz.de/10001585497