Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43552
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBastianin, Andreaen_US
dc.contributor.authorFavero, Aliceen_US
dc.contributor.authorMassetti, Emanueleen_US
dc.date.accessioned2010-11-22en_US
dc.date.accessioned2010-12-22T10:43:58Z-
dc.date.available2010-12-22T10:43:58Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/43552-
dc.description.abstractIn this paper we use the hybrid integrated model WITCH to quantify and analyze the investments and financial flows stimulated by a climate policy to stabilize Greenhouse Gases concentrations at 550ppm CO2-eq at the end of the century. We focus on investments to decarbonize the power sector and on investments in knowledge creation. We examine the financial flows associated with the carbon market and the implications for the international trade of oil. Criticalities in investment requirements will emerge when coal power plants with carbon capture and sequestration and nuclear power plants are deployed around 2020-2040, both in high and low income regions. Investments in energy related R&D increase sharply and might cause stress in the short term. However, the transition to a low-carbon world, although costly, appears to be manageable from a financial point of view. In particular, R&D financial needs can easily be accommodated using revenues from the carbon market, which is expected to eventually become more important than the oil market in terms of traded value.en_US
dc.language.isoengen_US
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen_US
dc.relation.ispartofseries|aNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development |x2010,13en_US
dc.subject.jelQ01en_US
dc.subject.jelQ43en_US
dc.subject.jelQ54en_US
dc.subject.jelO32en_US
dc.subject.jelO11en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate Changeen_US
dc.subject.keywordMitigationen_US
dc.subject.keywordCarbon Financeen_US
dc.subject.keywordEmission Tradingen_US
dc.subject.keywordEnergy Investmentsen_US
dc.titleInvestments and financial flows induced by climate mitigation policiesen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn640264727en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

Files in This Item:
File
Size
286.18 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.