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Title:Europe's twenties: a study using the WIATEC model PDF Logo
Authors:Kemfert, Claudia
Kremers, Hans
Truong, Truong Phuoc
Issue Date:2009
Series/Report no.:Discussion papers // German Institute for Economic Research 913
Abstract:In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors participating in the EU Emissions Trading Scheme (EU ETS) are on the low side, and therefore, there are still rooms for movement in the future.
Subjects:Climate policy
Energy policy
EU 20-20-20 plan
EU Emission Trading System
Computable General Equilibrium
JEL:C63
C68
D58
F11
F18
H21
O13
P28
Q54
Q58
R13
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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