Add costs attributed to emissions (e.g. air pollution on human health) and CO2 (e.g. ocean acidification)

ClimateMARGO / ClimateMARGO.jl

Julia implementation of MARGO, an idealized climate-economic modelling framework for Optimizing trade-offs between emissions Mitigation, Adaptation, carbon dioxide Removal, and solar Geoengineering.

https://margo.plutojl.org/

MIT License

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Add costs attributed to emissions (e.g. air pollution on human health) and CO2 (e.g. ocean acidification) #47

Open hdrake opened 3 years ago

hdrake commented 3 years ago

Thanks to @phjacobs to reminding me to do this. He referenced https://www.nature.com/articles/s41467-019-09499-x as an example of how important this effect can be in economic evaluations of near-term climate policy.

hdrake commented 3 years ago

@lfreese, any other recommendations from the air pollution literature? What we're really after is a globally-averaged estimate of the cost (in $/yr) of CO2 emissions (or direct pollutants, which we can convert into equivalent CO2 emissions using some conversion factor).

hdrake commented 3 years ago

Just a note that this is actually a super easy thing to implement, all I really need is some kind of reference cost to tune the cost function to.

hdrake commented 3 years ago

In one figure of the MARGO paper, we add two diagnostic terms to the damage function:

linear in CO2 concentration
quadratic in warming rate

These are not active in the optimization and just used in a sensitivity analysis.