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Flexible Multi-gas Climate Policies

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  • Jesper Jensen

Abstract

I analyse the costs of policies aimed at stabilising global climate change. I show that abatement of all major greenhouse gases is important to the costs of climate policies and that flexible reduction of methane and other non-CO2 gases may reduce costs significantly. The non-CO2 gases offer many low-cost abatement options and this reduces the need for abatement of CO2 to stabilise climate change. Multi-gas flexibility may be important if climate policies reflect not only long-term stabilisation, but also the rate at which the climate changes, as the latter may require large reductions in emissions in the short-term.

Suggested Citation

  • Jesper Jensen, 2006. "Flexible Multi-gas Climate Policies," The Energy Journal, , vol. 27(3_suppl), pages 163-175, December.
    • Handle: RePEc:sae:enejou:v:27:y:2006:i:3_suppl:p:163-175
    DOI: 10.5547/ISSN0195-6574-EJ-VolSI2006-NoSI3-8
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