Timing effects of carbon mitigation and solar radiation management policies

[Geoengineering News]

https://repository.gatech.edu/entities/publication/39cb2125-a5e8-4d53-86f6-b27cf0f7b61e

Authors

Qu, Jingwen

Advisors

Silva, Emilson

Date Issued

2012-04-06

Associated Organizations

Organizational Unit

School of Economics

Organizational Unit

Ivan Allen College of Liberal Arts

Collections

Theses and Dissertations

Permanent Link

http://hdl.handle.net/1853/43720

Abstract

We study timing effects of carbon mitigation and solar radiation management (SRM) policies for correlated pollutants, CO₂ and SO₂. We show that national levels of carbon and sulfur emissions quotas and SRM implementation are positively correlated with each other. First-mover advantages exist when deciding both carbon quotas and SRM levels. Moreover, we use an example to illustrate that if international equity is considered, governments would be willing to choose SRM levels before carbon quotas since it yields higher payoffs and less acid rain and droughts damages. This timing was neglected by all previous theoretical economic models on geoengineering.

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