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We assess the effect of ITC in a global growth model, DEMETER-1CCS, with learning by doing where energy savings, an energy transition, and carbon capturing and sequestration (CCS) are the main options for emissions reductions. The model accounts for technology based on learning by doing embodied...
Persistent link: https://www.econbiz.de/10010312616
Estimates of the marginal damage costs of carbon dioxide emissions require the aggregation of monetised impacts of climate change over people with different incomes and in different jurisdictions. Implicitly or explicitly, such estimates assume a social welfare function and hence a particular...
Persistent link: https://www.econbiz.de/10010312619
world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists …, by allowing clean countries to become net importers of emissions, leads to a 10% increase in world emissions with respect … situations where world emissions are either maximal or minimal. It turns out that effective emissions correspond to a 90 …
Persistent link: https://www.econbiz.de/10010312621
This paper considers the technical aspects and the consequences, in terms of simulation results and policy assessment, of introducing imperfect competition in a CGE model. The modifications to the standard CGE framework needed to model imperfect competition in some industries are briefly...
Persistent link: https://www.econbiz.de/10010312626
regional model of the world economy, in which energy technical change is endogenous. The focus is on disembodied energy R … enhance energy technological innovation in different regions of the world? Does the speed of innovation increase? Or do free …
Persistent link: https://www.econbiz.de/10010312636
The threat of global warming calls for a major transformation of the energy system the coming century. Modeling technological change is an important factor in energy systems modeling. Technological change may be treated as induced by climate policy or as exogenous. We investigate the importance...
Persistent link: https://www.econbiz.de/10010312645
world wide influences energy prices and thus national MACCs. We first discuss the mechanisms theoretically and then use the … CGE model DART to quantify the effects. The result is, that changes in energy prices resulting from different world wide …
Persistent link: https://www.econbiz.de/10010312661
Persistent link: https://www.econbiz.de/10010313132
Economic liberalization almost everywhere has constituted a positive supply shock which has been profoundly disinflationary at the global level. Financial liberalization in the industrial countries has also given fuller rein to inherent tendencies towards “procyclicality”, a process of...
Persistent link: https://www.econbiz.de/10010313137
Persistent link: https://www.econbiz.de/10010313140