An oracle method to couple climate and economic dynamics

This paper deals with an oracle method to couple economic and climate models. The approach permits a dialogue between two models pertaining to two different scientific domains, the climate module being a fully-coupled ocean-atmosphere-sea ice model, whereas the economic module is an adaptation of th...

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Bibliographic Details
Main Authors: Beltran, Cesar, Drouet, Laurent, Edwards, Neil, Haurie, Alain, Vial, Jean-Philippe, Zachary, Daniel
Other Authors: Viguier, Laurent
Format: Book Part
Language:English
Published: Springer 2005
Subjects:
530 Physics
Sea ice
Online Access:https://boris.unibe.ch/160960/
Description
Summary:This paper deals with an oracle method to couple economic and climate models. The approach permits a dialogue between two models pertaining to two different scientific domains, the climate module being a fully-coupled ocean-atmosphere-sea ice model, whereas the economic module is an adaptation of the neo-classical optimal economic growth paradigm. The paper explains how the Analytic Center Cutting Plane Method (ACCPM) is implemented to integrate in the optimal economic growth model a constraint on climate change that is computed from the climate model runs. Several experiments show the usefulness of the approach to build new types of integrated assessment meta-models.

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