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 |
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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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