Modelling and assessing inter-regional trade of CO2 emission reduction units

A cost-efficient way to allocate carbon dioxide (CO2) emission reductions among countries or regions is to harmonise their marginal reduction costs. This could be achieved by a market of emission reduction units (ERUs). To model such a market, we use a multi-regional MARKAL-MACRO model. It gives ins...

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Veröffentlicht in:Environmental modeling & assessment 2001-09, Vol.6 (3), p.173-182
Hauptverfasser: Bahn, O, Barreto, L, Kypreos, S
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Kypreos, S
description A cost-efficient way to allocate carbon dioxide (CO2) emission reductions among countries or regions is to harmonise their marginal reduction costs. This could be achieved by a market of emission reduction units (ERUs). To model such a market, we use a multi-regional MARKAL-MACRO model. It gives insights into the consequences of co-ordinating CO2 abatement on regional energy systems and economies. As a numerical application, we assess the establishment of a market of ERUs among three European countries for curbing their CO2 emissions. [PUBLICATION ABSTRACT]
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subjects Carbon dioxide
Carbon dioxide emissions
Consumption
Cost control
Costs
Economic growth
Emissions
Emissions control
Energy consumption
Energy industry
Environmental policy
Environmental tax
Equilibrium
GDP
Gross Domestic Product
Growth models
Industrial plant emissions
Pollution control
Production functions
Regions
Studies
Systems analysis
title Modelling and assessing inter-regional trade of CO2 emission reduction units
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