Optimal Abatement in Dynamic Multipollutant Problems when Pollutants can be Complements or Substitutes

Ulf Moslener and Till Requate ()

No 2005-03, Economics Working Papers from Christian-Albrechts-University of Kiel, Department of Economics

Abstract: We analyze a dynamic multi-pollutant problem where abatement costs of several pollutants are not separable. The pollutants can be either technological substitutes or complements. Environmental damage is induced by the stock of accumulated pollution. We find that optimal emission paths are qualitatively different for substitutes and complements. We derive general properties governing optimal emission paths and present numerical examples to illustrate our main results. In particular we find that optimal emission paths need not be monotonic, even for highly symmetric pollutants. Finally, we describe a comparatively simple method to implement the optimal path without explicitly knowing its shape.

Keywords: Multi-pollution; abatement technology; accumulating pollutants (search for similar items in EconPapers)
JEL-codes: L5 Q2 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Optimal abatement in dynamic multi-pollutant problems when pollutants can be complements or substitutes (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cauewp:2913

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