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Title:Modeling Russia for Climate Change Issues PDF Logo
Authors:Bayar, Ali
Dramais, Frédéric
Mohora, Cristina
Opese, Masudi
Smeets, Bram
Issue Date:2010
Series/Report no.:CESifo working paper 2972
Abstract:This paper presents the dynamic multi-sector general equilibrium model for the Russian Federation (RusMod) and carbon emission projections for Russia up to 2020. Projection results emphasise the importance of accomplishing strong energy efficiency gains, and their effect on the economy and on emissions of greenhouse gases. However, they also show that emissions can be expected to grow at a much higher rate if the efficiency improvements targeted by the government are not realised or when they stay behind compared to the 40% goal as it was set by president Medvedev. Model simulations also show that the introduction of a carbon price as a policy instrument can have a strong impact on the emissions, which comes at the expense of a decline in economic growth that is of a much more temporary nature.
JEL:C68
Q54
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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