DICE Model Policy Scenarios

The DICE model has been used to examine a number of different policy scenarios for controlling the emission of greenhouse gases. Seven scenarios have been documented by Nordhaus (1994):

• No Controls ("Baseline")
• Optimal Policy
• Ten-Year Delay in Optimal Policy
• Stabilizing Emissions at 1990 Rates
• Twenty Percent Emissions Reduction from 1990 Levels
• Geoengineering
• Climate Stabilization

The most complete review of these policy scenarios is provided in:

Nordhaus, William D. 1994. Analysis of policies to slow global warming. Chap. 5 in Managing the Global Commons: The Economics of Climate Change, 77-97. Cambridge: MIT Press. [Full Text]

Contents:

• Computational Procedures
• Alternative Approaches to Policy
• Results of Two Runs
• Conclusions
• References

Additional References:

Nordhaus, William D. 1992. An optimal transition path for controlling greenhouse gases. Science 258: 1315-1319. [Full Text] [Policy Experiments]

Nordhaus, William D. 1992. The "DICE" Model: Background and Structure of A Dynamic Integrated Climate-Economy Model of the Economics of Global Warming. Cowles Foundation Discussion Paper No. 1009. Cowles Foundation for Research in Economics at Yale University, New Haven, Conn. [Full Text] [Projections of the DICE Model]

Sources

Nordhaus, William D. 1992. An optimal transition path for controlling greenhouse gases. Science 258: 1315-1319.

Nordhaus, William D. 1994. Managing the Global Commons: The Economics of Climate Change. Cambridge: MIT Press.

Suggested Citation

Consortium for International Earth Science Information Network (CIESIN). 1996. DICE Model Guide [online]. University Center, Mich.
CIESIN URL: http://sedac.ciesin.org/mva/DICE/DICEHP.html

Acknowledgement

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