IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-00716356.html
   My bibliography  Save this paper

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

Author

Listed:
  • L. Doyen

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

  • Patrice Dumas

    () (LMD - Laboratoire de Météorologie Dynamique (UMR 8539) - UPMC - Université Pierre et Marie Curie - Paris 6 - INSU - CNRS - Institut national des sciences de l'Univers - X - École polytechnique - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - Département des Géosciences - Ecole Normale Supérieure - Paris - ENS Paris - École normale supérieure - Paris)

  • P. Ambrosi

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

Abstract

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.

Suggested Citation

  • L. Doyen & Patrice Dumas & P. Ambrosi, 2008. "Optimal timing of CO2 mitigation policies for a cost-effectiveness model," Post-Print hal-00716356, HAL.
  • 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
    as

    Download full text from publisher

    File URL: https://hal-enpc.archives-ouvertes.fr/hal-00716356/document
    Download Restriction: no

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-00716356. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.