Revisiting the economics of climate change

The role of geoengineering

Juan B. Moreno-Cruz, Sjak Smulders

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Technically simple measures to directly reduce mean global temperatures could be available in the near future. We introduce “geoengineering” into a simple analytical model of climate change. We model the technical and economic characteristics of geoengineering in line with the recent literature from physical and environmental management sciences. We investigate (i) under which circumstances geoengineering can substitute, partly or completely, for traditional abatement strategies, (ii) under which conditions and at what level geoengineering is optimally employed, and (iii) whether geoengineering can mitigate free-riding problems.
Original languageEnglish
Pages (from-to)212-224
JournalResearch in Economics
Volume71
Issue number2
Early online date15 Dec 2016
DOIs
Publication statusPublished - Jun 2017

Fingerprint

Economics
Geoengineering
Climate change
Environmental management
Temperature
Substitute
Analytical model
Free-riding
Management science
Abatement

Cite this

@article{e68894b1961249e58acb2fd5b61956bc,
title = "Revisiting the economics of climate change: The role of geoengineering",
abstract = "Technically simple measures to directly reduce mean global temperatures could be available in the near future. We introduce “geoengineering” into a simple analytical model of climate change. We model the technical and economic characteristics of geoengineering in line with the recent literature from physical and environmental management sciences. We investigate (i) under which circumstances geoengineering can substitute, partly or completely, for traditional abatement strategies, (ii) under which conditions and at what level geoengineering is optimally employed, and (iii) whether geoengineering can mitigate free-riding problems.",
author = "Moreno-Cruz, {Juan B.} and Sjak Smulders",
year = "2017",
month = "6",
doi = "10.1016/j.rie.2016.12.001",
language = "English",
volume = "71",
pages = "212--224",
journal = "Research in Economics",
issn = "1090-9443",
publisher = "Academic Press Inc.",
number = "2",

}

Revisiting the economics of climate change : The role of geoengineering. / Moreno-Cruz, Juan B.; Smulders, Sjak.

In: Research in Economics, Vol. 71, No. 2, 06.2017, p. 212-224.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Revisiting the economics of climate change

T2 - The role of geoengineering

AU - Moreno-Cruz, Juan B.

AU - Smulders, Sjak

PY - 2017/6

Y1 - 2017/6

N2 - Technically simple measures to directly reduce mean global temperatures could be available in the near future. We introduce “geoengineering” into a simple analytical model of climate change. We model the technical and economic characteristics of geoengineering in line with the recent literature from physical and environmental management sciences. We investigate (i) under which circumstances geoengineering can substitute, partly or completely, for traditional abatement strategies, (ii) under which conditions and at what level geoengineering is optimally employed, and (iii) whether geoengineering can mitigate free-riding problems.

AB - Technically simple measures to directly reduce mean global temperatures could be available in the near future. We introduce “geoengineering” into a simple analytical model of climate change. We model the technical and economic characteristics of geoengineering in line with the recent literature from physical and environmental management sciences. We investigate (i) under which circumstances geoengineering can substitute, partly or completely, for traditional abatement strategies, (ii) under which conditions and at what level geoengineering is optimally employed, and (iii) whether geoengineering can mitigate free-riding problems.

U2 - 10.1016/j.rie.2016.12.001

DO - 10.1016/j.rie.2016.12.001

M3 - Article

VL - 71

SP - 212

EP - 224

JO - Research in Economics

JF - Research in Economics

SN - 1090-9443

IS - 2

ER -