Energy market projections and differentiated carbon abatement in the European Union

Arbeitspapier

We analyze the economic effects of the differentiated targets for carbon abatement in six European Union member states. Our recursively-dynamic model includes a detailed representation of trade and energy consumption and incorporates optimistic projections for future energy markets provided by the European Commission as the Business-as-Usual scenario. In the base case we find that the EU implementation of the Kyoto Protocol implies low overall costs and a relatively even cost distribution across member states. We also show that a less optimistic development in energy efficiency implies higher costs in all countries, especially in those with high abatement costs. Finally, we find that uniform abatement targets increase overall costs marginally but changes the cost distribution significantly, holding total EU emissions constant.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 99-11

Classification and Topics

• Classification: Wirtschaft
• Subject: Klimaschutz ; Wirtschaftspolitische Wirkungsanalyse ; Energieprognose ; Umweltschutzkosten ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Böhringer, Christoph ; Jensen, Jesper ; Rutherford, Thomas F.
• Event: Veröffentlichung
• (who): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (where): Mannheim
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/24297
• Last update: 10.03.2025, 11:42 AM CET