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A cost analysis of the Copenhagen emission reduction pledges

Author

Listed:
  • Olivia Ricci

    (MINES ParisTech-Centre for Applied Mathematics)

  • Sandrine Selosse

    (MINES ParisTech-Centre for Applied Mathematics)

Abstract

As part of the Copenhagen Accord, countries have submitted emission reduction pledges for 2020. Using a long term optimisation model (TIAM-FR), we evaluate the implications of these submissions for emission reductions, carbon prices and total cost of the energy system. Our study finds that the pledges are not sufficient to meet the global recommended 2-2.4°C objective. Furthermore, reaching the overall 2°-2.4C objective would involve significant costs for China and India that explains the difficulty of international negotiations.

Suggested Citation

  • Olivia Ricci & Sandrine Selosse, 2013. "A cost analysis of the Copenhagen emission reduction pledges," Economics Bulletin, AccessEcon, vol. 33(1), pages 764-771.
    • Handle: RePEc:ebl:ecbull:eb-12-00928
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    File URL: http://www.accessecon.com/Pubs/EB/2013/Volume33/EB-13-V33-I1-P74.pdf
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    References listed on IDEAS

    as
    1. Rob Dellink & Gregory Briner & Christa Clapp, 2010. "Costs, Revenues, and Effectiveness of the Copenhagen Accord Emission Pledges for 2020," OECD Environment Working Papers 22, OECD Publishing.
    2. Peterson, Everett B. & Schleich, Joachim & Duscha, Vicki, 2011. "Environmental and economic effects of the Copenhagen pledges and more ambitious emission reduction targets," Energy Policy, Elsevier, vol. 39(6), pages 3697-3708, June.
    3. Patrick Criqui & Constantin Ilasca, 2010. "Les engagements pris à Copenhague et la question de la comparabilité des efforts," Post-Print halshs-00511790, HAL.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Selosse, Sandrine & Ricci, Olivia, 2014. "Achieving negative emissions with BECCS (bioenergy with carbon capture and storage) in the power sector: New insights from the TIAM-FR (TIMES Integrated Assessment Model France) model," Energy, Elsevier, vol. 76(C), pages 967-975.

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    More about this item

    Keywords

    Global warming; Copenhagen Accord; long term optimisation model; abatement cost;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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