IDEAS home Printed from https://ideas.repec.org/p/ags/pugtwp/333151.html
   My bibliography  Save this paper

The removal of fossil fuel subsidies in Italy and interactions with the 2030 EU climate and energy framework

Author

Listed:
  • Orecchia, Carlo
  • Castaldi, Gionata

Abstract

The removal of environmentally harmful subsidies (EHS, henceforth) is at the centre of the international debate especially after the signature and entrance into force of the Paris Agreement. To evaluate the macroeconomic benefits stemming from the removal EHS we employed the global dynamic general equilibrium model ERMES (Economic Recursive-dynamic Model for Environmental Sustainability) based on the static model Gtap-E (McDougall et al., 2007) and on the Gtap 9 database (Aguiar et al., 2016) and includes representative firms and households and production factors. This type of models has been used extensively for the evaluation of fossil fuels subsidies removal (Burniaux and Chateau , 2011 and 2014, Bosello and Standardi, 2013; Jewell et al. 2018). The original structure of the Gtap-E model has been extensively modified and updated: the capital stock is not fixed but varies over time based on the so-called recursive dynamics; the energy system of the model has been carefully extended and considers the substitution (with CRESH functions, Hanoch 1975) between 11 different technologies; considers all GHGs: CO2 emissions, CH4, N2O and FGASS; the climate policy module is flexible enough to select the types of gas (CO2, CH4, N2O, FGAS), the sector (distinguishing between ETS and non-ETS) and the country.

Suggested Citation

  • Orecchia, Carlo & Castaldi, Gionata, 2020. "The removal of fossil fuel subsidies in Italy and interactions with the 2030 EU climate and energy framework," Conference papers 333151, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:333151
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/333151/files/9699.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:pugtwp:333151. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtpurus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.