Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29738 
Year of Publication: 
2009
Series/Report no.: 
DIW Discussion Papers No. 913
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors participating in the EU Emissions Trading Scheme (EU ETS) are on the low side, and therefore, there are still rooms for movement in the future.
Subjects: 
Climate policy
Energy policy
EU 20-20-20 plan
EU Emission Trading System
Computable General Equilibrium
JEL: 
C63
C68
D58
F11
F18
H21
O13
P28
Q54
Q58
R13
Document Type: 
Working Paper

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