An Oracle method to couple climate and economic dynamics

Beltran, Cesar; Drouet, Laurent; Edwards, Neil; Haurie, Alain; Vial, Jean-Philippe and Zachary, Daniel (2005). An Oracle method to couple climate and economic dynamics. In: Haurie, Alain and Viguier, Laurent eds. The Coupling of Climate and Economic Dynamics. Advances In Global Change Research (22). Dordrecht, Netherlands: 2005 Springer, pp. 69–95.

DOI: https://doi.org/10.1007/1-4020-3425-3_3

Abstract

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-ice model, whereas the economic module is an adaptation of the neo-classical optimal economic growth paradigm. The paper explains how the Analytic Centre 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