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A Comparability Analysis of Global Burden Sharing GHG Reduction Scenarios

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The distribution of the mitigation burden across countries is a key issue regarding the post-2012 global climate policies. This article explores the economic implications of alternative allocation rules, an assessment made in the run-up to the COP15 in Copenhagen (December 2009). We analyse the comparability of the allocations across countries based on four single indicators: GDP per capita, GHG emissions per GDP, population growth, and the GHG emission trend in the recent past. The multi-sectoral computable general equilibrium model of the global economy, GEM-E3, is used for that purpose. Further, the article also compares a perfect carbon market without transaction costs with the case of a gradually developing carbon market, i.e. a carbon market with (gradually diminishing) transaction costs.

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  • Juan Carlos CISCAR & Bert Saveyn & Antonio Soria & Lazlo Szabo & Denise Van Regemorter & Tom Van Ierland, 2012. "A Comparability Analysis of Global Burden Sharing GHG Reduction Scenarios," JRC Research Reports JRC68856, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc68856
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    2. Bai, Caiquan & Liu, Hangjuan & Zhang, Rongjie & Feng, Chen, 2023. "Blessing or curse? Market-driven environmental regulation and enterprises' total factor productivity: Evidence from China's carbon market pilots," Energy Economics, Elsevier, vol. 117(C).
    3. Oliver Wetter & Christian Pfister & Johannes Werner & Eduardo Zorita & Sebastian Wagner & Sonia Seneviratne & Jürgen Herget & Uwe Grünewald & Jürg Luterbacher & Maria-Joao Alcoforado & Mariano Barrien, 2014. "The year-long unprecedented European heat and drought of 1540 – a worst case," Climatic Change, Springer, vol. 125(3), pages 349-363, August.
    4. Bollen, Johannes, 2015. "The value of air pollution co-benefits of climate policies: Analysis with a global sector-trade CGE model called WorldScan," Technological Forecasting and Social Change, Elsevier, vol. 90(PA), pages 178-191.
    5. Vandyck, Toon & Van Regemorter, Denise, 2014. "Distributional and regional economic impact of energy taxes in Belgium," Energy Policy, Elsevier, vol. 72(C), pages 190-203.
    6. Cai, Liya & Luo, Ji & Wang, Minghui & Guo, Jianfeng & Duan, Jinglin & Li, Jingtao & Li, Shuo & Liu, Liting & Ren, Dangpei, 2023. "Pathways for municipalities to achieve carbon emission peak and carbon neutrality: A study based on the LEAP model," Energy, Elsevier, vol. 262(PB).
    7. Qunli Wu & Hongjie Zhang, 2019. "Research on Optimization Allocation Scheme of Initial Carbon Emission Quota from the Perspective of Welfare Effect," Energies, MDPI, vol. 12(11), pages 1-27, June.
    8. Larch, Mario & Wanner, Joschka, 2017. "Carbon tariffs: An analysis of the trade, welfare, and emission effects," Journal of International Economics, Elsevier, vol. 109(C), pages 195-213.
    9. Vicki Duscha & Katja Schumacher & Joachim Schleich & Pierre Buisson, 2014. "Costs of meeting international climate targets without nuclear power," Climate Policy, Taylor & Francis Journals, vol. 14(3), pages 327-352, May.
    10. Fujimori, Shinichiro & Masui, Toshihiko & Matsuoka, Yuzuru, 2015. "Gains from emission trading under multiple stabilization targets and technological constraints," Energy Economics, Elsevier, vol. 48(C), pages 306-315.
    11. Višković, Alfredo & Franki, Vladimir & Valentić, Vladimir, 2014. "CCS (carbon capture and storage) investment possibility in South East Europe: A case study for Croatia," Energy, Elsevier, vol. 70(C), pages 325-337.
    12. Yang, Dewei & Liu, Dandan & Huang, Anmin & Lin, Jianyi & Xu, Lingxing, 2021. "Critical transformation pathways and socio-environmental benefits of energy substitution using a LEAP scenario modeling," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    13. Lejla Terzić, 2023. "Why is the transition to a green economy important for achieving sustainability? A review of some theoretical approaches and empirical research presented in the literature," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 307-332.

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    More about this item

    Keywords

    International climate policy; GHG reduction; Copenhagen Accord; general equilibrium;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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