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Mitigation and Solar Radiation Management in Climate Change Policies

Author

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  • Manousi, Vasiliki
  • Anastasios, Xepapadeas

Abstract

We couple a spatially homogeneous energy balance climate model with an economic growth model which incorporates two potential policies against climate change: mitigation, which is the traditional policy, and geoengineering. We analyze the optimal policy mix of geoengineering and mitigation in both a cooperative and a noncooperative framework, in which we study open loop and feedback solutions. Our results suggests that greenhouse gas accumulation is relatively higher when geoengineering policies are undertaken, and that at noncooperative solutions incentives for geoengineering are relative stronger. A disruption of geoengineering efforts at a steady state will cause an upward jump in global temperature.

Suggested Citation

  • Manousi, Vasiliki & Anastasios, Xepapadeas, 2013. "Mitigation and Solar Radiation Management in Climate Change Policies," Economy and Society 150372, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemso:150372
    DOI: 10.22004/ag.econ.150372
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    File URL: https://ageconsearch.umn.edu/record/150372/files/NDL2013-041.pdf
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    Cited by:

    1. Manoussi, Vassiliki & Xepapadeas, Anastasios, "undated". "Cooperation and Competition in Climate Change Policies: Mitigation and Climate Engineering when Countries are Asymmetric," Climate Change and Sustainable Development 190930, Fondazione Eni Enrico Mattei (FEEM).
    2. Baran Doda, 2014. "Why is geoengineering so tempting?," GRI Working Papers 170, Grantham Research Institute on Climate Change and the Environment.
    3. Brock, William A. & Engström, Gustav & Grass, Dieter & Xepapadeas, Anastasios, 2013. "Energy balance climate models and general equilibrium optimal mitigation policies," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2371-2396.

    More about this item

    Keywords

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    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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