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What social cost of carbon? A mapping of the climate debate
Perrissin Fabert, Baptiste; Dumas, Patrice; Hourcade, … - 2012
Given disparate beliefs about economic growth, technical change and damage caused by climate change, this paper starts with the seeming impossibility of determining a unique time profile of the social costs of carbon as a benchmark for climate negotiations and for infrastructure decisions that...
Persistent link: https://www.econbiz.de/10010330124
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A post-consumer waste management model for determining optimal levels of recycling and landfilling
Huhtala, Anni - 1997
The present study examines the optimal recycling rate for municipal solid waste. First, an optimal control model is developed to describe the waste accumulation phenomenon. The physical costs of recycling, the social costs of landfilling, and consumers' environmental preferences are accounted...
Persistent link: https://www.econbiz.de/10011608356
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General pattern formation in recursive dynamical systems models in economics
Xepapadeas, Anastasios; Brock, William - 2009
This paper presents a fairly general treatment of recursive infinite horizon forward looking optimizing systems on infinite dimensional spatial domains. It includes optimal control, an analysis of local stability of spatially flat optimal steady states and development of techniques to compute...
Persistent link: https://www.econbiz.de/10010279438
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Optimal emission policy under the risk of irreversible pollution
Kama, Alain Ayong le; Pommeret, Aude; Prieur, Fabien - 2011
We consider an optimal consumption and pollution problem that has two important features. Environmental damages due to economic activities may be irreversible and the level at which the degradation becomes irreversible is unknown. Particular attention is paid to the situation where agents are...
Persistent link: https://www.econbiz.de/10010279637
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Carbon Sequestration with Reforestations and Biodiversity-Scenic Values
Caparrós, A.; Cerdá, E.; Ovando, P.; Campos, P. - 2007
This paper presents an optimal control model to analyze reforestations with two different species, including commercial values, carbon sequestration and biodiversity or scenic values. We solve the model qualitatively with general functions and discuss the implications of partial or total...
Persistent link: https://www.econbiz.de/10010312643
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Pollution control: When, and how, to be precautious
Athanassoglou, Stergios; Xepapadeas, Anastasios - 2011
The precautionary principle (PP) applied to environmental policy stipulates that, in the presence of physical uncertainty, society must take robust preventive action to guard against worst-case outcomes. It follows that the higher the degree of uncertainty, the more aggressive this preventive...
Persistent link: https://www.econbiz.de/10010279642
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Modeling ambiguity in expert elicitation surveys: Theory and application to solar technology R&D
Athanassoglou, Stergios; Bosetti, Valentina - 2012
potential of new technologies. In this paper we propose a simple decision-theoretic framework that takes into account ambiguity … ambiguity. Our model is intuitive, captures decision makers' ambiguity attitudes, and enables simple sensitivity analysis across … levels of ambiguity. We apply our framework to original data from a recent expert elicitation survey on solar technology. The …
Persistent link: https://www.econbiz.de/10010282954
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Climate change impacts and adaptation strategies in Italy: An economic assessment
Carraro, Carlo; Sgobbi, Alessandra - 2008
In this paper, the economic value of the impacts of climate change is assessed for different Italian economic sectors and regions. Sectoral and regional impacts are then aggregated to provide a macroeconomic estimate of variations in GDP induced by climate change in the next decades. Autonomous...
Persistent link: https://www.econbiz.de/10010270923
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The economics of geological CO2 storage and leakage
van der Zwaan, Bob; Gerlagh, Reyer - 2008
The economics of CO2 capture and storage in relation to the possibility of significant leakage of CO2 from geological reservoirs once this greenhouse gas has been stored artificially underground will be among the main determinants of whether CCS can significantly contribute to a deep cut in...
Persistent link: https://www.econbiz.de/10010270925
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REDD in the carbon market: a general equilibrium analysis
Bosello, Francesco; Eboli, Fabio; Parrado, Ramiro; … - 2010
Deforestation is a major source of CO2 emissions, accounting for around 17% of total annual anthropogenic carbon release. While the cost estimates of reducing deforestation rates vary considerably depending on model assumptions, it is widely accepted that emissions reductions from avoided...
Persistent link: https://www.econbiz.de/10010272374