Non-Co2 Greenhouse Gas Mitigation Modeling with Marginal Abatement Cost Curves: Technical Change, Emission Scenarios and Policy Costs

49 Pages Posted: 19 Jan 2014

See all articles by Samuel Carrara

Samuel Carrara

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Giacomo Marangoni

Fondazione Eni Enrico Mattei

Date Written: 2013

Abstract

The abatement of non-CO2 greenhouse gases (OGHG) has proved to be of paramount importance for reaching global mitigation targets. The modeling of their abatement is normally carried out referring to marginal abatement cost (MAC) curves, which by now represent a standard approach for such an analysis. As no evolution scenarios are available to describe future mitigation opportunities for OGHGs, exogenous technical progress factors (TP) are normally imposed, producing progressive MAC dilatation over time. The main aim of this work is to perform a sensitivity analysis evaluating climate and economic effects of imposing various TPs under different policy scenarios: the analysis shows that TP variation has a considerable impact on the climatic and economic results.

Keywords: Non-CO2 Greenhouse Gases, Marginal Abatement Cost Curve, Technical Change

JEL Classification: Q54, Q55

Suggested Citation

Carrara, Samuel and Marangoni, Giacomo, Non-Co2 Greenhouse Gas Mitigation Modeling with Marginal Abatement Cost Curves: Technical Change, Emission Scenarios and Policy Costs (2013). FEEM Working Paper No. 110.2013. Available at SSRN: https://ssrn.com/abstract=2380655 or http://dx.doi.org/10.2139/ssrn.2380655

Samuel Carrara (Contact Author)

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Giacomo Marangoni

Fondazione Eni Enrico Mattei ( email )

C.so Magenta 63
Milano, 20123
Italy

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