Intensity Targeting or Emission CAPS: Non-Cooperative Climate Change Policies and Technological Change
AbstractThis paper analyses costs and benefits of three different post-Kyoto policy options: On the one hand there is PARETO which is the nickname for the pareto-efficient internationalization of the external effects of global climate change through trading carbon emission rights on open global markets. And there is QCAP as well as ICAP on the other. Both are unilateral climate policies. QCAP denotes a scenario where regions aim for reducing domestic carbon emissions by a certain percentage annually. ICAP is a short cut for intensity targeting which is the US' most preferred climate policy option. In a world without uncertainty about future GDP and carbon dioxide emissions it refers to the same abatement policy, however by means of technological progress only
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Climate policy; intensity targeting; R&D investments; Integrated Assessment;
Find related papers by JEL classification:
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-03-13 (All new papers)
- NEP-BEC-2005-03-13 (Business Economics)
- NEP-ENE-2005-03-13 (Energy Economics)
- NEP-ENV-2005-03-13 (Environmental Economics)
- NEP-RES-2005-03-13 (Resource Economics)
- NEP-SEA-2005-03-13 (South East Asia)
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