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dc.contributor.authorHamdi-Cherif, Meriemen_US
dc.contributor.authorGuivarch, Célineen_US
dc.contributor.authorQuirion, Philippeen_US
dc.date.accessioned2010-11-23en_US
dc.date.accessioned2010-12-22T10:44:27Z-
dc.date.available2010-12-22T10:44:27Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/43581-
dc.description.abstractAlthough a global cap-and-trade system is seen by many researchers as the most cost-efficient solution to reduce greenhouse gas emissions, developing countries governments refuse to enter into such a system in the short term. Hence, many scholars and stakeholders, including the European Commission, have proposed various types of commitments for developing countries that appear less stringent, such as sectoral approaches. In this paper, we assess such a sectoral approach for developing countries. More precisely, we simulate two policy scenarios in which developed countries continue with Kyoto-type absolute commitments, whereas developing countries adopt an emission trading system limited to electricity generation and linked to developed countries' cap-and-trade system. In a first scenario, CO2 allowances are auctioned by the government, which distributes the auctions receipts lump-sum to households. In a second scenario, the auction receipts are used to reduce taxes on, or to give subsidies to, electricity generation. Our quantitative analysis, led with a hybrid general equilibrium model, shows that such options provide almost as much emission reductions as a global cap-and-trade system. Moreover, in the second sectoral scenario, GDP losses in developing countries are much lower than with a global cap-and-trade system and so is the impact on the electricity price.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 2010,37en_US
dc.subject.jelQ38en_US
dc.subject.ddc330en_US
dc.subject.keywordSectoral Approachen_US
dc.subject.keywordSectoral Targeten_US
dc.titleSectoral targets for developing countries: combining 'common but differentiated responsibilities' with 'meaningful participation'en_US
dc.typeWorking Paperen_US
dc.identifier.ppn640342493en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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