Title data
Kellett, Christopher M. ; Weller, Steven R. ; Faulwasser, Timm ; Grüne, Lars ; Semmler, Willi:
Feedback, dynamics, and optimal control in climate economics.
In: Annual Reviews in Control.
Vol. 47
(2019)
.
- pp. 7-20.
ISSN 1367-5788
DOI: https://doi.org/10.1016/j.arcontrol.2019.04.003
This is the latest version of this item.
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Project information
Project title: |
Project's official title Project's id Australian Research Council, Discovery Project 180103026 Stipendienprogramm für Postdoktoranden für Timm Faulwasser No information |
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Project financing: |
Deutsche Forschungsgemeinschaft ARC Daimler und Benz Stiftung |
Abstract in another language
For his work in the economics of climate change, Professor William Nordhaus was a co-recipient of the 2018 Nobel Memorial Prize for Economic Sciences. A core component of the work undertaken by Nordhaus is the Dynamic Integrated model of Climate and Economy, known as the DICE model. The DICE model is a discrete-time model with two control inputs and is primarily used in conjunction with a particular optimal control problem in order to estimate optimal pathways for reducing greenhouse gas emissions. In this paper, we provide a tutorial introduction to the DICE model and we indicate challenges and open problems of potential interest for the systems and control community.
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Available Versions of this Item
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Feedback and Optimal Control in Climate Economics. (deposited 21 Dec 2018 08:25)
- Feedback, dynamics, and optimal control in climate economics. (deposited 17 May 2019 07:02) [Currently Displayed]