Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113928
Authors: 
Labriet, Maryse
Drouet, Laurent
Vielle, Marc
Loulou, Richard
Kanudia, Amit
Haurie, Alain
Year of Publication: 
2015
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 23.2015
Abstract: 
In order to assess climate mitigation agreements, we propose an iterative procedure linking TIAM-WORLD, a global technology-rich optimization model, and GEMINI-E3, a global general equilibrium model. The coupling methodology combines the precise representation of energy and technology choices with a coherent representation of the macro-economic impacts, especially in terms of trade effects of climate policies on energy-intensive products. In climate mitigation scenarios, drastic technology breakthroughs are required as soon as possible, especially in large emitting countries, and in all sectors of the economy. Energy-intensive industries tend to be delocalized in regions where low-carbon production is feasible and cheap, or in regions without emission cap. However, emission leakage remains small, mainly due to global lower oil demand, and energy exporting countries are extremely penalized given lower energy exports. Emission reduction at least in the power sector and in energy-intensive industries of developing countries must be considered to reach the 2°C target.
Subjects: 
Climate Policies
Energy
Techno-economic modelling
Macro-economic Modelling
World
JEL: 
Q5
Q54
Q58
Document Type: 
Working Paper

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