Low climate stabilisation under diverse growth and convergence scenarios
AbstractFew papers have analysed the consequences of low climate stabilisation. Most models and scenarios assume that future trends in global GDP will be similar to the growth experienced in the past century, which would imply multiplying current output nineteen-fold in this century. However, natural resource and environmental constraints suggest that future global economic growth may not be so high. Furthermore, the environmental implications of such growth depend on how it is distributed across countries. This paper studies the implications on GHG abatement policies of different assumptions on global GDP growth and convergence levels. A partial equilibrium model (POLES) of the world's energy system is used to provide detailed projections up to 2050 for the different regions of the world. The results suggest that while low stabilisation is technically feasible and economically viable for the world in all the scenarios considered, it is more likely to occur with more modest global growth. Convergence in living standards on the other hand places greater pressures in terms of the required reduction in emissions. In general we find that there are major differences between regions in terms of the size and the timing of abatement costs and economic impact.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by HAL in its series Post-Print with number halshs-00872630.
Date of creation: 2014
Date of revision:
Publication status: Published, Energy Policy, 2014, 64, 288-301
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00872630
Contact details of provider:
Web page: http://hal.archives-ouvertes.fr/
Climate policy ; Economic growth ; Convergence ; Energy forecasting ; Abatement cost ; Partial Equilibrium models ; Energy systems;
Other versions of this item:
- Markandya, A. & González-Eguino, M. & Criqui, P. & Mima, S., 2014. "Low climate stabilisation under diverse growth and convergence scenarios," Energy Policy, Elsevier, vol. 64(C), pages 288-301.
- Anil Markandya & Mikel González-Eguino & Patrick Criqui & Silvana Mima, 2011. "Low Climate Stabilisation under Diverse Growth and Convergence Scenarios," Working Papers 2011-08, BC3.
- NEP-ALL-2013-10-25 (All new papers)
- NEP-ENE-2013-10-25 (Energy Economics)
- NEP-ENV-2013-10-25 (Environmental Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- D. Gale Johnson, 2000. "Population, Food, and Knowledge," American Economic Review, American Economic Association, vol. 90(1), pages 1-14, March.
- Criqui, Patrick & Mima, Silvana & Viguier, Laurent, 1999. "Marginal abatement costs of CO2 emission reductions, geographical flexibility and concrete ceilings: an assessment using the POLES model," Energy Policy, Elsevier, vol. 27(10), pages 585-601, October.
- James D. Hamilton, 2009.
"Understanding Crude Oil Prices,"
The Energy Journal,
International Association for Energy Economics, vol. 0(Number 2), pages 179-206.
- Persson, T. & Tabellini, G., 1993.
"Is Inequality Harmful for Growth,"
537, Stockholm - International Economic Studies.
- Terry Barker and S. Serban Scrieciu, 2010. "Modeling Low Climate Stabilization with E3MG: Towards a 'New Economics' Approach to Simulating Energy-Environment-Economy System Dynamics," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
- Tol, Richard S. J., 2009. "The Feasibility of Low Concentration Targets: An Application of FUND," Papers WP285, Economic and Social Research Institute (ESRI).
- Ottmar Edenhofer , Brigitte Knopf, Terry Barker, Lavinia Baumstark, Elie Bellevrat, Bertrand Chateau, Patrick Criqui, Morna Isaac, Alban Kitous, Socrates Kypreos, Marian Leimbach, Kai Lessmann, Bertra, 2010. "The Economics of Low Stabilization: Model Comparison of Mitigation Strategies and Costs," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
- van Vuuren, Detlef & Fengqi, Zhou & Vries, Bert de & Kejun, Jiang & Graveland, Cor & Yun, Li, 2003. "Energy and emission scenarios for China in the 21st century--exploration of baseline development and mitigation options," Energy Policy, Elsevier, vol. 31(4), pages 369-387, March.
- Enrica De Cian & Valentina Bosetti & Alessandra Sgobbi & Massimo Tavoni, 2009. "The 2008 WITCH Model: New Model Features and Baseline," Working Papers 2009.85, Fondazione Eni Enrico Mattei.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).
If references are entirely missing, you can add them using this form.