Efficient and equitable climate change policies

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dc.contributor.authorKypreos, Socrates
dc.contributor.authorGlynn, James
dc.contributor.authorPanos, Evangelos
dc.contributor.authorGiannakidis, George
dc.contributor.authorÓ Gallachóir, Brian P.
dc.contributor.funderInternational Atomic Energy Agency
dc.contributor.funderScience Foundation Ireland
dc.date.accessioned2018-05-31T11:56:27Z
dc.date.available2018-05-31T11:56:27Z
dc.description.abstractThis 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 benefitsen
dc.description.sponsorshipInternational Energy Agency (Energy Technology Systems Analysis Program)en
dc.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.articleid10
dc.identifier.citationKypreos, 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/systems6020010en
dc.identifier.doi10.3390/systems6020010
dc.identifier.endpage17
dc.identifier.issn2079-8954
dc.identifier.issued2018
dc.identifier.journaltitleSystemsen
dc.identifier.startpage1
dc.identifier.urihttps://hdl.handle.net/10468/6218
dc.identifier.volume6
dc.language.isoenen
dc.publisherMDPI AGen
dc.relation.projectinfo:eu-repo/grantAgreement/SFI/SFI Research Centres/12/RC/2302/IE/Marine Renewable Energy Ireland (MaREI) - The SFI Centre for Marine Renewable Energy Research/
dc.relation.urihttp://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.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectCost/benefiten
dc.subjectSecond best analysisen
dc.subjectEnergy and climate changeen
dc.subjectIntegration of lap externalitiesen
dc.subjectClimate damagesen
dc.subjectBurden sharingen
dc.titleEfficient and equitable climate change policiesen
dc.typeArticle (peer-reviewed)en
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