Please join us in welcoming back ISE alum Manish Tripathy, Senior Lecturer from NJIT. He will be discussing how countries can reduce their greenhouse gas emissions by using Internationally Transferred Mitigation Outcomes.
4290 Fitts-Woolard Hall
Analyzing Article 6 of the Paris Agreement: A Model of Trade in Carbon Mitigation Outcomes
Under the Paris Agreement, countries independently determine their contributions to help achieve the goals of the treaty. These nationally determined contributions (NDCs) establish targets for greenhouse gas (GHG) emissions reductions. However, Article 6 (of the Paris Agreement) recognizes that it may sometimes be beneficial for countries to collaborate in reducing their joint emissions and proposes a mechanism called Internationally Transferred Mitigation Outcomes (ITMOs). ITMOs allow countries to transfer “mitigation outcomes”, i.e., a reduction of emissions in one country can be credited to another. However, we lack a coherent theoretical framework for conceptualizing ITMO creation and implementation. In addition, the impact of ITMOs on domestic energy demands, prices, and other economic outcomes like total welfare within the participating countries are unclear. We present a theoretical and stylized model for the implementation of ITMOs between two countries as well as analyze some operational implications.
Manish Tripathy received his Ph.D. in Industrial and Systems Engineering at NC State University in 2021. His research is primarily in the field of operations management. Specifically, he works on the economic modeling of emerging business trends and different aspects of supply chain management. Currently, he is a Senior Lecturer at NJIT and in Fall of 2024, he will be joining DePaul University as an Assistant Professor of Operations and Supply Chain Management.