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CATEGORIES:Isaac Newton Institute Seminar Series
SUMMARY:Engaging with policymakers: modelling of the optim
 al investments into environmental maintenance\, ab
 atement\, and adaptation for long-term climate pol
 icies - Hritonenko\, N (Prairie View A&amp\;M)
DTSTART;TZID=Europe/London:20101209T093000
DTEND;TZID=Europe/London:20101209T100000
UID:TALK28306AThttp://talks.cam.ac.uk
URL:http://talks.cam.ac.uk/talk/index/28306
DESCRIPTION:In order to design an efficient and sustainable cl
 imate policy\, a crucial decision issue is to find
  the rational policy mix between environmental aba
 tement and adaptation. An aggregated economic-envi
 ronmental model is constructed that allows us to e
 xplore this topic analytically. The model is formu
 lated in the classic Solow-Swan macroeconomic fram
 ework as an infinite-horizon social planner proble
 m with the adaptation and abatement investments as
  separate decision variables. The utility function
  depends on the environmental quality and adaptati
 on efforts. A qualitative analysis of the model de
 monstrates the existence of a unique steady state 
 and leads to determining the optimal balance betwe
 en investing into adaptation measures and emission
  abatement. The outcomes of the model investigatio
 n can be implemented in associated long-term envir
 onmental policies and regulations. The model is ca
 librated on available economic and climate data an
 d predictions. Some other economic-environmental m
 odels with endogenous technological change\, energ
 y restrictions\, and environmental CO2 quotas will
  be also briefly discussed. 
LOCATION:Seminar Room 1\, Newton Institute
CONTACT:Mustapha Amrani
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