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Cuantificación de los costes de política climática con modelos de equilibrio general computable

Author

Listed:
  • Juan Carlos Ciscar Martinez

    (Institute for Prospective Technological Studies (IPTS))

  • Denise van Regemorter

    (Katholieke Universiteit Leuven (KUL))

Abstract

Computable general equilibrium (CGE) models are regularly used for assessing the impacts of environmental policies on the economy. This article applies this methodology for global climate policy using the world GEM-E3 CGE model. An emissions reduction scenario meeting the EU 2 degrees target is designed with specific climate policy instruments, mainly relying on emissions trading. The marginal cost is estimated at 40 US$/tCO2-eq in 2020 and around double that figure for the year 2030. The GDP of the world economy would fall in annual terms by 0.11% in 2020 and 0.17% in 2030, compared to the baseline scenario. The world welfare would be annually reduced by 0.1% and 0.15% by 2020 and 2030, respectively.

Suggested Citation

  • Juan Carlos Ciscar Martinez & Denise van Regemorter, 2008. "Cuantificación de los costes de política climática con modelos de equilibrio general computable," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 67(01), pages 16-29.
    • Handle: RePEc:ekz:ekonoz:2008102
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    More about this item

    Keywords

    climate change; computable general equilibrium models; post-2012 climate policy;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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