Jae Edmonds
Global Environmental Change Program, Pacific Northwest Laboratories, 901 D Street SW, Suite 900, Washington, DC 20024-2115, USA
This paper examines the economics of stabilizing atmospheric CO2 concentrations. A particular concentrations target can be achieved in a variety of ways. It turns out that the choice of emissions time-path is as important as the concentrations level itself in determining the ultimate price-tag. Rather than choosing arbitrary emission trajectories, more attention needs to be devoted to identifying those paths that minimize the costs of achieving a specific target.
Keywords: Global warming; Energy modeling; Optimization