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FEEM Working Papers, Fondazione Eni Enrico Mattei >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/59739
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Brock, William | | en_US |
| dc.contributor.author | | Engstrom, Gustav | | en_US |
| dc.contributor.author | | Xepapadeas, Anastasios | | en_US |
| dc.date.accessioned | | 2012-05-18 | | en_US |
| dc.date.accessioned | | 2012-07-13T14:52:56Z | | - |
| dc.date.available | | 2012-07-13T14:52:56Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/59739 | | - |
| dc.description.abstract | | A simplified energy balance climate model is considered with the global mean temperature as the state variable, and an endogenous ice line. The movements of the ice line towards the Poles are associated with damage reservoirs where initial damages are high and then eventually vanish as the ice caps vanish and the damage reservoir is exhausted. We couple this climate model with a simple economic growth model and we show that the endogenous ice line induces a nonlinearity. This nonlinearity when combined with two sources of damages - the conventional damages due to temperature increase and the reservoir damages - generates multiple steady states and Skiba points. It is shown that the policy ramp implied by this model calls for high mitigation now. Simulation results suggest that the policy ramp could be U-shaped instead of the monotonically increasing with low starting mitigation gradualist policy ramp. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Fondazione Eni Enrico Mattei Milano | | en_US |
| dc.relation.ispartofseries | | Nota di lavoro, Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development 20.2012 | | en_US |
| dc.subject.jel | | Q54 | | en_US |
| dc.subject.jel | | Q58 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Energy Balance Climate Models | | en_US |
| dc.subject.keyword | | Damage Reservoir | | en_US |
| dc.subject.keyword | | Ice Line | | en_US |
| dc.subject.keyword | | Permafrost | | en_US |
| dc.subject.keyword | | Heat Diffusion | | en_US |
| dc.subject.keyword | | Policy Ramp | | en_US |
| dc.subject.keyword | | Skiba Points | | en_US |
| dc.title | | Energy balance climate models, damage reservoirs and the time profile of climate change policy | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 715902660 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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