Sustainable greenhouse policies: The role of non-CO 2 gases

Arbeitspapier

This paper investigates the economic implications of a comprehensive approach to sustainable greenhouse policies that strives to stabilise the atmospheric concentration of the five major greenhouse gases at an ecologically determined threshold level. In a theoretical optimisation model conditions for an efficient allocation of abatement effort among pollutants and over time are derived. The model is empirically specified and adapted to a dynamic GAMS-algorithm. By various simulations run for a time period of 200 years (1990 to 2190), the economics of greenhouse gas accumulation are explored. In particular, the long-run costs associated with the above stabilisation target are evaluated for two different policy scenarios: a comprehensive approach that covers all major greenhouse gases simultaneously and a "piecemeal approach" that is limited to reducing CO2 or a selected subset of greenhouse gases, respectively. By comparing the simulation results, the potential losses in efficiency associated with a piecemeal approach are evaluated, and some policy implications are discussed.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 54.1997

Classification and Topics

• Classification: Wirtschaft ; Renewable Resources and Conservation: General
• Subject: Climate change ; Sustainable development ; Environmental policy ; Umweltpolitik ; Luftverschmutzung ; Klimawandel ; Nachhaltige Entwicklung ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Michaelis, Peter
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 1997

Further information

• Handle: http://hdl.handle.net/10419/154817
• Last update: 10.03.2025, 11:42 AM CET