The Timing of National Greenhouse Gas Emission Reductions in the Presence of Other Environmental Policies

27 Pages Posted: 3 Feb 2006

See all articles by Rob Dellink

Rob Dellink

Wageningen UR - Environmental Economics and Natural Resources Group; Organization for Economic Co-Operation and Development (OECD)

Marjan W. Hofkes

Vrije Universiteit Amsterdam

Date Written: January 2006

Abstract

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.

Keywords: Economic growth, Applied general equilibrium model, Climate change, Environmental policy

JEL Classification: D58, H23, O41, Q28

Suggested Citation

Dellink, Rob and Hofkes, Marjan W., The Timing of National Greenhouse Gas Emission Reductions in the Presence of Other Environmental Policies (January 2006). FEEM Working Paper No. 17.2006, Available at SSRN: https://ssrn.com/abstract=879714 or http://dx.doi.org/10.2139/ssrn.879714

Rob Dellink (Contact Author)

Wageningen UR - Environmental Economics and Natural Resources Group ( email )

P.O. Box 8130
Wageningen, 6700 EW
Netherlands
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HOME PAGE: http://www.sls.wau.nl/enr/staff/dellink/

Organization for Economic Co-Operation and Development (OECD) ( email )

Paris
France

HOME PAGE: http://www.oecd.org/env/cc/econ

Marjan W. Hofkes

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081 HV
Netherlands

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