http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2273439
Mitigation and Solar Radiation Management in Climate Change Policies Vasiliki Manousi Anastasios Xepapadeas Abstract: We couple a spatially homogeneous energy balance climate model with an economic growth model which incorporates two potential policies against climate change: mitigation, which is the traditional policy, and geoengineering. We analyze the optimal policy mix of geoengineering and mitigation in both a cooperative and a noncooperative framework, in which we study open loop and feedback solutions. Our results suggests that greenhouse gas accumulation is relatively higher when geoengineering policies are undertaken, and that at noncooperative solutions incentives for geoengineering are relative stronger. A disruption of geoengineering efforts at a steady state will cause an upward jump in global temperature. Keywords: Climate Change, Mitigation, Geoengineering, Cooperation, Differential Game, Open Loop - Feedback Nash Equilibrium -- You received this message because you are subscribed to the Google Groups "geoengineering" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/geoengineering?hl=en. For more options, visit https://groups.google.com/groups/opt_out.
