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Title:The EU decarbonisation roadmap 2050: What way to walk? PDF Logo
Authors:Hübler, Michael
Löschel, Andreas
Issue Date:2012
Series/Report no.:ZEW Discussion Papers 12-055
Abstract:We carry out a detailed CGE (Computable General Equilibrium) analysis of the EU Decarbonisation Roadmap 2050 on a macroeconomic and on a sectoral level. Herein, we study a Reference scenario that implements existing EU policies as well as 3 unilateral and 3 global climate action scenarios. We identify global climate action with international emissions trading and the ful l equalization of CO2 prices across all (EU) sectors as a reasonable policy option to avoid additional costs of the Decarbonisation Roadmap to a large extent. This policy option may include CDM (Clean Development Mechanism in the sense of 'where'-flexibility) in an extended form if there are countries without emissions caps. Moreover, we identify diverse sectoral effects in terms of output, investment, emissions and international competitiveness. We conclude that the successful realization of the EU Decarbonisation Roadmap probably requires a wise and joint consideration of technology, policy design and sectoral aspects.
Subjects:EU
Decarbonisation Roadmap
Copenhagen Pledges
post Kyoto
energy-intensive sectors
competitiveness
leakage
JEL:C68
F18
Q43
Q54
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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