Evaluation of post Kyoto GHG emission reduction paths

Ciscar, Juan Carlos, 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 (2009)

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’.

• Item Type: MPRA Paper
• Language: English
• Keywords: Climate change; Computable general equilibrium modeling; Emission reduction
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D58 - Computable and Other Applied General Equilibrium Models; Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters; Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

References

Capros, P et al. (1997), “The GEM-E3 model: Reference Manual”, NTUA, E3M-Lab, Athens, available at http://www.e3mlab.ntua.gr/manuals/GEMref.PDF

European Commission (2005), “Winning the Battle Against Global Climate Change”, COM 2005/35, 9 February 2005, Brussels, available at http://europa.eu.int/comm/environment/climat/future_action.htm

European Commission (2007), “Limiting Global Climate Change to 2 degrees Celsius. The way ahead for 2020 and beyond”, Brussels, available at http://ec.europa.eu/environment/climat/future_action.htm

Russ, P. Wiesenthal, T., Ciscar, J.C., Van Regemorter, D. (2007): "Global Climate Policy Scenarios for 2030 and beyond". IPTS Technical Report Series , available at http://ftp.jrc.es/eur23032en.pdf

Russ, P. Ciscar, J.C., Szabó, L. (2005): Analysis of Post-2012 Climate Policy Scenarios with Limited Participation. IPTS Technical Report Series EU 21758 EN, ftp://ftp.jrc.es/pub/EURdoc/eur21758en.pdf

Van Regemorter, D. (2005), “The GEM-E3 model, model description”, available at http://www.gem-e3.net/download/GEMmodel.pdf