Economic analysis of a low carbon path to 2050: A case for China, India and Japan

Saveyn, B; Paroussos, L; Ciscar, J-C

dc.contributor.author	Saveyn, B	en
dc.contributor.author	Paroussos, L	en
dc.contributor.author	Ciscar, J-C	en
dc.date.accessioned	2014-03-01T11:46:49Z
dc.date.available	2014-03-01T11:46:49Z
dc.date.issued	2012	en
dc.identifier.issn	01409883	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/38031
dc.subject	Asia	en
dc.subject	Climate policy	en
dc.subject	Copenhagen Accord	en
dc.subject	Energy efficiency	en
dc.subject	General equilibrium models	en
dc.subject	Zero-carbon technologies	en
dc.title	Economic analysis of a low carbon path to 2050: A case for China, India and Japan	en
heal.type	other	en
heal.identifier.primary	10.1016/j.eneco.2012.04.010	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.eneco.2012.04.010	en
heal.publicationDate	2012	en
heal.abstract	This article studies the economic implications that different global GHG emission mitigation policies may have in the major Asian economies, namely, China, India, and Japan. The analysis covers the period 2010-2050 and is performed by means of a recursive dynamic computable general equilibrium model (GEM-E3). Four scenarios are investigated: the three standard AME scenarios, and a fourth scenario with a GHG emission reduction path compatible with the 2 °C target, reducing global GHG emissions in 2050 by 50%, relative to 2005. The scenarios are compared with the already adopted and announced policies of the respective countries, in the context of the Copenhagen pledges for 2020 and their long-term objectives in 2050. We further discuss the role of energy efficiency measures and zero-carbon power technologies in order to reach the long-term 2 °C target. We find that postponing significant emission reductions may not accrue an economic benefit over time whereas it may increase some risks by possibly overstretching the reliance on zero-carbon technologies. © 2012.	en
heal.journalName	Energy Economics	en
dc.identifier.doi	10.1016/j.eneco.2012.04.010	en