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GTAP Resource #5227

"Global mitigation costs - When and What flexibilities revisited in a second-best framework "
by Hamdi-Cherif, Meriem

This article revisits the role of the time profile of carbon emission reductions and the use of complementary instruments to carbon pricing in the design of climate policies. Using the CGE energy-economy-environment model Imaclim-R, we demonstrate that the emission profile does not significantly change the time profile and the magnitude of mitigation costs. Recycling carbon tax revenues towards lower labor taxes and an early action on long-lived infrastructures offer very important reductions of mitigation costs. We find that these complementary measures are as important determinants of mitigation costs as the time profile of emissions and the sequencing of these options is closely related to the intertemporal tradeoff on emission reduction.

Resource Details (Export Citation) GTAP Keywords
Category: Other CGE Application
Status: Not published
Date: 2017
Created: Hamdi-Cherif, M. (4/10/2017)
Updated: Batta, G. (5/8/2017)
Visits: 748
- Dynamic modeling
- Climate change policy
- Economic development
- Not Applicable

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