Competitive carbon emission yields the possibility of global self-control
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AbstractDespite many international climate meetings such as Copenhagen 2009, it is still unclear how annual global emissions can be reduced without requiring governments to micro-manage the emitting companies within their individual jurisdictions. Here we examine a simple, yet highly non-trivial, computer model of carbon emission which is consistent with recent activity in the European carbon markets. Our simulation results show that the ongoing daily competition to emit CO2 within a population of emitters, can lead to a form of collective self-control over the aggregated emissions. We identify regimes in which such a population spontaneously hits its emissions target with minimal fluctuations. We then focus on the emission dynamics induced by a governing body which chooses to actively manage the capping level. Finally we lay some formal stepping stones toward a complete analytic theory for carbon emissions fluctuations within this model framework - in so doing, we also connect this problem to more familiar theoretical terrain within computer science. (C) 2010 Elsevier B.V. All rights reserved.
All Author(s) ListFenn DJ, Zhao ZY, Hui PM, Johnson NF
Journal nameJournal of Computational Science
Year2010
Month6
Day1
Volume Number1
Issue Number2
PublisherElsevier
Pages63 - 74
ISSN1877-7503
LanguagesEnglish-United Kingdom
KeywordsSimulation complexity
Web of Science Subject CategoriesComputer Science; Computer Science, Interdisciplinary Applications; Computer Science, Theory & Methods

Last updated on 2021-18-01 at 00:23