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Economic Assessment of Post-2012 Global Climate Policies - Analysis of Gas Greenhouse Gas Emission Reduction Scenarios with the POLES and GEM-E3 models

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Abstract

This report documents the JRC/IPTS modelling activities of the 2009 European Commission Communication "Towards a comprehensive climate change agreement in Copenhagen", which establishes the EU's position in the Copenhagen negotiations. According to the POLES model, the estimated global direct abatement costs of an emission reduction scenario compatible with the EU 2 degrees target are 175 billion by 2020. The report also highlights the crucial importance of energy efficiency improvements in achieving the overall emission reduction targets. Finally, the analyses with the POLES and GEM-E3 models underline the fundamental role that a global carbon market can play in implementing climate policies in a cost-efficient way.

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  • Peter Russ & Juan Carlos Ciscar & Bert Saveyn & Antonio Soria & Laszlo Szabo & Tom Van Ierland & Denise Van Regemorter & Rosella Virdis, 2009. "Economic Assessment of Post-2012 Global Climate Policies - Analysis of Gas Greenhouse Gas Emission Reduction Scenarios with the POLES and GEM-E3 models," JRC Research Reports JRC50307, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc50307
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC50307
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    1. deLlano-Paz, Fernando & Martínez Fernandez, Paulino & Soares, Isabel, 2016. "Addressing 2030 EU policy framework for energy and climate: Cost, risk and energy security issues," Energy, Elsevier, vol. 115(P2), pages 1347-1360.
    2. Sgobbi, Alessandra & Simões, Sofia G. & Magagna, Davide & Nijs, Wouter, 2016. "Assessing the impacts of technology improvements on the deployment of marine energy in Europe with an energy system perspective," Renewable Energy, Elsevier, vol. 89(C), pages 515-525.
    3. deLlano-Paz, Fernando & Calvo-Silvosa, Anxo & Iglesias Antelo, Susana & Soares, Isabel, 2015. "The European low-carbon mix for 2030: The role of renewable energy sources in an environmentally and socially efficient approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 49-61.
    4. Dowling, Paul & Russ, Peter, 2012. "The benefit from reduced energy import bills and the importance of energy prices in GHG reduction scenarios," Energy Economics, Elsevier, vol. 34(S3), pages 429-435.
    5. Peter Rafaj & Wolfgang Schöpp & Peter Russ & Chris Heyes & Markus Amann, 2013. "Co-benefits of post-2012 global climate mitigation policies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(6), pages 801-824, August.
    6. Marcel Brinkman & Samuel Fankhauser & Ben Irons & Stephan Weyers, 2009. "The carbon market in 2020: volumes, prices and gains from trade," GRI Working Papers 11, Grantham Research Institute on Climate Change and the Environment.
    7. Fang, Baling & Tan, Yi & Li, Canbing & Cao, Yijia & Liu, Jianguo & Schweizer, Pia-Johanna & Shi, Haiqing & Zhou, Bin & Chen, Hao & Hu, Zhuangli, 2016. "Energy sustainability under the framework of telecoupling," Energy, Elsevier, vol. 106(C), pages 253-259.
    8. Fernando deLlano-Paz & Paulino Martinez Fernandez & Isabel Soares, 2016. "The effects of different CCS technological scenarios on EU low-carbon generation mix," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 18(5), pages 1477-1500, October.
    9. Simoes, Sofia & Zeyringer, Marianne & Mayr, Dieter & Huld, Thomas & Nijs, Wouter & Schmidt, Johannes, 2017. "Impact of different levels of geographical disaggregation of wind and PV electricity generation in large energy system models: A case study for Austria," Renewable Energy, Elsevier, vol. 105(C), pages 183-198.
    10. Saveyn, Bert & Paroussos, Leonidas & Ciscar, Juan-Carlos, 2012. "Economic analysis of a low carbon path to 2050: A case for China, India and Japan," Energy Economics, Elsevier, vol. 34(S3), pages 451-458.
    11. de-Llano Paz, Fernando & Antelo, Susana Iglesias & Calvo Silvosa, Anxo & Soares, Isabel, 2014. "The technological and environmental efficiency of the EU-27 power mix: An evaluation based on MPT," Energy, Elsevier, vol. 69(C), pages 67-81.
    12. Saveyn, Bert & Van Regemorter, Denise & Ciscar, Juan Carlos, 2011. "Economic analysis of the climate pledges of the Copenhagen Accord for the EU and other major countries," Energy Economics, Elsevier, vol. 33(S1), pages 34-40.
    13. Juan-Carlos Ciscar & Antonio Soria & Clare M. Goodess & Ole B. Christensen & Ana Iglesias & Luis Garrote & Marta Moneo & Sonia Quiroga & Luc Feyen & Rutger Dankers & Robert Nicholls & Julie Richards &, 2009. "Climate change impacts in Europe. Final report of the PESETA research project," JRC Research Reports JRC55391, Joint Research Centre.
    14. Simoes, Sofia & Fortes, Patrícia & Seixas, Júlia & Huppes, Gjalt, 2015. "Assessing effects of exogenous assumptions in GHG emissions forecasts – a 2020 scenario study for Portugal using the Times energy technology model," Technological Forecasting and Social Change, Elsevier, vol. 94(C), pages 221-235.
    15. Susanne Olbrisch & Erik Haites & Matthew Savage & Pradeep Dadhich & Manish Kumar Shrivastava, 2011. "Estimates of incremental investment for and cost of mitigation measures in developing countries," Climate Policy, Taylor & Francis Journals, vol. 11(3), pages 970-986, May.

    More about this item

    Keywords

    Climate; GEM-E3; POLES; greenhouse gas emission;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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