The Timing of National Greenhouse Gas Emission Reductions in the Presence of Other Environmental Policies
Wageningen UR - Environmental Economics and Natural Resources Group; Organization for Economic Co-Operation and Development (OECD)
Marjan W. Hofkes
VU University Amsterdam - Institute for Environmental Studies (IVM)
FEEM Working Paper No. 17.2006
This paper shows in an empirical context that substantial cost reductions can be achieved in the implementation of Dutch national climate policy by (i) targeting the policy at the stock of greenhouse gases, thus allowing polluters flexibility in their timing of emission reductions; and (ii) integrating climate policy with other policies, thereby optimising the restructuring of the economy needed to achieve environmental policy targets. A dynamic applied general equilibrium model with bottom-up information on abatement techniques is used to show that the optimal timing of GHG emission reductions tends to follow the timing for the other environmental themes with an additional emphasis on emission reductions in the later periods. The optimal mix of technical measures and economic restructuring as source of emission reductions is affected by the strictness of environmental policy targets for all themes and hence can only be derived from an integrated analysis of these policies.
Number of Pages in PDF File: 27
Keywords: Economic growth, Applied general equilibrium model, Climate change, Environmental policy
JEL Classification: D58, H23, O41, Q28working papers series
Date posted: February 3, 2006
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo4 in 0.406 seconds