The global warming game - simulations of a CO2-reduction agreement

Article Abstract:

International cooperation is essential to the success of any greenhouse gas reduction program. However, the question of how greenhouse gas abatement should be divided between regions continue to hinder greenhouse gas reduction efforts. To help resolve this problem, a cost-benefit model that shows the reduction of carbon gases as a reciprocal-externality game between five regions is developed. Results indicate that economic factors are largely to blame for differences in countries' attitudes towards an international carbon gas reduction agreement.

Environmental Programs, Models, Usage, Economic aspects, Global warming, Cost benefit analysis, Environmental policy, Computer simulation, Environmental protection, International cooperation

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Optimal climate policy under the possibility of a catastrophe

Article Abstract:

Research was conducted to examine the possible effects of a catastrophe to optimal emissions of greenhouse gases. The model used considers both the possibility of a catastrophic results and lasting climate-feedback damages. Results showed a strong demand for high abatement, despite unbelief on climate catastrophe, due to the effects of continuous climate-feedback. Findings also support the conclusion that the probability of high-consequence results is a big issue in cutting greenhouse gas emissions.

Air pollution, Disasters

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What to expect from an international system of tradable permits for carbon emissions

Article Abstract:

Research was conducted to examine the effectiveness of the international emissions permits system in controlling carbon dioxide emissions worldwide. using a multi-sectoral and econometrically-estimated multi-region equilibrium model. Results showed that predictions on the possible domestic effects of emissions mitigation policy are influenced by capital flows and international trade which are contrary to results of earlier studies.

International aspects, International trade, Air quality management

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