Current policies focus on reducing CO2 emissions, neglecting the existence and impact of other air pollutants such as NO2, NH3, NMVOC, PPM10, PPM2.5, and SO2. We devise a strategy to model those emissions and related social cost accounting for diverging social and private discount rates in an...

Energy system and power market models refrain from distinguishing between private and social discount rates. We devise a strategy to account for diverging private and social discount rates in intertemporal optimization frameworks, resulting in an optimal carbon tax above the marginal damage when...

Current decarbonization policies neglect damages from local air pollutants. We analyze the trade-off between complementary taxation of carbon emissions and local air pollution. We quantify results for the European power market until 2050. Taxing only air pollution results in social cost of 5,890...

Buildings' heating represents an important share of the total energy consumption in Italy, and to reach the challenging decarbonization targets set by the EU by 2050, a combination of measures and technologies will be required. This working paper presents an analysis of different scenarios...

A more sustainable heat supply of the built environment is needed to reach the policy goal of a climate-neutral economy in the Netherlands by 2050. This paper presents a method using a spatial energy model to calculate the most cost-effective CO2- reduction potential of a sustainable heat supply...

Addressing the growing concerns of climate change necessitates the decarbonisation of energy sectors globally. The heating sector is the largest energy end-use, accounting for almost half of the total energy consumption in most countries. This paper presents an extensive review of previous works...