Sharing the burden of climate change stabilization: An energysector perspective
Author(s) -
Fabian Wagner,
Jayant Sathaye
Publication year - 2006
Publication title -
osti oai (u.s. department of energy office of scientific and technical information)
Language(s) - English
Resource type - Reports
DOI - 10.2172/918109
Subject(s) - incentive , climate change , natural resource economics , sensitivity (control systems) , perspective (graphical) , environmental economics , environmental science , economics , computer science , microeconomics , ecology , electronic engineering , artificial intelligence , engineering , biology
In this paper we discuss long-term least cost CO2stabilization scenarios based on the SRES AIM A1B scenario in the contextof an international burden-sharing regime. Starting from a stabilizationtarget, regional emission caps are formulated dynamically on the basis ofpast emissions. With these regional caps, the cost-optimal supply fuelmix in the energy sector in the four SRES world regions is calculated,and lower bounds on the volume of traded carbon are estimated. Theallocation scheme provides incentives for early mitigation action. Weestimate additional regional costs incurred by the allocation scheme, andassess the sensitivity of results to changes in the concentrationceiling, discount rates, and start date for burden sharing
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