Munich Personal RePEc Archive

Evaluation of post Kyoto GHG emission reduction paths

Ciscar, Juan Carlos and Paroussos, Leonidas and Van Regemorter, Denise (2009): Evaluation of post Kyoto GHG emission reduction paths. Published in: European Review of Energy Markets , Vol. 3, No. 1 (April 2009)

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Abstract

Climate change has become a critical issue in the international policy making agenda. At the UNFCC conference in Bali 2007, countries decided on a roadmap to achieve a ‘secure climate future’. Given the commitment to limit the temperature increase to 2° Celsius relative to the preindustrial levels, the EU decided in March 2007, as a first step, a 20% reduction of its GHG emissions by 2020, going to 30% if a comprehensive international agreement can be reached. This study uses the multi-sector multi-region world model GEM-E3 in order to identify the world economic implications of different participation schemes for post Kyoto. The scenarios reported in this paper have contributed to the EU communication on ‘Limiting Global Change to 2° Celsius the way ahead to 2020 and beyond’.

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