Strategic effects of future environmental policy commitments: climate change, solar radiation management and correlated air pollutants.

Abstract:

:We study the effects of environmental policy commitments in a futuristic world in which solar radiation management (SRM) can be utilized to reduce climate change damages. Carbon and sulfur dioxide emissions (correlated pollutants) can be reduced through tradable permits. We show that if nations simultaneously commit to carbon permit policies, national SRM levels rise with carbon quotas. Alternatively, if they simultaneously commit to SRM policies, the global temperature falls with each unit increase in the global SRM level. A nation always wishes to be a leader in policymaking, but prefers carbon to SRM policymaking. The globe prefers SRM policy commitments.

journal_name

J Environ Manage

authors

Qu J,Silva EC

doi

10.1016/j.jenvman.2014.11.033

subject

Has Abstract

pub_date

2015-03-15 00:00:00

pages

22-32

eissn

0301-4797

issn

1095-8630

pii

S0301-4797(14)00574-X

journal_volume

151

pub_type

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