G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w21355
来源IDWorking Paper 21355
Solar Geoengineering, Uncertainty, and the Price of Carbon
Garth Heutel; Juan Moreno Cruz; Soheil Shayegh
发表日期2015-07-13
出版年2015
语种英语
摘要We consider the socially optimal use of solar geoengineering to manage climate change. Solar geoengineering can reduce damages from atmospheric greenhouse gas concentrations, potentially more cheaply than reducing emissions. If so, optimal policy includes less abatement than recommended by models that ignore solar geoengineering, and the price of carbon is lower. Solar geoengineering reduces temperature but does not reduce atmospheric or ocean carbon concentrations, and that carbon may cause damages apart from temperature increases. Finally, uncertainty over climate change and solar geoengineering alters the optimal deployment of solar geoengineering. We explore these issues with an analytical model and a numerical simulation. The price of carbon is 30%-45% lower than the price recommended in a model without geoengineering, depending on the parameterizations of geoengineering costs and benefits. Carbon concentrations are higher but temperature is lower when allowing for solar geoengineering. The optimal amount of solar geoengineering is more sensitive to climate uncertainty than is the optimal amount of abatement.
主题Microeconomics ; Mathematical Tools ; Public Economics ; Taxation ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w21355
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/579027
推荐引用方式
GB/T 7714
Garth Heutel,Juan Moreno Cruz,Soheil Shayegh. Solar Geoengineering, Uncertainty, and the Price of Carbon. 2015.
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