Where in the World is it Cheapest to Cut Carbon Emissions? Ranking Countries by Total and Marginal Cost of Abatement
Countries with low marginal costs of abating carbon emissions may have high total costs, and vice versa, for a given climate mitigation policy. This may help to explain different countries' policy stances on climate mitigation. We hypothesize that, under a common percentage cut in emissions intensity relative to business as usual (BAU), countries with higher BAU emissions intensities have lower marginal abatement costs, but total costs relative to output will be similar across countries; and under a common carbon price, relative total costs are higher in emissions-intensive countries. Using the results of the 22nd Energy Modeling Forum, we estimate marginal abatement cost curves for the US, EU, China, and India, which we use to estimate marginal and total costs of abatement under a number of policy options currently under international debate. The results of this analysis provide support for our hypotheses.
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| Date of creation: | Aug 2011 |
| Handle: | RePEc:een:ccepwp:1111 |
| Contact details of provider: | Postal: Crawford Building, Lennox Crossing, Building #132, Canberra ACT 2601 Phone: +61 2 6125 4705 Fax: +61 2 6125 5448 Web page: https://ccep.crawford.anu.edu.au/ Email: More information through EDIRC
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- Stern, David I. & Jotzo, Frank, 2010.
"How ambitious are China and India's emissions intensity targets?,"
Energy Policy,
Elsevier, vol. 38(11), pages 6776-6783, November.
- David I. Stern & Frank Jotzo, 2009. "How Ambitious are China and India's Emissions Intensity Targets?," Environmental Economics Research Hub Research Reports 1051, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
- Stern, David I. & Jotzo, Frank, 2010. "How Ambitious are China and India’s Emissions Intensity Targets?," Research Reports 94947, Australian National University, Environmental Economics Research Hub.
- Frank Jotzo, 2010. "Comparing the Copenhagen Emissions Targets," CCEP Working Papers 0110, Centre for Climate Economics & Policy, Crawford School of Public Policy, The Australian National University.
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- Jotzo, Frank, 2010. "Comparing the Copenhagen emissions targets," Research Reports 107577, Australian National University, Environmental Economics Research Hub.
- Bang, Guri, 2010. "Energy security and climate change concerns: Triggers for energy policy change in the United States?," Energy Policy, Elsevier, vol. 38(4), pages 1645-1653, April.
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- Jotzo, Frank, 2010. "Comparing the Copenhagen emissions targets," Working Papers 249378, Australian National University, Centre for Climate Economics & Policy.
- Tavoni, Massimo & Tol, Richard S. J., 2009. "Counting Only the Hits? The Risk of Underestimating the Costs of Stringent Climate Policy," Papers WP324, Economic and Social Research Institute (ESRI).
- 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. Full references (including those not matched with items on IDEAS)
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