Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/40655 
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dc.contributor.authorBosetti, Valentinaen
dc.contributor.authorGolub, Alexanderen
dc.contributor.authorMarkandya, Anilen
dc.contributor.authorMassetti, Emanueleen
dc.contributor.authorTavoni, Massimoen
dc.date.accessioned2008-03-25-
dc.date.accessioned2010-09-29T08:56:27Z-
dc.date.available2010-09-29T08:56:27Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/40655-
dc.description.abstractThis paper investigates the relative economic and environmental outcomes of price versus quantity mechanisms to control GHG emissions when abatement costs are uncertain. In particular, we evaluate the impacts on policy costs, CO2 emissions and energy R&D for a stringent mitigation target of 550 ppmv CO2 equivalent (i.e. 450 for CO2 only) concentrations. The analysis is performed in an optimal growth framework via Monte Carlo simulations of the integrated assessment model WITCH (World Induced Technical Change Hybrid). Results indicate that the price instrument stochastically dominates the quantity instrument when a stringent stabilization policy is in place.en
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x2008,15en
dc.subject.jelH2en
dc.subject.jelC6en
dc.subject.jelQ5en
dc.subject.ddc330en
dc.subject.keywordAbatement Costsen
dc.subject.keywordClimate Policyen
dc.subject.stwKlimaveränderungen
dc.subject.stwTreibhausgasen
dc.subject.stwKlimaschutzen
dc.subject.stwUmweltschutzkostenen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwTheorieen
dc.titleAbatement cost uncertainty and policy instrument selection under a stringent climate policy: A dynamic analysis-
dc.typeWorking Paperen
dc.identifier.ppn560324669en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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