Stabilising the global greenhouse A simulation model

This paper investigates the economic implications of a comprehensive approach to greenhouse policies that strives to stabilise the atmospheric concentration of greenhouse gases at an ecolocially 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 simulation runs for the period of 1990 to 2110, the economics of greenhouse gas accumulation are explored. In particular, the long-run cost associated with the above stabilisation target are evaluated for three different policy scenarios: i) A comprehensive approach that covers all major greenhouse gases simultaneously, ii) a piecemeal approach that is limited to reducing CO_2 emissions, and iii) a ten-year moratorium that postpones abatement effort until new scientific evidence on the greenhouse effect will become available. Comparing the simulation results suggests that a piecemeal approach would considerably increase total cost, whereas a ten-year moratorium might be reasonable even if the probability of 'good news' is comparatively small. (orig.)Available from TIB Hannover: RN 2894(604) / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Technische InformationsbibliothekSIGLEDEGerman