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Impacts of Multi-gas Strategies for Greenhouse Gas Emission Abatement: Insights from a Partial Equilibrium Model

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  • Patrick Criqui, Peter Russ and Daniel Deybe

Abstract

The Version 5 of the POLES model has been developed for the assessment of multi-gas emission reduction strategies. Abatement options have been introduced for all non-CO2 GHGs in the Kyoto Basket and, for the agricultural sector, Marginal Abatement Cost curves have been derived from the new AGRIPOL model. Combined with an international emission permit scheme that is based on the Soft Landing approach, an emission profile respecting climate targets of 550 ppmv provides a relatively soft constraint case for developing countries. The multi-gas analyses first of all demonstrate the relevance of the approach as changing from a CO2Ðonly to a multi-gas strategy either allows to increase total abatement of 25% for the same Marginal Abatement Cost or to decrease the MAC of approximately 30% for the same total abatement. Not surprisingly however, the impacts on world demand and primary fuel mix are less pronounced in the multi-gas case. This is easily understandable as a counterpart for introducing more margins of freedom in the abatement effort.

Suggested Citation

  • Patrick Criqui, Peter Russ and Daniel Deybe, 2006. "Impacts of Multi-gas Strategies for Greenhouse Gas Emission Abatement: Insights from a Partial Equilibrium Model," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 251-274.
    • Handle: RePEc:aen:journl:2006se_weyant-a12
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    Citations

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    Cited by:

    1. Fanny Henriet, Nicolas Maggiar, and Katheline Schubert, 2014. "A Stylized Applied Energy-Economy Model for France," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    2. Samuel Carrara & Giacomo Marangoni, 2013. "Non-CO2 greenhouse gas mitigation modeling with marginal abatement cost curv es: technical change, emission scenarios and policy costs," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2013(1), pages 91-124.
    3. Russ, Peter & Criqui, Patrick, 2007. "Post-Kyoto CO2 emission reduction: The soft landing scenario analysed with POLES and other world models," Energy Policy, Elsevier, vol. 35(2), pages 786-796, February.
    4. Moslener, Ulf & Requate, Till, 2009. "The dynamics of optimal abatement strategies for multiple pollutants--An illustration in the Greenhouse," Ecological Economics, Elsevier, vol. 68(5), pages 1521-1534, March.
    5. Richard S. J. Tol & Seán Lyons, 2008. "Incorporating GHG Emission Costs in the Economic Appraisal of Projects Supported by State Development Agencies," Papers WP247, Economic and Social Research Institute (ESRI).
    6. Fanny Henriet & Nicolas Maggiar & Katheline Schubert, 2016. "La France peut-elle atteindre l’objectif du Facteur 4 ? Une évaluation à l’aide d’un modèle stylisé énergie-économie," Economie & Prévision, La Documentation Française, vol. 0(1), pages 1-21.
    7. Trotter, Ian Michael & da Cunha, Dênis Antônio & Féres, José Gustavo, 2015. "The relationships between CDM project characteristics and CER market prices," Ecological Economics, Elsevier, vol. 119(C), pages 158-167.
    8. Halkos, George & Tzeremes, Nickolaos & Kourtzidis, Stavros, 2014. "Abating CO2 emissions in the Greek energy and industry sectors," MPRA Paper 60807, University Library of Munich, Germany.

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    JEL classification:

    • F0 - International Economics - - General

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