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The EU decarbonisation roadmap 2050: what way to walk?

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We carry out a detailed computable general equilibrium (CGE) analysis of the EU Decarbonisation Roadmap 2050 on a macroeconomic and on a sectoral level. Herein, we study a Reference scenario that implements existing EU policies as well as 3 unilateral and 3 global climate action scenarios. We identi...

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Bibliographic Details
Main Authors: Hübler, Michael (Author) , Löschel, Andreas (Author)
Format: Article (Journal)
Language:English
Published: 9 January 2013
In: Energy policy
Year: 2013, Volume: 55, Pages: 190-207
ISSN:1873-6777
DOI:10.1016/j.enpol.2012.11.054
Online Access:Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.enpol.2012.11.054
Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0301421512010373
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Author Notes:Michael Hübler, Andreas Löschel
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Summary:We carry out a detailed computable general equilibrium (CGE) analysis of the EU Decarbonisation Roadmap 2050 on a macroeconomic and on a sectoral level. Herein, we study a Reference scenario that implements existing EU policies as well as 3 unilateral and 3 global climate action scenarios. We identify global climate action with international emissions trading and the full equalisation of CO2 prices across all (EU) sectors as an economically reasonable policy option to avoid additional costs of the Decarbonisation Roadmap to a large extent. This policy option may include CDM (Clean Development Mechanism in the sense of ‘where’-flexibility) in an extended form if there are countries without emissions caps. Moreover, we identify diverse sectoral effects in terms of output, investment, emissions and international competitiveness. We conclude that the successful realisation of the EU Decarbonisation Roadmap probably requires a wise and joint consideration of technology, policy design and sectoral aspects.
Item Description:Gesehen am 09.11.2021
Physical Description:Online Resource
ISSN:1873-6777
DOI:10.1016/j.enpol.2012.11.054

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