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Marginal Abatement Costs of Carbon-Dioxide Emissions: A Meta-Analysis

Author

Listed:
  • Onno Kuik

    (VU University Amsterdam)

  • Luke Brander

    (VU University Amsterdam)

  • Richard S. J. Tol

    (Economic and Social Research Institute (ESRI))

Abstract

In this paper we carry out a meta-analysis of recent studies into the costs of greenhouse gas mitigation policies that aim at the long-term stabilization of these gases in the atmosphere. We find the cost estimates of the studies to be sensitive to the level of the stabilization target, the assumed emissions baseline, intertemporal optimisation, the choice of control variable (CO2 only versus multigas), assumptions on future technological options (backstop and carbon capture and storage), and, to a lesser degree, the scientific ?forum? in which the study was developed.

Suggested Citation

  • Onno Kuik & Luke Brander & Richard S. J. Tol, 2008. "Marginal Abatement Costs of Carbon-Dioxide Emissions: A Meta-Analysis," Papers WP248, Economic and Social Research Institute (ESRI).
    • Handle: RePEc:esr:wpaper:wp248
    as

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    File URL: https://www.esri.ie/pubs/WP248.pdf
    File Function: First version, 2008
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    References listed on IDEAS

    as
    1. van Asselt, Harro & Biermann, Frank, 2007. "European emissions trading and the international competitiveness of energy-intensive industries: a legal and political evaluation of possible supporting measures," Energy Policy, Elsevier, vol. 35(1), pages 497-506, January.
    2. Verbeek, Marno, 2007. "A Guide to Modern Econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 8(4), pages 125-132.
    3. Frances Ruane & Xiaoheng Zhang, 2007. "Location Choices of the Pharmaceutical Industry in Europe after 1992," The Institute for International Integration Studies Discussion Paper Series iiisdp220, IIIS.
    4. Tol, Richard S.J., 2007. "Europe's long-term climate target: A critical evaluation," Energy Policy, Elsevier, vol. 35(1), pages 424-432, January.
    5. Seán Lyons & Karen Mayor & Richard S.J. Tol, 2008. "Environmental Accounts for the Republic of Ireland: 1990-2005," Papers WP223, Economic and Social Research Institute (ESRI).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Legge, Thomas & Scott, Susan, 2009. "Policy Options to Reduce Ireland's GHG Emissions [Instrument choice: the pros and cons of alternative policy instruments]," Papers WP284, Economic and Social Research Institute (ESRI).
    2. Simon Dietz & Samuel Fankhauser, 2010. "Environmental prices, uncertainty, and learning," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(2), pages 270-284, Summer.
    3. Rosen, Richard A. & Guenther, Edeltraud, 2015. "The economics of mitigating climate change: What can we know?," Technological Forecasting and Social Change, Elsevier, vol. 91(C), pages 93-106.
    4. Nocera, Silvio & Tonin, Stefania & Cavallaro, Federico, 2015. "The economic impact of greenhouse gas abatement through a meta-analysis: Valuation, consequences and implications in terms of transport policy," Transport Policy, Elsevier, vol. 37(C), pages 31-43.
    5. Richard Tol & Stefano F Verde, 2013. "Fiscal limits on first-best climate policy: A CGE analysis for Europe," Working Paper Series 5813, Department of Economics, University of Sussex Business School.
    6. Eda Ustaoglu & Brendan Williams, 2020. "Cost-Benefit Evaluation Tools on the Impacts of Transport Infrastructure Projects on Urban Form and Development," Chapters, in: Vito Bobek (ed.), Smart Urban Development, IntechOpen.

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    More about this item

    Keywords

    greenhouse gas mitigation; meta-analysis; marginal abatement costs.;
    All these keywords.

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