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Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost? AgEcon
Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; Tavoni, Massimo.
Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and no agreement on an ambitious global stabilisation target has yet been reached. It is thus likely that some, if not all countries, will delay the adoption of effective climate policies. This delay will affect the cost of future policy measures that will be required to abate an even larger amount of emissions. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding the global stabilisation target to be...
Tipo: Working or Discussion Paper Palavras-chave: Uncertainty; Climate Policy; Stabilisation Costs; Delayed Action; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2008 URL: http://purl.umn.edu/44219
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Delayed Participation of Developing Countries to Climate Agreements: Should Action in the EU and US be Postponed? AgEcon
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo.
This paper analyses the cost implications for climate policy in developed countries if developing countries are unwilling to adopt measures to reduce their own GHG emissions. First, we assume that a 450 CO2 (550 CO2e) ppmv stabilisation target is to be achieved and that Non Annex1 (NA1) countries decide to delay their GHG emission reductions by 30 years. What would be the cost difference between this scenario and a case in which both developed and developing countries start reducing their emissions at the same time? Then, we look at a scenario in which the timing of developing countries’ participation is uncertain and again we compute the costs of climate policy in developed and developing countries. We find that delayed participation of NA1 countries has...
Tipo: Working or Discussion Paper Palavras-chave: Delayed Action; Climate Policy; Stabilisation Costs; Uncertain Participation; Environmental Economics and Policy; C72; H23; Q25; Q28.
Ano: 2008 URL: http://purl.umn.edu/44220
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What Should We Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D AgEcon
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; Tavoni, Massimo.
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and improve the economic efficiency of a mitigation policy package? To answer these questions, we use an integrated assessment model with multiple externalities and an endogenous representation of technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in combination with other mitigation policies. Even under fairly optimistic assumptions about the funding available for, and the returns to R&D, our...
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Environmental Policy; Energy R&D Fund; Stabilisation Costs; Environmental Economics and Policy; H0; H2; H3; H4; O3; Q32; Q43; Q54.
Ano: 2010 URL: http://purl.umn.edu/60745
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Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations AgEcon
Carraro, Carlo; Bosetti, Valentina; Massetti, Emanuele; Tavoni, Massimo.
The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid climate-energy-economy model, to obtain a quantitative assessment of some cost-effective strategies that stabilise CO2 concentrations at 550 or 450 ppm. In particular, this paper analyses the energy investment and R&D policies that optimally achieve these two GHG stabilisation targets (i.e. the future optimal energy mix consistent with the stabilisation of GHG atmospheric concentrations at 550 and 450 ppm). Given that the model accounts for interdependencies and spillovers...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Energy R&D; Investments; Stabilisation Costs; Environmental Economics and Policy; H0; H2; H3.
Ano: 2007 URL: http://purl.umn.edu/7435
Registros recuperados: 4
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