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Comparison of different climate regimes: the impact of broadening participation

Listed author(s):
  • van Vuuren, Detlef P.
  • den Elzen, Michel G.J.
  • van Vliet, Jasper
  • Kram, Tom
  • Lucas, Paul
  • Isaac, Morna
Registered author(s):

    So-far, most climate mitigation studies look at climate policy strategies in a so-called first-best world, i.e. using the least expensive emission reduction options in all world regions and sectors. To explore the impact of limited participation of countries, we have run a set of scenarios that explore the impact of introducing a carbon tax in OECD, the BRIC countries (Brazil Russia, India and China) and the rest of the world. The results show that carbon taxes can effectively reduce greenhouse gas emissions. However, if low greenhouse gas concentration levels are to be achieved, early participation (in some form) of large developing countries is important to increase reduction potential. It should be noted that global carbon taxes (without additional assumptions) lead to relatively high costs in low-income regions. Cap-and-trade regimes have more flexibility to create a comparable distribution of costs amongst countries.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(09)00576-X
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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 37 (2009)
    Issue (Month): 12 (December)
    Pages: 5351-5362

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    Handle: RePEc:eee:enepol:v:37:y:2009:i:12:p:5351-5362
    Contact details of provider: Web page: http://www.elsevier.com/locate/enpol

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    1. den Elzen, Michel & Lucas, Paul & Vuuren, Detlef van, 2005. "Abatement costs of post-Kyoto climate regimes," Energy Policy, Elsevier, vol. 33(16), pages 2138-2151, November.
    2. Jon Hovi & Bjart Holtsmark, 2006. "Cap-and-trade or carbon taxes? The feasibility of enforcement and the effects of non-compliance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(2), pages 137-155, June.
    3. Michel Elzen & Marcel Berk & Paul Lucas & Patrick Criqui & Alban Kitous, 2006. "Multi-Stage: A Rule-Based Evolution of Future Commitments under the Climate Change Convention," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(1), pages 1-28, 03.
    4. Syri, Sanna & Amann, Markus & Capros, Pantelis & Mantzos, Leonidas & Cofala, Janusz & Klimont, Zbigniew, 2001. "Low-CO2 energy pathways and regional air pollution in Europe," Energy Policy, Elsevier, vol. 29(11), pages 871-884, September.
    5. van Vuuren, Detlef P. & Weyant, John & de la Chesnaye, Francisco, 2006. "Multi-gas scenarios to stabilize radiative forcing," Energy Economics, Elsevier, vol. 28(1), pages 102-120, January.
    6. Jean-Marc Burniaux & Jean Château, 2008. "An Overview of the OECD ENV-Linkages Model," OECD Economics Department Working Papers 653, OECD Publishing.
    7. Newell, Richard G. & Pizer, William A., 2003. "Regulating stock externalities under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 416-432, March.
    8. van Vuuren, D.P. & Cofala, J. & Eerens, H.E. & Oostenrijk, R. & Heyes, C. & Klimont, Z. & den Elzen, M.G.J. & Amann, M., 2006. "Exploring the ancillary benefits of the Kyoto Protocol for air pollution in Europe," Energy Policy, Elsevier, vol. 34(4), pages 444-460, March.
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