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Technology Policy and World Greenhouse Gas Emissions in the AMIGA Modeling System

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  • Donald A. Hanson and John A. Skip Laitner

Abstract

In this paper we examine the interaction between technology policy and its impact on the full basket of worldwide greenhouse emissions over the 21st century. The heart of the analysis is the Argonne National LaboratoryÕs AMIGA Modeling System, a technology rich, general equilibrium model that (depending on data availability) characterizes as many as 200 sectors of the regional economies. We suggest in this paper that technologies and technology policies exist which could reduce carbon emissions enough to achieve stabilization targets at relatively modest costs given the size of the world economy. This can be accomplished largely through harnessing market forces and creating incentives with the use of efficient prices on greenhouse gas emissions, combined with complementary programs and policies to reduce market failures and to promote new technology improvements and investments.

Suggested Citation

  • Donald A. Hanson and John A. Skip Laitner, 2006. "Technology Policy and World Greenhouse Gas Emissions in the AMIGA Modeling System," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 355-372.
    • Handle: RePEc:aen:journl:2006se_weyant-a18
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    Cited by:

    1. Adam Rose & Noah Dormady, 2011. "A Meta-Analysis of the Economic Impacts of Climate Change Policy in the United States," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 143-166.
    2. Usher, Will & Strachan, Neil, 2013. "An expert elicitation of climate, energy and economic uncertainties," Energy Policy, Elsevier, vol. 61(C), pages 811-821.
    3. Xiangsheng Dou, 2015. "The essence, feature and role of low carbon economy," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 17(1), pages 123-136, February.
    4. Adam Rose & Dan Wei & Noah Dormady, 2011. "Regional macroeconomic assessment of the Pennsylvania Climate Action Plan," Regional Science Policy & Practice, Wiley Blackwell, vol. 3(4), pages 357-379, November.
    5. Kuik, Onno & Brander, Luke & Tol, Richard S.J., 2009. "Marginal abatement costs of greenhouse gas emissions: A meta-analysis," Energy Policy, Elsevier, vol. 37(4), pages 1395-1403, April.

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    JEL classification:

    • F0 - International Economics - - General

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