Titlebook: CO2 Abatement and Economic Structural Change in the European Internal Market; Frank Hoster,Heinz Welsch,Christoph Böhringer Book 1997 Phys

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Parametric Framework and Policy ScenariosThe models used in this study employ a common disaggregation of regions, economic sectors and electricity generation technologies.

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Preamble

Summary and ConclusionsThe greenhouse problem is one of the most challenging issues confronting energy and environmental policy worldwide. Not surprisingly it also ranks high on the political agenda in the European Union.

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Introductionental policy and a central issue in environmental and energy economics. The emissions arising from the combustion of fossil fuels are major contributors to the currently most heavily debated environmental issues. In particular, more than half of the contribution to the anthropogenic greenhouse effec

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NEWAGEe CO. abatement strategies for the European Union (Böhringer, Ferris, Rutherford 1996). The new features include a hybrid specification of the production side, which provides the option to represent selected sectors by (linear or nonlinear) activity analysis with a choice among discrete technologies

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Effects of Market Opening and National Energy Policieswith respect to nuclear power utilization in Germany will be applied. The first assumes that nuclear capacities in Germany remain at their current level. The second assumes a gradual phase-out until 2005. In both cases it is assumed that no specific measures to reduce CO. emissions will be undertake

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Tradeable CO2 Permitsnsider tradeable CO. permits as the key instrument of abatement policy. The main advantage of permits as compared to taxes is that they can guarantee the achievement of exogenous abatement targets simply by restricting the amount of issued emission rights to the desired overall emission level.

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https://doi.org/10.1057/9781137439598e credibility of policy-induced technological adjustments, because substitution possibilities are based on real processes rather than abstract production functions (‘nebulous’ substitution elasticities).