Stabilizing atmospheric CO2 concentrations: Technical, political, and economic dimensions

L. James Valverde A. Jr., Mort D. Webster

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

The goal of stabilizing atmospheric CO2 concentrations has, in recent years, emerged as an important theme in international forums and negotiations directed at the issue of climate change. In this paper, we frame the stabilization problem in terms of three dimensions, labeled 'technical,' 'political,' and 'economic.' To illustrate this conceptual scheme, we utilize the MIT Emissions Prediction and Policy Analysis model to explore an illustrative set of stabilization policies, each of which presumes substantive participation by OECD nations, but varies the level and timing of emissions controls by the rest of the world. The analysis suggests that international agreements for policy coordination may prove elusive, despite potential aggregate benefits for cooperation.

Original languageEnglish (US)
Pages (from-to)613-622
Number of pages10
JournalEnergy Policy
Volume27
Issue number10
DOIs
StatePublished - Oct 1 1999

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stabilization
Stabilization
international agreement
Economics
International cooperation
policy analysis
Emission control
emission control
OECD
economics
Climate change
climate change
prediction
policy
analysis
co-ordination
co-operation
world
participation

All Science Journal Classification (ASJC) codes

  • Energy(all)
  • Management, Monitoring, Policy and Law

Cite this

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title = "Stabilizing atmospheric CO2 concentrations: Technical, political, and economic dimensions",
abstract = "The goal of stabilizing atmospheric CO2 concentrations has, in recent years, emerged as an important theme in international forums and negotiations directed at the issue of climate change. In this paper, we frame the stabilization problem in terms of three dimensions, labeled 'technical,' 'political,' and 'economic.' To illustrate this conceptual scheme, we utilize the MIT Emissions Prediction and Policy Analysis model to explore an illustrative set of stabilization policies, each of which presumes substantive participation by OECD nations, but varies the level and timing of emissions controls by the rest of the world. The analysis suggests that international agreements for policy coordination may prove elusive, despite potential aggregate benefits for cooperation.",
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Stabilizing atmospheric CO2 concentrations : Technical, political, and economic dimensions. / Valverde A. Jr., L. James; Webster, Mort D.

In: Energy Policy, Vol. 27, No. 10, 01.10.1999, p. 613-622.

Research output: Contribution to journalArticle

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