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As has been amply documented by science and validated by the Intergovernmental Panel on Climate Change, global warming is a reality. In response to global warming, the interna- tional community has devised ambitious policies that are enshrined in the Kyoto Protocol and most recently, in the...
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This paper presents results from a model intercomparison exercise among regionalized global energy-economy models conducted in the context of the RECIPE project. The economic adjustment effects of long-term climate policy aiming at stabilization of atmospheric CO2 concentrations at 450 ppm are...
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Given the agreed urgency of decarbonizing electricity and the need to guide decentralized private decisions, an adequate and credible carbon price appears essential. The paper models and quantifies the useful concept of the break-even carbon price for mature zerocarbon electricity investments....
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