Policy - WITNESS: Difference between revisions

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Policy model in WITNESS is for the moment limited to CO<sub>2</sub> emission taxes.
 
As a default in the framework, the CO<sub>2</sub> emission price is dynamically set to the maximum between Carbon Capture and Storage and environmental damage price by the "Policy" module (see [https://github.com/os-climate/witness-core/blob/main/climateeconomics/sos_wrapping/sos_wrapping_witness/policymodel/documentation/policy_discipline.md here]).
 
Various trades can be run to compare effects of various policies (e.g. variable CO2 tax strategies) or optimize their tuning for specific objectives.{{ModelDocumentationTemplate
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Latest revision as of 16:04, 19 September 2024

Policy model in WITNESS is for the moment limited to CO2 emission taxes.

As a default in the framework, the CO2 emission price is dynamically set to the maximum between Carbon Capture and Storage and environmental damage price by the "Policy" module (see here).

Various trades can be run to compare effects of various policies (e.g. variable CO2 tax strategies) or optimize their tuning for specific objectives.

Alert-warning.png Note: The documentation of WITNESS is 'in preparation' and is not yet 'published'!

Model Documentation - WITNESS

Corresponding documentation
Previous versions
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Model information
Model link
Institution Open-Source for Climate (OS-C), N/A, https://os-climate.org/transition-analysis/., Linux Foundation (LF), N/A, https://www.linuxfoundation.org/.
Solution concept Systems dynamics based approach
Solution method OptimizationSimulation-based optimization
Anticipation