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Title:Marginal abatement cost curves in general equilibrium: The influence of world energy prices PDF Logo
Authors:Klepper, Gernot
Peterson, Sonja
Issue Date:2006
Citation:[Journal:] Resource and energy economics [ISSN:] 0928-7655 [Volume:] 28 [Year:] 2006 [Issue:] 1 [Pages:] 1-23
Abstract:Marginal abatement cost curves (MACCs) are a favorite instrument to analyze international emissions trading. This paper focusses on the question of how to define MACCs in a general equilibrium context where the global abatement level influences energy prices and in turn national MACCs. We discuss the mechanisms theoretically and then use the CGE model DART for quantitative simulations. The result is, that changes in energy prices resulting from different global abatement levels do indeed affect national MACCs. Also, we compare different possibilities of defining MACCs - of which some are robust against changes in energy prices while others vary considerably.
Subjects:Climate change , marginal abatement cost curves , energy prices , computable general equilibrium model
JEL:F18
D58
C68
Q41
Document Type:Article
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW

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