Module net.finmath.lib

Package net.finmath.climate.models.dice.submodels

Class AbatementCostFunction

java.lang.Object

net.finmath.climate.models.dice.submodels.AbatementCostFunction

All Implemented Interfaces:

BiFunction<Double,Double,Double>

public class AbatementCostFunction
extends Object
implements BiFunction<Double,Double,Double>

The function that maps (relative) abatement coefficient to (relative) cost.

• The abatement coefficient μ is the faction of yearly emissions that are abated.
• The abatement function gives the price (in 10^12 USD) per GtCO2 for the abatement of the corresponding fraction in the corresponding year.

Function of (time, abatement). Note: The emission intensity (σ) factor (emission intensity) is missing here (moved to the outside). In the orignal model the abatement cost are a fraction of the GDP, which we get if we multiply this function with the σ

Author:

Christian Fries

Constructor Summary

Constructors

Constructor	Description
AbatementCostFunction()
AbatementCostFunction(double backstopPriceInitial, double backstopRate, double abatementExponent)

Method Summary

Modifier and Type	Method	Description
Double	apply(Double time, Double abatement)

Methods inherited from class java.lang.Object

clone, equals, finalize, getClass, hashCode, notify, notifyAll, toString, wait, wait, wait

Methods inherited from interface java.util.function.BiFunction

andThen

Constructor Details

AbatementCostFunction

public AbatementCostFunction(double backstopPriceInitial,
 double backstopRate,
 double abatementExponent)

Parameters:

backstopPriceInitial - USD per ton CO2 to abate 100% per year.

backstopRate - Annual rate by which the price declines.

abatementExponent - Exponent for μ (sometimes called theta_2)

AbatementCostFunction

public AbatementCostFunction()

Method Details

apply

public Double apply(Double time,
 Double abatement)

Specified by:

apply in interface BiFunction<Double,Double,Double>