BEGIN:VCALENDAR VERSION:2.0 PRODID:-//hacksw/handcal//NONSGML v1.0//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:Europe/London BEGIN:STANDARD TZNAME:GMT DTSTART:19710101T020000 TZOFFSETFROM:+0100 TZOFFSETTO:+0000 RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU END:STANDARD BEGIN:DAYLIGHT TZNAME:BST DTSTART:19710101T010000 TZOFFSETFROM:+0000 TZOFFSETTO:+0100 RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DTEND;TZID=Europe/London:20221012T153000 UID:https://www.lse.ac.uk/granthaminstitute/?post_type=event&p=61122 DTSTAMP;TZID=Europe/London:20240328T230223Z LOCATION:Thai Theatre\, New Academic Building\, LSE Campus DESCRIPTION:
Christian Traeger is Professor of Economics at the Department of Economics\, University of Oslo\, Norway. Christian will be discussing the paper ‘SolACE - Solar Geoengineering in an Analytic Climate Economy’ which he co-authored with Felix Meier.
Abstract:
‘Solar geoengineering is an affordable measure to counteract the global temperature increase. We derive a simple policy rule for sulfur-based geoengineering in a state of the art integrated assessment model of climate change. We show how geoengineering affects optimal carbon taxation\, deriving the different components of the Pigovian tax. We show how the globally optimal rational for geoengineering and carbon taxation changes in a dynamic Markov game across regions. A quantitative simulation suggests a non-cooperative equilibrium where China as a single mover reduces temperatures to the Paris accord’s most stringent 1.5◦C target by 2100. It “free-drives” on the margin but all regions apart from Russia free-ride in absolute terms. The simulated temperature increase peaks around 2165 exceeding the 2◦C target.’
URL;VALUE=URI:https://www.lse.ac.uk/granthaminstitute/events/christian-traeger-rss/ SUMMARY:SolACE – Solar Geoengineering in an Analytic Climate Economy | Christian P. Traeger DTSTART;TZID=Europe/London:20221012T140000 END:VEVENT END:VCALENDAR