Greenhouse gases mitigation: global externalities and short-termism

Willi Semmler, Giovanni Di Bartolomeo () and Behnaz Minooei Fard

No 159, CIMEO, Sapienza University of Rome from Department of Economics and Law, Sapienza University of Rome

Abstract: Policies aimed at greenhouse gases mitigation involve domestic tradeoffs and international externalities, resulting in conflicts over feasibility and implementation. We investigate two aspects: the internalization of international externalities and the consequences of short-term perspectives in climate policies. Using model predictive control, we explore counterfactual scenarios with varying policy horizons for policymakers.

Keywords: greenhouse gases; externalities; climate policy; short-termism; model predictive control (search for similar items in EconPapers)
JEL-codes: C61 H23 Q54 (search for similar items in EconPapers)
Date: 2022-03
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Greenhouse gases mitigation: global externalities and short-termism (2023)
Working Paper: Greenhouse gases mitigation: Global externalities and short termism (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ter:wpaper:00159

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