Efficient and equitable climate change policies

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dc.contributor.author Kypreos, Socrates
dc.contributor.author Glynn, James
dc.contributor.author Panos, Evangelos
dc.contributor.author Giannakidis, George
dc.contributor.author Ó Gallachóir, Brian P.
dc.date.accessioned 2018-05-31T11:56:27Z
dc.date.available 2018-05-31T11:56:27Z
dc.identifier.citation Kypreos, S., Glynn, J., Panos, E., Giannakidis, G. and Ó Gallachóir, B. (2018) 'Efficient and equitable climate change policies', Systems, 6(2), 10 (18pp). doi: 10.3390/systems6020010 en
dc.identifier.volume 6
dc.identifier.issued 2018
dc.identifier.startpage 1
dc.identifier.endpage 17
dc.identifier.issn 2079-8954
dc.identifier.uri http://hdl.handle.net/10468/6218
dc.identifier.doi 10.3390/systems6020010
dc.description.abstract This report describes the Integrated Assessment Model TIAM-MACRO, which is a Ramsey-type macroeconomic growth model linked with a technology-rich engineering model of the energy-system and with a stylized sub-model of climate change. TIAM-MACRO contributes to coherent and consistent policy analyses at both the world and regional level and correlates demand for energy services to macro-economic developments across regions and time until the end of the 21st century. With the help of this model, two contrasting scenarios are defined related to the reference development (BASE) case and the 2 °C (2DS) case that follow long-term policies on climatic change mitigation in the spirit of the Paris agreement. Finally, we define ex-post market and non-market damages together with the damages related to Local Atmospheric Pollutants (LAP). The stringency of the 2DS case requires the complete restructuring of the energy and transport systems to be relying on carbon-free technologies and fuels together with technologies of negative emissions, at high costs. The study concludes that carbon policies not only consist of an insurance against the risk of climate change but also improve the ambient air quality, as they have secondary benefits that compensate for part of the cost of carbon control. However, the stringency of the 2DS case is so demanding that the cost of climate policies is above benefits en
dc.description.sponsorship International Energy Agency (Energy Technology Systems Analysis Program) en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher MDPI AG en
dc.relation.uri http://www.mdpi.com/2079-8954/6/2/10
dc.rights © 2018, the Authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/) en
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.subject Cost/benefit en
dc.subject Second best analysis en
dc.subject Energy and climate change en
dc.subject Integration of lap externalities en
dc.subject Climate damages en
dc.subject Burden sharing en
dc.title Efficient and equitable climate change policies en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother James Glynn, MaREI Centre, Environmental Research Institute, University College Cork, Cork, Ireland. +353-21-490-3000 Email:james.glynn@ucc.ie en
dc.internal.availability Full text available en
dc.description.version Published Version en
dc.contributor.funder International Atomic Energy Agency
dc.contributor.funder Science Foundation Ireland
dc.description.status Peer reviewed en
dc.identifier.journaltitle Systems en
dc.internal.IRISemailaddress james.glynn@ucc.ie en
dc.identifier.articleid 10
dc.relation.project info:eu-repo/grantAgreement/SFI/SFI Research Centres/12/RC/2302/IE/Marine Renewable Energy Ireland (MaREI) - The SFI Centre for Marine Renewable Energy Research/


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© 2018, the Authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/) Except where otherwise noted, this item's license is described as © 2018, the Authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/)
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