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GTAP Resource #5530

"Climate policy implications from Nationally Determined Contributions to Deep Decarbonization Transformations in the EU"
by Parrado, Ramiro

The path to a sustainable future is closely related to deep transformations that will change development strategies of all countries in the world. These new strategies will be based on paradigms which will rely on a balanced exploitation of Earth’s natural resources, as well as on increasing roles for recycling activities along with the development of more efficient technologies. Furthermore, one crucial element of a decarbonized economy will be the availability of clean sources of energy for electricity generation. This paper explores this issue focusing on a transition from the efforts pledged in the Paris Agreement as National Determined Contributions (NDCs) to a Deep Decarbonization Pathway for several European countries. We use a Computable General Equilibrium (CGE) model to explore the implications of an increasing role of renewable and clean energies to reduce Green House Gas (GHG) emissions in the electricity sector. First, we analyze the implications for the rest of the economy, in particular the sectors that form part of the supply chain in electricity generation. Then, we consider the possible effect on future economic growth. Finally, we focus on the effects on energy dependency and fossil fuel trade.

Resource Details (Export Citation) GTAP Keywords
Category: 2018 Conference Paper
Status: Published
By/In: Presented at the 21st Annual Conference on Global Economic Analysis, Cartagena, Colombia
Date: 2018
Created: Parrado, R. (4/13/2018)
Updated: Parrado, R. (4/13/2018)
Visits: 1,242
- Climate change policy
- European Union

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