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Greenhouse gases mitigation: global externalities and short-termism

Author

Listed:
  • Willi Semmler
  • Giovanni Di Bartolomeo
  • Behnaz Minooei Fard

Abstract

Policies aimed at greenhouse gases mitigation involve domestic tradeoffs and international externalities, resulting in conflicts over feasibility and implementation. We investigate two aspects: the internalization of international externalities and the consequences of short-term perspectives in climate policies. Using model predictive control, we explore counterfactual scenarios with varying policy horizons for policymakers.

Suggested Citation

  • Willi Semmler & Giovanni Di Bartolomeo & Behnaz Minooei Fard, 2022. "Greenhouse gases mitigation: global externalities and short-termism," wp.comunite 00159, Department of Communication, University of Teramo.
  • Handle: RePEc:ter:wpaper:00159
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    Cited by:

    1. Braga, Joao Paulo & Chen, Pu & Semmler, Willi, 2025. "Central banks, climate risks, and energy transition—a dynamic macro model and econometric evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 29, pages 1-1, January.
    2. Semmler, Willi & Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Braga, Joao Paulo, 2022. "Limit pricing and entry game of renewable energy firms into the energy sector," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 179-190.
    3. Behnaz Minooei Fard & Willi Semmler & Giovanni Di Bartolomeo, 2023. "Rare Earth Elements: A game between China and the rest of the world," Working Papers in Public Economics 235, Department of Economics and Law, Sapienza University of Roma.

    More about this item

    Keywords

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    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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