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The dynamics of optimal abatement strategies for multiple pollutants--An illustration in the Greenhouse

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  • Moslener, Ulf
  • Requate, Till

Abstract

We investigate optimal abatement strategies for cumulative and interacting pollutants. We show that different decay rates can cause non-monotonic behavior in the optimal paths of emissions, the aggregate level of pollution, and even the relative optimal price for emissions. This contrasts strikingly with the case of a single pollutant. The results are illustrated by numerical simulations, first for instructive fictitious and second for more realistic parameters mimicking the greenhouse problem. The results add to the skepticism existing about whether the concept of global warming potential is a useful indicator for the optimal relative abatement of different GHGs over time. In fact, we show that a constant index suitable for comparing dynamically different pollutants with respect to their economic harmfulness does not exist.

Suggested Citation

  • Moslener, Ulf & Requate, Till, 2009. "The dynamics of optimal abatement strategies for multiple pollutants--An illustration in the Greenhouse," Ecological Economics, Elsevier, vol. 68(5), pages 1521-1534, March.
  • Handle: RePEc:eee:ecolec:v:68:y:2009:i:5:p:1521-1534
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    References listed on IDEAS

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    12. Ger Klaassen, 1995. "Trade-offs in sulfur emission trading in Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(2), pages 191-219, March.
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    Citations

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    Cited by:

    1. Legras, Sophie, 2010. "Managing correlated stock externalities: water taxes with a pinch of salt," Environment and Development Economics, Cambridge University Press, vol. 15(03), pages 275-292, June.
    2. Onyimadu, Chukwuemeka, 2015. "Managing an Accumulative Inorganic Pollutant: An Optimal Tax Prescription for the Social Planner," MPRA Paper 77196, University Library of Munich, Germany.
    3. Anderson, Blake & M'Gonigle, Michael, 2012. "Does ecological economics have a future?," Ecological Economics, Elsevier, vol. 84(C), pages 37-48.
    4. repec:kap:enreec:v:70:y:2018:i:1:d:10.1007_s10640-016-0109-0 is not listed on IDEAS
    5. Regnier Camille & Sophie Legras, 2014. "Urban Structure and Environmental Externalities," INRA UMR CESAER Working Papers 2014/2, INRA UMR CESAER, Centre d'’Economie et Sociologie appliquées à l'’Agriculture et aux Espaces Ruraux.
    6. repec:eee:appene:v:211:y:2018:i:c:p:1021-1029 is not listed on IDEAS
    7. Rickels, Wilfried & Merk, Christine & Honneth, Johannes & Schwinger, Jörg & Quaas, Martin F. & Oschlies, Andreas, 2018. "Schätzungen des verbleibenden CO2-Budgets täuschen über die Herausforderungen in der Klimapolitik hinweg," Kiel Working Papers 2116, Kiel Institute for the World Economy (IfW).
    8. repec:spr:ieaple:v:18:y:2018:i:2:d:10.1007_s10784-018-9390-4 is not listed on IDEAS
    9. repec:zna:indecs:v:17:y:2019:i:1-b:p:114-131 is not listed on IDEAS
    10. Legras, Sophie, 2011. "Incomplete model specification in a multi-pollutants setting: The case of climate change and acidification," Resource and Energy Economics, Elsevier, vol. 33(3), pages 527-543, September.
    11. Guy Meunier, 2015. "Prices vs. quantities in presence of a second, unpriced, externality," Working Papers hal-01242040, HAL.

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