Emissions corridors for reducing the risk of a collapse of the Atlantic thermohaline circulation

Abstract

In this paper, we present the integrated assessment model dimrise (dynamic integrated model of regular climate change impacts and singular events). This model is designed to investigate the stability of the Atlantic thermohaline circulation (THC) and to derive related climate policy recommendations. It is written in GAMS and comprises a dynamic model of the THC coupled to a climate model and a global economy model for assessing the monetary cost of climate protection. The THC model is a dynamic four-box interhemispheric extension of the classic Stommel model calibrated against results obtained using the CLIMBER-2 climate model. The reduced-form climate model used to drive the THC model is the ICLIPS multi-gas climate model, which is a computationally efficient, globally aggregated model able to mimic the response of more sophisticated carbon cycle and atmosphere-ocean general circulation models. The THC and climate modules are coupled to a globally aggregated Ramsey-type optimal growth model of the world economy derived from the Nordhaus DICE model. Together, these components create a novel dynamic fully coupled computationally efficient integrated assessment model. Illustrative applications demonstrate that dimrise is able to derive (constrained) economically optimal emissions paths that comply with prescribed bounds on admissible THC weakening imposed in order to avoid an irrevocable breakdown. In addition, emissions corridors are presented which contain all possible emissions paths that do not endanger the stability of the THC and that simultaneously obey restrictions on welfare loss arising from mitigation efforts. The presented results show that, under worst-case conditions, the stability of the THC may be threatened within two decades if global emissions would not deviate from the business-as-usual trajectory.