Policies designed to control greenhouse gases imply domestic tradeoffs and international externalities, which lead to both domestic and international conflicts, influencing their feasibility and implementations. Our paper investigates two quantitative aspects within this debate. We intend to quantify the impact of: (a) the internalization of international externalities; and (b) the damage associated with a short-term view of climate policies. In this respect, we adopt the innovative (in this field) idea of model predictive control to formalize moving-horizon policy strategies and, thus, to build counterfactuals characterized by a different horizon for all policymakers.

Greenhouse gases mitigation. Global externalities and short-termism / Bartolomeo, Di; Behnaz Minooei Fard, ; Semmler, Willi. - In: ENVIRONMENT AND DEVELOPMENT ECONOMICS. - ISSN 1355-770X. - (2022), pp. 1-12. [10.1017/S1355770X22000249]

Greenhouse gases mitigation. Global externalities and short-termism

Di Bartolomeo;Willi Semmler
2022

Abstract

Policies designed to control greenhouse gases imply domestic tradeoffs and international externalities, which lead to both domestic and international conflicts, influencing their feasibility and implementations. Our paper investigates two quantitative aspects within this debate. We intend to quantify the impact of: (a) the internalization of international externalities; and (b) the damage associated with a short-term view of climate policies. In this respect, we adopt the innovative (in this field) idea of model predictive control to formalize moving-horizon policy strategies and, thus, to build counterfactuals characterized by a different horizon for all policymakers.
2022
climate policy; CO2 concentration; global warming; non-linear model predictive control; short-termism
01 Pubblicazione su rivista::01a Articolo in rivista
Greenhouse gases mitigation. Global externalities and short-termism / Bartolomeo, Di; Behnaz Minooei Fard, ; Semmler, Willi. - In: ENVIRONMENT AND DEVELOPMENT ECONOMICS. - ISSN 1355-770X. - (2022), pp. 1-12. [10.1017/S1355770X22000249]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1668478
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