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dc.contributor.authorBrock, Williamen
dc.contributor.authorEngstrom, Gustaven
dc.contributor.authorXepapadeas, Anastasiosen
dc.date.accessioned2012-05-18-
dc.date.accessioned2012-07-13T14:52:56Z-
dc.date.available2012-07-13T14:52:56Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/59739-
dc.description.abstractA 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
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x20.2012en
dc.subject.jelQ54en
dc.subject.jelQ58en
dc.subject.ddc330en
dc.subject.keywordEnergy Balance Climate Modelsen
dc.subject.keywordDamage Reservoiren
dc.subject.keywordIce Lineen
dc.subject.keywordPermafrosten
dc.subject.keywordHeat Diffusionen
dc.subject.keywordPolicy Rampen
dc.subject.keywordSkiba Pointsen
dc.titleEnergy balance climate models, damage reservoirs and the time profile of climate change policy-
dc.typeWorking Paperen
dc.identifier.ppn715902660en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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