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Subject: Emission reduction × WGL Institute: PIK ×

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Now showing 1 - 2 of 2
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    The impact of uncertainty on optimal emission policies
    (München : European Geopyhsical Union, 2018) Botta, Nicola; Jansson, Patrik; Ionescu, Cezar
    We apply a computational framework for specifying and solving sequential decision problems to study the impact of three kinds of uncertainties on optimal emission policies in a stylized sequential emission problem.We find that uncertainties about the implementability of decisions on emission reductions (or increases) have a greater impact on optimal policies than uncertainties about the availability of effective emission reduction technologies and uncertainties about the implications of trespassing critical cumulated emission thresholds. The results show that uncertainties about the implementability of decisions on emission reductions (or increases) call for more precautionary policies. In other words, delaying emission reductions to the point in time when effective technologies will become available is suboptimal when these uncertainties are accounted for rigorously. By contrast, uncertainties about the implications of exceeding critical cumulated emission thresholds tend to make early emission reductions less rewarding.
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    Low-stabilisation scenarios and technologies for carbon capture and sequestration
    (Amsterdam : Elsevier, 2009) Bauer, N.; Edenhofer, O.; Leimbach, M.
    Endogenous technology scenarios for meeting low stabilization CO2 targets are derived in this study and assessed regarding emission reductions and mitigation costs. The aim is to indentify the most important technology options for achieving low stabilization targets. The significance of an option is indicated by its achieved emission reduction and the mitigation cost increase, if this option were not available. Quantitative results are computed using a global multi-regional hard-linked hybrid model that integrates the economy, the energy sector and the climate system. The model endogenously determines the optimal deployment of technologies subject to a constraint on climate change. The alternative options in the energy sector comprise the most important mitigation technologies: renewables, biomass, nuclear, carbon capture and sequestration (CCS), and biomass with CCS as well as energy efficiency improvements. The results indicate that the availability of CCS technologies and espec. biomass with CCS is highly desirable for achieving low stabilization goals at low costs. The option of nuclear energy is different: although it could play an important role in the primary energy mix, mitigation costs would only mildly increase, if it could not be expanded. Therefore, in order to promote prudent climate change mitigation goals, support of CCS technologies reduces the costs and-thus-is desirable from a social point of view. © 2009 Elsevier Ltd. All rights reserved.