title: Strategic effects of future environmental policy commitments: climate change, solar radiation management and correlated air pollutants.
abstract: We study the effects of environmental policy commitments in a futuristic world in which solar radiation management (SRM) can be utilized to reduce climate change damages. Carbon and sulfur dioxide emissions (correlated pollutants) can be reduced through tradable permits. We show that if nations simultaneously commit to carbon permit policies, national SRM levels rise with carbon quotas. Alternatively, if they simultaneously commit to SRM policies, the global temperature falls with each unit increase in the global SRM level. A nation always wishes to be a leader in policymaking, but prefers carbon to SRM policymaking. The globe prefers SRM policy commitments.
authors.affiliation: School of Economics, Georgia Institute of Technology, 221 Bobby Dodd Way, Atlanta, GA 30332-0615, USA. Electronic address: jqu8@gatech.edu.
authors.forename: Jingwen
authors.initials: J
authors.lastname: Qu
authors.affiliation: Department of Marketing, Business Economics and Law, Alberta School of Business, University of Alberta, 3-40N Business Building, Edmonton, AB T6G 2R6, Canada. Electronic address: emilson@ualberta.ca.
authors.forename: Emilson Caputo Delfino
authors.initials: EC
authors.lastname: Silva
mesh_terms: D000393:Air Pollutants / Q000737:chemistry*; D002244:Carbon / Q000737:chemistry; D057231:Climate Change; D003247:Conservation of Natural Resources; D058735:Environmental Policy; D005544:Forecasting; D006801:Humans; D007391:International Cooperation; D008962:Models, Theoretical; D011050:Policy Making; D012993:Solar Energy; D013458:Sulfur Dioxide / Q000737:chemistry
chemical_list: D000393:Air Pollutants; D013458:Sulfur Dioxide; D002244:Carbon
keywords: Climate change; Correlated pollutants; Policy commitments; Solar radiation management; Strategic environmental policy