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Costs of Reducing CO2 Emissions: Evidence from Six Global Models

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  • Andrew Dean
  • Peter Hoeller

Abstract

This paper summarises and analyses results of the OECD's Model Comparisons Project. The aim of the project is to better understand differences across six global models in the cost of reducing carbon dioxide emissions. In order to facilitate comparisons, key assumptions and reduction targets have been standardised. The paper provides evidence on; i) projected carbon dioxide emissions through the next century, and ii) the carbon taxes and output costs entailed in reducing these emissions ... Ce document résume et analyse les résultats du projet de l'OCDE de comparaison de modèles. Le but de ce projet est de mieux comprendre les différences de coûts de réduction des émissions de dioxide de carbone que font apparaître six modèles globaux. Pour faciliter ces comparaisons les hypothèses clés et les objectifs de réduction ont été standardisés. Cette étude met en évidence ; i) les émissions projetées de dioxyde de carbone d'ici à la fin du siècle prochain et ii) les taxes sur le carbone et les coûts de production que suppose la réduction de ces émissions ...

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File URL: http://dx.doi.org/10.1787/273021141073
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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 122.

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Date of creation: 1992
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Handle: RePEc:oec:ecoaaa:122-en

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Cited by:
  1. Jaeger, William K., 1995. "The welfare cost of a global carbon tax when tax revenues are recycled," Resource and Energy Economics, Elsevier, Elsevier, vol. 17(1), pages 47-67, May.
  2. Linda Ferguson & Peter Mcgregor & J. Kim Swales & Karen Turner & Ya Ping Yin, 2005. "Incorporating sustainability indicators into a computable general equilibrium model of the scottish economy," Economic Systems Research, Taylor & Francis Journals, Taylor & Francis Journals, vol. 17(2), pages 103-140.
  3. Alan A. Powell, 1993. "Integrating Econometric and Environmetric Modelling," Centre of Policy Studies/IMPACT Centre Working Papers g-102, Victoria University, Centre of Policy Studies/IMPACT Centre.
  4. Tomáš Brzobohatý & Petr Janský, 2010. "Impact of CO 2 Emissions Reductions on Firms’ Finance in an Emerging Economy: The Case of the Czech Republic," Transition Studies Review, Springer, Springer, vol. 17(4), pages 725-736, December.
  5. Lars Lindholt, 1999. "Beyond Kyoto: CO2 permit prices and the markets for fossil fuels," Discussion Papers, Research Department of Statistics Norway 258, Research Department of Statistics Norway.
  6. Robalino, David & Lempert, Robert, 2000. "Carrots and sticks for new technology: Abating greenhouse gas emissions in a heterogeneous and uncertain world," MPRA Paper 12002, University Library of Munich, Germany.
  7. Learmonth, D. & McGregor, P.G. & Swales, J.K. & Turner, K.R. & Yin, Y.P., 2007. "The importance of the regional/local dimension of sustainable development: An illustrative Computable General Equilibrium analysis of the Jersey economy," Economic Modelling, Elsevier, Elsevier, vol. 24(1), pages 15-41, January.
  8. Kverndokk,S. & Rosendahl,E., 2000. "CO2 mitigation costs and ancillary benefits in the Nordic countries, the UK and Ireland : a survey," Memorandum, Oslo University, Department of Economics 34/2000, Oslo University, Department of Economics.
  9. repec:reg:wpaper:610 is not listed on IDEAS
  10. Xavier Labandeira & Miguel Rodríguez, 2004. "The effects of a sudden CO2 reduction in Spain," Working Papers, Universidade de Vigo, Departamento de Economía Aplicada 0408, Universidade de Vigo, Departamento de Economía Aplicada.
  11. Paul Ekins, 1995. "Rethinking the costs related to global warming: A survey of the issues," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 6(3), pages 231-277, October.
  12. L. Wexler, 1996. "Improving Population Assumptions in Greenhouse Emissions Models," Working Papers, International Institute for Applied Systems Analysis wp96099, International Institute for Applied Systems Analysis.
  13. McKitrick, Ross R., 1998. "The econometric critique of computable general equilibrium modeling: the role of functional forms," Economic Modelling, Elsevier, Elsevier, vol. 15(4), pages 543-573, October.
  14. Ekins, Paul, 1996. "How large a carbon tax is justified by the secondary benefits of CO2 abatement?," Resource and Energy Economics, Elsevier, Elsevier, vol. 18(2), pages 161-187, June.
  15. repec:reg:wpaper:60 is not listed on IDEAS
  16. Olli Tahvonen, 1995. "Dynamics of pollution control when damage is sensitive to the rate of pollution accumulation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 5(1), pages 9-27, January.
  17. van Zon, Adriaan & Yetkiner, I. Hakan, 2003. "An endogenous growth model with embodied energy-saving technical change," Resource and Energy Economics, Elsevier, Elsevier, vol. 25(1), pages 81-103, February.
  18. Shukla, P. R., 1995. "Greenhouse gas models and abatement costs for developing nations : A critical assessment," Energy Policy, Elsevier, Elsevier, vol. 23(8), pages 677-687, August.
  19. Maddison, David, 1995. "A cost-benefit analysis of slowing climate change," Energy Policy, Elsevier, Elsevier, vol. 23(4-5), pages 337-346.

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