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Benefits of Multi-Gas Mitigation: An Application of the Global Trade and Environment Model (GTEM)

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  • Guy Jakeman and Brian S. Fisher

Abstract

To address the problem of human induced climate change effectively, climate policy must embody the principles of economic efficiency, environmental effectiveness and equity. In this paper it is shown that such a climate change policy should include a broad coverage of major greenhouse gases and sources. ABAREÕs Global Trade and Environment Model (GTEM) is used to analyse the economic impact of meeting a radiative forcing target using policies that focus on carbon dioxide emissions only and policies that focus on all major greenhouse gases and sources, including land use change and forestry emissions. It is projected that incorporating non-carbon dioxide gases into climate change policy reduces the economic adjustment cost significantly. Broadening the sources of carbon dioxide to include land use change and forestry emissions further reduces the economic adjustment costs.

Suggested Citation

  • Guy Jakeman and Brian S. Fisher, 2006. "Benefits of Multi-Gas Mitigation: An Application of the Global Trade and Environment Model (GTEM)," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 323-342.
    • Handle: RePEc:aen:journl:2006se_weyant-a16
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    Cited by:

    1. Fortmann, Lea & Cordero-Salas, Paula & Sohngen, Brent & Brian, Roe, 2016. "Incentive Contracts for Environmental Services and their Potential in REDD," International Review of Environmental and Resource Economics, now publishers, vol. 9(3-4), pages 363-409, September.
    2. Arjan De Koning & Gjalt Huppes & Sebastiaan Deetman & Arnold Tukker, 2016. "Scenarios for a 2 °C world: a trade-linked input--output model with high sector detail," Climate Policy, Taylor & Francis Journals, vol. 16(3), pages 301-317, April.
    3. Rose, Steven K. & Ahammad, Helal & Eickhout, Bas & Fisher, Brian & Kurosawa, Atsushi & Rao, Shilpa & Riahi, Keywan & van Vuuren, Detlef P., 2012. "Land-based mitigation in climate stabilization," Energy Economics, Elsevier, vol. 34(1), pages 365-380.
    4. Kuik, Onno & Brander, Luke & Tol, Richard S.J., 2009. "Marginal abatement costs of greenhouse gas emissions: A meta-analysis," Energy Policy, Elsevier, vol. 37(4), pages 1395-1403, April.

    More about this item

    JEL classification:

    • F0 - International Economics - - General

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