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Europe's Twenties: A Study Using the WIATEC Model

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Author Info
Claudia Kemfert
Hans Kremers
Truong Truong

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Abstract

In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors participating in the EU Emissions Trading Scheme (EU ETS) are on the low side, and therefore, there are still rooms for movement in the future.

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File URL: http://www.diw.de/documents/publikationen/73/diw_02.c.298403.de/dp913.pdf
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Publisher Info
Paper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 913.

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Length: 21 p.
Date of creation: 2009
Date of revision:
Handle: RePEc:diw:diwwpp:dp913

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Related research
Keywords: Climate policy; Energy policy; EU 20-20-20 plan; EU Emission Trading System; Computable General Equilibrium;

Find related papers by JEL classification:
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques
C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models
D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
F11 - International Economics - - Trade - - - Neoclassical Models of Trade
F18 - International Economics - - Trade - - - Trade and Environment
H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
R13 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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This page was last updated on 2009-11-23.

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