Environmental and Economic Effects of Post-Kyoto Carbon Regimes - Results of Simulations with the Global Model GINFORS
AbstractUsing the extensive and disaggregated global GINFORS model, consequences of different possible post-Kyoto regimes on the German and European economy and other major economies in the medium run until 2020 are depicted. The approach is very extensive and detailed in comparison to already existing analyses: this holds for the number of explicitly modelled countries (50 and 2 regions) and 41 economic sectors, inputoutput tables, the bilateral trade flows, the detailed coverage of behavioural parameters, the coverage of energy balances and CO2 emissions as well as for the number and precise economic-political design of simulation runs. Costs of additional mitigation measures are expressed in deviation from the GDP in the reference scenario. In doing so, all macroeconomic and inter-industry interdependencies, nationally and internationally, are embodied in the results. Global emissions will double until 2030 compared to 1990 levels without the existence of a far-reaching climate regime after 2012. A unilateral commitment of the EU would only be a “drop in the bucket”, which solely strengthens the credibility of the EU in international negotiations. A stabilisation of global emissions in 2020 compared to 2010 can only be achieved, if all developed and at least the large developing countries (G5) participate and if all possible existing market-ready reduction technologies are used.
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Bibliographic InfoPaper provided by GWS - Institute of Economic Structures Research in its series GWS Discussion Paper Series with number 08-2.
Length: 18 pages
Date of creation: 2008
Date of revision:
Economic Effect; Post Kyoto; Carbon Regimes; GINFORS; global;
Find related papers by JEL classification:
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
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