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Towards a low-emissions economy: The role of abatement targets and carbon taxes

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  • Botero García, Jesús Alonso
  • Gonzalez-Auhing, Marcos
  • Hurtado Rendón, Álvaro

Abstract

In 2015, 192 countries signed the Paris Agreement to reduce greenhouse gasesand maintaining the temperature below 2º Celsius by the year 2030. Hence,governments have implemented or will implement various mechanisms to re-duce GHG emissions. In the present work, we developed a CGE model withmechanisms to reduce Greenhouse Gas (GHG) emissions such as abatementtarget and carbon taxes, and we implemented the model for Colombia. Forboth mechanisms, 22% of emission could be reduced compared to the 2030baseline. However, it represented a 0.8% reduction in the GDP and also un-employment rate would raise aboout 2%

Suggested Citation

  • Botero García, Jesús Alonso & Gonzalez-Auhing, Marcos & Hurtado Rendón, Álvaro, 2021. "Towards a low-emissions economy: The role of abatement targets and carbon taxes," Conference papers 333303, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:333303
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    References listed on IDEAS

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    1. Calderón, Silvia & Alvarez, Andrés Camilo & Loboguerrero, Ana María & Arango, Santiago & Calvin, Katherine & Kober, Tom & Daenzer, Kathryn & Fisher-Vanden, Karen, 2016. "Achieving CO2 reductions in Colombia: Effects of carbon taxes and abatement targets," Energy Economics, Elsevier, vol. 56(C), pages 575-586.
    2. Kat, Bora & Paltsev, Sergey & Yuan, Mei, 2018. "Turkish energy sector development and the Paris Agreement goals: A CGE model assessment," Energy Policy, Elsevier, vol. 122(C), pages 84-96.
    3. Nobuhiro Hosoe & Kenji Gasawa & Hideo Hashimoto, 2010. "Textbook of Computable General Equilibrium Modelling," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-28165-3.
    4. Pradhan, Basanta K. & Ghosh, Joydeep, 2019. "Climate policy vs. agricultural productivity shocks in a dynamic computable general equilibrium (CGE) modeling framework: The case of a developing economy," Economic Modelling, Elsevier, vol. 77(C), pages 55-69.
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