This paper proposes strategies to detect time reversibility in stationary stochastic processes by using the properties of mixed causal and noncausal models. It shows that they can also be used for non-stationary processes when the trend component is computed with the Hodrick–Prescott filter rendering a time-reversible closed-form solution. This paper also links the concept of an environmental tipping point to the statistical property of time irreversibility and assesses fourteen climate indicators. We find evidence of time irreversibility in greenhouse gas emissions, global temperature, global sea levels, sea ice area, and some natural oscillation indices. While not conclusive, our findings urge the implementation of correction policies to avoid the worst consequences of climate change and not miss the opportunity window, which might still be available, despite closing quickly.

Giancaterini, F., Hecq, A., Morana, C. (2022). Is Climate Change Time-Reversible?. ECONOMETRICS, 10(4) [10.3390/econometrics10040036].

Is Climate Change Time-Reversible?

Morana, C
2022

Abstract

This paper proposes strategies to detect time reversibility in stationary stochastic processes by using the properties of mixed causal and noncausal models. It shows that they can also be used for non-stationary processes when the trend component is computed with the Hodrick–Prescott filter rendering a time-reversible closed-form solution. This paper also links the concept of an environmental tipping point to the statistical property of time irreversibility and assesses fourteen climate indicators. We find evidence of time irreversibility in greenhouse gas emissions, global temperature, global sea levels, sea ice area, and some natural oscillation indices. While not conclusive, our findings urge the implementation of correction policies to avoid the worst consequences of climate change and not miss the opportunity window, which might still be available, despite closing quickly.
Articolo in rivista - Articolo scientifico
climate change; environmental tipping points; global warming; Hodrick–Prescott filter; mixed causal and noncausal models; time reversibility;
English
7-dic-2022
2022
10
4
36
none
Giancaterini, F., Hecq, A., Morana, C. (2022). Is Climate Change Time-Reversible?. ECONOMETRICS, 10(4) [10.3390/econometrics10040036].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/398712
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