Climate engineering under deep uncertainty
| Autor: | Johannes Emmerling, Anastasios Xepapadeas, Vassiliki Manoussi |
|---|---|
| Přispěvatelé: | Manoussi, Vassiliki, Xepapadeas, Anastasio, Emmerling, Johannes |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
Control and Optimization 010504 meteorology & atmospheric sciences business.industry Applied Mathematics 05 social sciences Robust control Solar radiation management Uncertainty Climate change Environmental economics Climate policy 01 natural sciences Differential game 13. Climate action Software deployment 0502 economics and business Economics 050207 economics Climate engineering business 0105 earth and related environmental sciences |
| Popis: | Climate engineering, and in particular solar radiation management (SRM), is attracting increasing attention as a climate policy option. However, its potentially strategic nature and unforeseen side effects provide major policy and scientific challenges. We study the role of SRM in a two-country model with the notable feature of deep uncertainty modeled as model misspecification of SRM side effects. We find that deep uncertainty leads to a reduction in SRM deployment under both global cooperation and strategic Nash behavior, and that the effect is larger if countries act strategically. Furthermore, we demonstrate that if countries have different model confidence about SRM impacts, then the more confident country will engage more strongly in using SRM, leading this country to “free drive”. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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