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dc.contributor.authorBosetti, Valentinaen_US
dc.contributor.authorGolub, Alexanderen_US
dc.contributor.authorMarkandya, Anilen_US
dc.contributor.authorMassetti, Emanueleen_US
dc.contributor.authorTavoni, Massimoen_US
dc.date.accessioned2008-03-25en_US
dc.date.accessioned2010-09-29T08:56:27Z-
dc.date.available2010-09-29T08:56:27Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/40655-
dc.description.abstractThis paper investigates the relative economic and environmental outcomes of price versus quantity mechanisms to control GHG emissions when abatement costs are uncertain. In particular, we evaluate the impacts on policy costs, CO2 emissions and energy R&D for a stringent mitigation target of 550 ppmv CO2 equivalent (i.e. 450 for CO2 only) concentrations. The analysis is performed in an optimal growth framework via Monte Carlo simulations of the integrated assessment model WITCH (World Induced Technical Change Hybrid). Results indicate that the price instrument stochastically dominates the quantity instrument when a stringent stabilization policy is in place.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: CCMP, Climate change modelling and policy 2008,15en_US
dc.subject.jelH2en_US
dc.subject.jelC6en_US
dc.subject.jelQ5en_US
dc.subject.ddc330en_US
dc.subject.keywordAbatement Costsen_US
dc.subject.keywordClimate Policyen_US
dc.subject.stwKlimaveränderungen_US
dc.subject.stwTreibhausgasen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwUmweltschutzkostenen_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwTheorieen_US
dc.titleAbatement cost uncertainty and policy instrument selection under a stringent climate policy: A dynamic analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn560324669en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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