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The Cost Of Climate Change Mitigation Policy In Eastern Europe And Former Soviet Union

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  • EMANUELE MASSETTI

    (Yale F&ES, FEEM and CMCC, 195 Prospect St., New Haven, CT 06515, USA)

  • MASSIMO TAVONI

    (FEEM and CMCC, C. So Magenta 63, 20123 Milano, Italy)

Abstract

This paper provides one of the few assessments of the economic implications of climate change policies in the important region of Eastern Europe and post-Soviet states. We use an integrated assessment model to evaluate the consequences of implementing climate policies consistent with the targets proposed by the Major Economies Forum by mid-century. We decompose the economic impacts in terms of domestic abatement costs, of oil trading and of international emission permit trading for a variety of scenarios, and show that these could be substantial for this region. The results point towards innovation and economic diversification as key complementary measures to be implemented in preparation of climate mitigation strategies.

Suggested Citation

  • Emanuele Massetti & Massimo Tavoni, 2011. "The Cost Of Climate Change Mitigation Policy In Eastern Europe And Former Soviet Union," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 2(04), pages 341-370.
    • Handle: RePEc:wsi:ccexxx:v:02:y:2011:i:04:n:s2010007811000346
    DOI: 10.1142/S2010007811000346
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    References listed on IDEAS

    as
    1. Emanuele Massetti & Fabio Sferra, 2010. "A Numerical Analysis of Optimal Extraction and Trade of Oil under Climate Policy," Working Papers 2010.113, Fondazione Eni Enrico Mattei.
    2. Bosetti, Valentina & Carraro, Carlo & De Cian, Enrica & Massetti, Emanuele & Tavoni, Massimo, 2013. "Incentives and stability of international climate coalitions: An integrated assessment," Energy Policy, Elsevier, vol. 55(C), pages 44-56.
    3. Jean-Marc Burniaux & Jean Château & Rob Dellink & Romain Duval & Stéphanie Jamet, 2009. "The Economics of Climate Change Mitigation: How to Build the Necessary Global Action in a Cost-Effective Manner," OECD Economics Department Working Papers 701, OECD Publishing.
    4. Valentina Bosetti & Emanuele Massetti & Massimo Tavoni, 2007. "The WITCH Model. Structure, Baseline, Solutions," Working Papers 2007.10, Fondazione Eni Enrico Mattei.
    5. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Gregory F. Nemet and Adam R. Brandt, 2012. "Willingness to Pay for a Climate Backstop: Liquid Fuel Producers and Direct CO2 Air Capture," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
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    Cited by:

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    2. Geoffrey Blanford & Elmar Kriegler & Massimo Tavoni, 2014. "Harmonization vs. fragmentation: overview of climate policy scenarios in EMF27," Climatic Change, Springer, vol. 123(3), pages 383-396, April.

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