This paper analyzes the direct and indirect benefits of reducing CO2 emission during 2005 to 2100 in the case of Nepal, a low income developing country rich in hydropower resource. It discusses the effects on energy supply mix, local pollutant emissions, energy security and energy system costs...

If emissions are stochastic and firms are unable to control them through abatement, the cap in a permit market may be exceeded, or not be reached. I derive a binary options pricing formula that expresses the permit price as a function of the penalty for noncompliance and the probability of an...

This paper provides a model assessment of the role of developing Asia in the context of climate change policies. We diagnose the potential response of Asian economies to the imposition of various climate policies, showing that if we were to equally price carbon across the world roughly half of...

We estimate the potential synergy between pollution and climate control in the U.S. and China, summarizing the results as emissions cross-elasticities of control. In both countries, ancillary carbon reductions resulting from SO2 and NOx control tend to rise with the increased stringency of...

This paper estimates the Marginal Abatement Cost Curve (MACC) of CO2 emissions in China based on a provincial panel for the period of 2001–2010. The provincial marginal abatement cost (MAC) of CO2 emissions is estimated using a parameterized directional output distance function. Four types of...

Climate change is likely to affect commercial forest and pasture land use and production activities. As such, behavioral responses that adapt to the new and evolving climatic conditions are also likely. Integrated Assessment Models (IAMs) have an important role to play. IAMs are a unique class...

We use the ReMIND-R model to analyze the role of Asia in the context of a global effort to mitigate climate change. We introduce a novel method of secondary energy based mitigation shares, which allows us to quantify the economic mitigation potential of technologies in different regions and...

This study first evaluates the pledges under the Copenhagen Accord using the DNE21+ model. Our estimates for the 2020 pledges fall collectively within the range of 46,700–49,100Mt CO2-eq. Our study also finds the efforts arising from the current 2020 pledges have wide-ranging implications in...

We explore short- and long-term implications of several energy scenarios of China's role in efforts to mitigate global climate risk. The focus is on the impacts on China's energy system and GDP growth, and on global climate indicators such as greenhouse gas concentrations, radiative forcing, and...

We use a Computable General Equilibrium model to empirically examine the Double Dividend (DD) hypothesis. Using the GTAP model data for Australia, we examine three environmental taxes on the production of energy goods. Following Bento and Jacobsen (2007), we examine the role played by specific...