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

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Author Info
Onno Kuik (VU University Amsterdam)
Luke Brander (VU University Amsterdam)
Richard S. J. Tol () (Economic and Social Research Institute (ESRI))

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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.

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File URL: http://www.esri.ie/UserFiles/publications/20080616111442/WP248.pdf
File Format: application/pdf
File Function: First version, 2008
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Publisher Info
Paper provided by Economic and Social Research Institute (ESRI) in its series Papers with number WP248.

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Length: 19 pages
Date of creation: Jun 2008
Date of revision:
Handle: RePEc:esr:wpaper:wp248

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Related research
Keywords: greenhouse gas mitigation; meta-analysis; marginal abatement costs.;

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This paper has been announced in the following NEP Reports: References listed on IDEAS
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  1. Tol, Richard S. J., 2005. "The marginal damage costs of carbon dioxide emissions: an assessment of the uncertainties," Energy Policy, Elsevier, vol. 33(16), pages 2064-2074, November. [Downloadable!] (restricted)
  2. Smulders, Sjak & de Nooij, Michiel, 2003. "The impact of energy conservation on technology and economic growth," Resource and Energy Economics, Elsevier, vol. 25(1), pages 59-79, February. [Downloadable!] (restricted)
  3. Richard S.J. Tol, 2006. "Multi-Gas Emission Reduction for Climate Change Policy: An Application of Fund," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 235-250.
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  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. [Downloadable!] (restricted)
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  5. Fischer, Carolyn & Morgenstern, Richard, 2003. "Carbon Abatement Costs: Why the Wide Range of Estimates?," Discussion Papers dp-03-42-rev, Resources For the Future. [Downloadable!]
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