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Optimal timing of CO2 mitigation policies for a cost-effectiveness model

Listed author(s):
  • L. Doyen

    (CESCO - Centre d'Ecologie et des Sciences de la COnservation - MNHN - Muséum National d'Histoire Naturelle - UPMC - Université Pierre et Marie Curie - Paris 6 - CNRS - Centre National de la Recherche Scientifique)

  • Patrice Dumas

    ()

    (LMD - Laboratoire de Météorologie Dynamique - ENS Paris - École normale supérieure - Paris - UPMC - Université Pierre et Marie Curie - Paris 6 - INSU - CNRS - Institut national des sciences de l'Univers - Polytechnique - X - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • P. Ambrosi

    (CIRED - Centre International de Recherche sur l'Environnement et le Développement - CIRAD - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

This paper deals with the regulation of greenhouse gases emissions related to climate change. We consider a stylized climate-economy sequential model and use a cost-effectiveness approach. The analytical study is based on a dynamic programming method. It provides both a tolerable ceiling of concentration and, under simple conditions involving the marginal abatement cost and emission functions, optimal and effective abatement rates. In particular, we prove how the cost effective abatement rate increases with time. Through the optimal time to act function, we examine in detail the role played by greenhouse gases absorption, growth and discount rates. We also analyze the paths from an intergenerational equity perspective. Numerical examples illustrate the general statements. © 2007 Elsevier Ltd. All rights reserved.

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File URL: https://hal-enpc.archives-ouvertes.fr/hal-00716356/document
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Paper provided by HAL in its series Post-Print with number hal-00716356.

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Length:
Date of creation: 2008
Publication status: Published in Mathematical and Computer Modelling, Elsevier, 2008, 48 (5-6), pp.882-897. 〈10.1016/j.mcm.2007.11.010〉
Handle: RePEc:hal:journl:hal-00716356
DOI: 10.1016/j.mcm.2007.11.010
Note: View the original document on HAL open archive server: https://hal-enpc.archives-ouvertes.fr/hal-00716356
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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  1. Gjerde, Jon & Grepperud, Sverre & Kverndokk, Snorre, 1999. "Optimal climate policy under the possibility of a catastrophe," Resource and Energy Economics, Elsevier, vol. 21(3-4), pages 289-317, August.
  2. Vincent Gitz & Philippe Ciais, 2003. "Amplifying effects of land-use change on future atmospheric CO2 levels," Post-Print halshs-00009826, HAL.
  3. Heal, G., 1998. "Valuing the Future: Economic Theory and Sustainability," Papers 98-10, Columbia - Graduate School of Business.
  4. David Keith & Minh Ha-Duong & Joshua Stolaroff, 2006. "Climate strategy with CO2 capture from the air," Post-Print halshs-00003926, HAL.
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