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| Bollen, Johannes; Hers, Sebastiaan; van der Zwaan, Bob. |
| This article presents an integrated assessment of climate change, air pollution, and energy security policy. Basis of our analysis is the MERGE model, designed to study the interaction between the global economy, energy use, and the impacts of climate change. For our purposes we expanded MERGE with expressions that quantify damages incurred to regional economies as a result of air pollution and lack of energy security. One of the main findings of our cost-benefit analysis is that energy security policy alone does not decrease the use of oil: global oil consumption is only delayed by several decades and oil reserves are still practically depleted before the end of the 21st century. If, on the other hand, energy security policy is integrated with optimal... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Climate Change; Air Pollution; Energy Security; Cost-Benefit Analysis; Environmental Economics and Policy; H21; D58; C61; O33; Q40. |
| Ano: 2009 |
URL: http://purl.umn.edu/55332 |
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