ABSTRACT
This chapter begins by discussing climate change and its impact on environmental conflict. It discusses strategies for mitigation of climate change, and focuses on how economists have endeavored to price carbon. The chapter introduces aspects of their use of the Values and Investments for Agent-Based interaction and Learning in Environmental (VIABLE) modeling approach, including strategies for defining emissions baselines and targets, and the initial allocation of permits. It provides an individual agent model, performing a viability analysis of that agent within their constraints, and extending the model to multiple agents. The chapter describes the model scenarios designed to reveal different trading outcomes that could lead to value gain or loss for different agents. It builds on previous work developed to analyze dynamic games in climate policy. The chapter concludes by summarizing the VIABLE application and offers several takeaways for readers interested in building on this model and extending it for their own purposes.
