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Identifying strategies for mitigating the global warming impact of the EU-25 economy using a multi-objective input-output approach

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  • Cortés Borda, Daniel Enrique
  • Ruíz Hernández, Antonio
  • Guillén Gosálbez, Gonzalo
  • Llop Llop, Maria
  • Guimerà Manrique, Roger
  • Sales Pardo, Marta

Abstract

Global warming mitigation has recently become a priority worldwide. A large body of literature dealing with energy related problems has focused on reducing greenhouse gases emissions at an engineering scale. In contrast, the minimization of climate change at a wider macroeconomic level has so far received much less attention. We investigate here the issue of how to mitigate global warming by performing changes in an economy. To this end, we make use of a systematic tool that combines three methods: linear programming, environmentally extended input output models, and life cycle assessment principles. The problem of identifying key economic sectors that contribute significantly to global warming is posed in mathematical terms as a bi criteria linear program that seeks to optimize simultaneously the total economic output and the total life cycle CO2 emissions. We have applied this approach to the European Union economy, finding that significant reductions in global warming potential can be attained by regulating specific economic sectors. Our tool is intended to aid policymakers in the design of more effective public policies for achieving the environmental and economic targets sought.

Suggested Citation

  • Cortés Borda, Daniel Enrique & Ruíz Hernández, Antonio & Guillén Gosálbez, Gonzalo & Llop Llop, Maria & Guimerà Manrique, Roger & Sales Pardo, Marta, 2014. "Identifying strategies for mitigating the global warming impact of the EU-25 economy using a multi-objective input-output approach," Working Papers 2072/246959, Universitat Rovira i Virgili, Department of Economics.
  • Handle: RePEc:urv:wpaper:2072/246959
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    Cited by:

    1. Wenlan Ke & Jinghua Sha & Jingjing Yan & Guofeng Zhang & Rongrong Wu, 2016. "A Multi-Objective Input–Output Linear Model for Water Supply, Economic Growth and Environmental Planning in Resource-Based Cities," Sustainability, MDPI, Open Access Journal, vol. 8(2), pages 1-18, February.
    2. Singh, Vivek Kumar & Henriques, Carla Oliveira & Martins, António Gomes, 2018. "Fostering investment on energy efficient appliances in India–A multi-perspective economic input-output lifecycle assessment," Energy, Elsevier, vol. 149(C), pages 1022-1035.
    3. repec:gam:jsusta:v:8:y:2016:i:2:p:160:d:63664 is not listed on IDEAS
    4. Guerra, Ana-Isabel & Sancho, Ferran, 2018. "Positive and normative analysis of the output opportunity costs of GHG emissions reductions: A comparison of the six largest EU economies," Energy Policy, Elsevier, vol. 122(C), pages 45-62.
    5. Yu, Shiwei & Zheng, Shuhong & Zhang, Xuejiao & Gong, Chengzhu & Cheng, Jinhua, 2018. "Realizing China's goals on energy saving and pollution reduction: Industrial structure multi-objective optimization approach," Energy Policy, Elsevier, vol. 122(C), pages 300-312.

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    Keywords

    Escalfament global; Unió Europea; Països de la; Canvis climàtics -- Aspectes econòmics -- Unió Europea; Països de la; 33 - Economia; 504 - Ciències del medi ambient;

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