2002 World Congress of Environmental and Resource Economists

The paper investigates optimal abatement strategies for accumulating and interacting pollutants. We show that different decay rates can cause rather non-monotonic behavior in the optimal paths of emissions, the aggregate radiative forcing of greenhouse gases (GHGs), and even the relative optimal price for emissions. This contrasts strikingly with the case of a single pollutant. The results are exemplified by numerical simulations first for instructive fictitious and then for more realistic parameters. The results raise some skepticism as to whether the concept of global warming potential is a useful indicator for the optimal relative abatement of different GHGs over time.



	Paper Title:	Optimal Abatement Strategies For Various Interacting Greenhouse Gases
	Presenting Author:	Till Requate (Kiel University)
	Coauthor 1:	Ulf Moslener
	Coauthor 2:
	Coauthor 3:
	Abstract:	The paper investigates optimal abatement strategies for accumulating and interacting pollutants. We show that different decay rates can cause rather non-monotonic behavior in the optimal paths of emissions, the aggregate radiative forcing of greenhouse gases (GHGs), and even the relative optimal price for emissions. This contrasts strikingly with the case of a single pollutant. The results are exemplified by numerical simulations first for instructive fictitious and then for more realistic parameters. The results raise some skepticism as to whether the concept of global warming potential is a useful indicator for the optimal relative abatement of different GHGs over time.
	Link to paper:	Not available

	Session / Day / Time	2A / Monday / 10:15 - 11:45 am

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