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Defining deep decarbonization pathways for Switzerland: An economic evaluation based on the Computable General Equilibrium Model GEMINI-E3

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  • Babonneau, Frédéric
  • Thalmann, Philippe
  • Vielle, Marc

Abstract

This paper presents the Swiss contribution to the Deep Decarbonization Pathways (DDP) project which is an international collaborative initiative aiming at understanding and showing how individual countries might define a roadmap paving the way to reaching a low carbon economy and how the world can keep global mean temperature increase below 2°C. The Swiss analysis relies on macro-economic simulations of GEMINI-E3, a computable general equilibrium model used to assess the energy and economic impacts of a Swiss low carbon society. The DDP scenarios assume a CO2 emissions target of 1 ton per Swiss inhabitant following the Swiss climate target which represents a 76% abatement with respect to 1990 levels. The paper discusses several options/scenarios compatible with this emissions target that appears to be quite challenging. The scenarios are compared to a reference scenario which assumes that Switzerland will reach a 20% reduction of CO2 emissions relative to 1990 levels, using instruments that have already been defined (buildings refurbishment program, regulation on CO2 emission for new cars, CO2 tax on stationary fuels, Swiss ETS market).

Suggested Citation

  • Babonneau, Frédéric & Thalmann, Philippe & Vielle, Marc, 2015. "Defining deep decarbonization pathways for Switzerland: An economic evaluation based on the Computable General Equilibrium Model GEMINI-E3," Conference papers 332637, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:332637
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    References listed on IDEAS

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    1. Christoph Böhringer & André Müller, 2014. "Environmental Tax Reforms in Switzerland: A Computable General Equilibrium Impact Analysis," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 150(I), pages 1-21, March.
    2. Alain Bernard & Marc Vielle, 2008. "GEMINI-E3, a general equilibrium model of international–national interactions between economy, energy and the environment," Computational Management Science, Springer, vol. 5(3), pages 173-206, May.
    3. Wing, Ian Sue, 2006. "The synthesis of bottom-up and top-down approaches to climate policy modeling: Electric power technologies and the cost of limiting US CO2 emissions," Energy Policy, Elsevier, vol. 34(18), pages 3847-3869, December.
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