The permafrost carbon feedback in DICE-2013R modeling and empirical results
| Autor: | Joachim Rathmann, Peter Michaelis, Heiko Wirths |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
DICE model 010504 meteorology & atmospheric sciences Ecology Natural resource economics media_common.quotation_subject 05 social sciences Global warming Climate change chemistry.chemical_element Dice Management Monitoring Policy and Law Permafrost 01 natural sciences chemistry 0502 economics and business ddc:330 Environmental science 050207 economics Welfare Carbon 0105 earth and related environmental sciences Social policy media_common |
| Zdroj: | Environmental Economics and Policy Studies. 20:109-124 |
| ISSN: | 1867-383X 1432-847X |
| DOI: | 10.1007/s10018-017-0186-5 |
| Popis: | Climate feedback mechanisms that have the potential to intensify global warming have been omitted almost completely in the integrated assessment of climate change and the economy so far. In the present paper, we incorporate the permafrost carbon feedback (PCF) into the well-known integrated assessment model DICE-2013R. We calibrate the parameters for our extended version of DICE-2013R and compute the optimal emission mitigation rates that maximize welfare. Our results indicate that accounting for the PCF leads to an increase in mitigation. Finally, we quantify the economic losses resulting from a climate policy which ignores the impacts of the PCF. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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