Self-organized global control of carbon emissions

Details Self-organized global control of carbon emissions Self-organized global control of carbon emissions

2009-10-08

arxiv.org/abs/0910.1552v1

Physica A Volume 389, Issue 17, 1 September 2010, Pages 3546-3551

Physics

Physics and Society

4 pages, 4 figures

Scientific paper

10.1016/j.physa.2010.04.011

There is much disagreement concerning how best to control global carbon emissions. We explore quantitatively how different control schemes affect the collective emission dynamics of a population of emitting entities. We uncover a complex trade-off which arises between average emissions (affecting the global climate), peak pollution levels (affecting citizens' everyday health), industrial efficiency (affecting the nation's economy), frequency of institutional intervention (affecting governmental costs), common information (affecting trading behavior) and market volatility (affecting financial stability). Our findings predict that a self-organized free-market approach at the level of a sector, state, country or continent, can provide better control than a top-down regulated scheme in terms of market volatility and monthly pollution peaks.

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