Keywords: policy evaluation, GHG emissions, emission reduction, greenhouse gases, Kyoto Protocol, regional effects, modelling, global effects, MERGE, Russia, economic development, inter-temporal optimisation, climate change, integrated assessment models
Application of an optimisation model to studying some aspects of Russia's economic development
The global climate change is one of the most important and disputable problems in the modern world. The Kyoto Protocol is an effort of the international community to control environmental impacts. To study pros and cons of Russia's participation in this initiative, different integrated assessment models for evaluating greenhouse gases (GHG) reduction policies can be engaged. In the present paper, an approach to modelling is briefly described and some simulation results are discussed. The emphasis is on obtaining the 'optimal' temporal dynamics of economic-energetic indices for different scenarios of Russia's development. The main result shows that, in the first commitment period of the Protocol, GHG emissions in Russia can reach the critical level in some extreme cases.