GTAP Resources: Resource Display
| GTAP Resource #4414 |
|---|
|
"GREEN GROWTH AND SUSTAINABILITY: ANALYSING TRADE-OFFS IN CLIMATE CHANGE POLICY OPTIONS" by Antimiani, Alessandro, Valeria Costantini, Anil Markandia, Chiara Martini, Alessandro Palma and Maria Cristina Tommasino Abstract One of the politically most controversial climate change questions is how much will it cost to meet the targets consistent with a reasonable probability of avoiding major upheavals in the world’s climate in the medium to long term. In this paper we investigate the trade-offs between growth and low carbon targets for both developing and developed countries for the period to 2035/2050. For the purpose of this paper we have developed an energy-environmental version of GDyn, hereafter called as GDynE, which results from merging GDyn with GTAP-E. We calibrate the model with the IEA emissions values till the 2050. Furthermore we carry a sensitivity analysis about alternative elasticity values in energy sectors, showing how a new set of parameters must be used in order to have consistent results. The issues examined include two policy options for being on track to meet the 450 ppm target: (a) national/regional targets without international trade in carbon permits and (b) a global market in permits. The model focuses on bilateral trade flows and links between economies and sectors that capture the realistic economy-wide nature of a globalized world. The results show higher costs of meeting the target than the average of previous models, although there are some previous studies that have costs in the same range. We then go on to investigate options for reducing these costs that are broadly consistent with a green growth strategy of supporting low carbon development. A green carbon fund financed through a levy on carbon taxatio n can benefit all parties. Potential larger benefits are associated with the investment of the green fund to foster energy efficiency. ... |
| Resource Details (Export Citation) | GTAP Keywords | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
- Calibration and parameter estimation - Dynamic modeling - Climate change policy - Economic development - Not Applicable |
| Attachments |
|---|
|
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  GTAP Resource 4414 (517.7 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
| Comments (0 posted) |
|---|
|
You must log in before entering comments.
No comments have been posted. |
Last Modified: 9/15/2023 2:05:45 PM
