BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:Engaging with policymakers: modelling of the optimal investments i
 nto environmental maintenance\, abatement\, and adaptation for long-term c
 limate policies - Hritonenko\, N (Prairie View A&amp\;M)
DTSTART:20101209T093000Z
DTEND:20101209T100000Z
UID:TALK28306@talks.cam.ac.uk
CONTACT:Mustapha Amrani
DESCRIPTION:In order to design an efficient and sustainable climate policy
 \, a crucial decision issue is to find the rational policy mix between env
 ironmental abatement and adaptation. An aggregated economic-environmental 
 model is constructed that allows us to explore this topic analytically. Th
 e model is formulated in the classic Solow-Swan macroeconomic framework as
  an infinite-horizon social planner problem with the adaptation and abatem
 ent investments as separate decision variables. The utility function depen
 ds on the environmental quality and adaptation efforts. A qualitative anal
 ysis of the model demonstrates the existence of a unique steady state and 
 leads to determining the optimal balance between investing into adaptation
  measures and emission abatement. The outcomes of the model investigation 
 can be implemented in associated long-term environmental policies and regu
 lations. The model is calibrated on available economic and climate data an
 d predictions. Some other economic-environmental models with endogenous te
 chnological change\, energy restrictions\, and environmental CO2 quotas wi
 ll be also briefly discussed. 
LOCATION:Seminar Room 1\, Newton Institute
END:VEVENT
END:VCALENDAR