Impacts and implications of implementing voluntary greenhouse gas emission reduction targets in major countries and Korea
This study analyses the pledges submitted by Korea and other major parties to the UNFCCC secretariat as part of the Copenhagen Accord, using the global CGE model. The analysis shows that the greenhouse gas (GHG) emissions of the developed countries decrease by up to 14.0% by 2020 compared to the 1990 level. These results show the need to raise the targets amongst developed countries in order to reach to the reduction levels (25-40%) recommended by the IPCC to meet 450Â ppm CO2 eq. On the other hand, the full implementation of those pledges of Annex I and non-Annex I countries was found to contribute to the decrease of the global GHG emissions by about 15.9% compared to Business as Usual (BaU). Such results imply the need for developed countries to step up their reduction targets, as well as for developing ones to participate comprehensively and to reduce GHG emissions at a considerable level in order to enhance the environmental effectiveness of the Post-Kyoto framework hereafter. Meanwhile, it is analyzed that the implementation of voluntary target among major countries would reduce the global real GDP by 1.2%, and in the case of Korea, the real GDP was projected to diminish by 1.5%.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
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.:
- Peterson, Everett B. & Schleich, Joachim & Duscha, Vicki, 2011. "Environmental and economic effects of the Copenhagen pledges and more ambitious emission reduction targets," Energy Policy, Elsevier, vol. 39(6), pages 3697-3708, June.
- Hanoch, Giora, 1975. "Production and Demand Models with Direct or Indirect Implicit Additivity," Econometrica, Econometric Society, vol. 43(3), pages 395-419, May.
- Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, November.
When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:39:y:2011:i:9:p:5086-5095. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.