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Marginal Abatement Cost Curves in General Equilibrium: The Influence of World Energy Prices
- Source :
- SSRN Electronic Journal.
- Publication Year :
- 2004
- Publisher :
- Elsevier BV, 2004.
-
Abstract
- Marginal abatement cost curves (MACCs) are one of the favorite instruments to analyze the impacts of the implementation of the Kyoto Protocol and emissions trading. As shown in this paper one important factor that influences MACCs are energy prices. This leads to the question of how to define MACCs in a general equilibrium context where the overall abatement level 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 abatement levels do indeed affect the national MACCs. Also, we compare different possibilities of defining MACCs - of which some turn out to be robust against changes in energy prices while others vary considerably.
- Subjects :
- Marginal cost
Computable general equilibrium
Economics and Econometrics
Q41
General equilibrium theory
Welt
jel:C68
Context (language use)
Erdölpreis
jel:Q41
ddc:330
Klimaschutz
Econometrics
Economics
Climate change
D58
Energy economics
computable general equilibrium model
F18
Climate change, Marginal abatement cost, Energy price, Computable general equilibrium model
Klimaveränderung
Allgemeines Gleichgewicht
World wide
jel:D58
Climate change,marginal abatement cost curves,energy prices,computable general equilibrium model
jel:F18
energy prices
Economy
C68
marginal abatement cost curves
Umweltschutzkosten
Kyoto Protocol
Emissions trading
Marginal abatement cost
Simulation
Energy (signal processing)
Subjects
Details
- ISSN :
- 15565068
- Database :
- OpenAIRE
- Journal :
- SSRN Electronic Journal
- Accession number :
- edsair.doi.dedup.....d86a95cc02585e2a97b04c57b839a344