The EU Decarbonisation Roadmap 2050: what way to walk?


Hübler, Michael ; Löschel, Andreas


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URL: https://ub-madoc.bib.uni-mannheim.de/32521
URN: urn:nbn:de:bsz:180-madoc-325215
Document Type: Working paper
Year of publication: 2012
The title of a journal, publication series: ZEW Discussion Papers
Volume: 12-055
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C68 , F18 , Q43 , Q54,
Keywords (English): EU , Decarbonisation Roadmap , Copenhagen Pledges , post Kyoto , energy-intensive sectors , competitiveness , leakage
Abstract: We carry out a detailed CGE (Computable General Equilibrium) analysis of the EU Decarbonisation Roadmap 2050 on a macroeconomic and on a sectoral level. Herein, we study a Reference scenario that implements existing EU policies as well as 3 unilateral and 3 global climate action scenarios. We identify global climate action with international emissions trading and the full equalization of CO2 prices across all (EU) sectors as a reasonable policy option to avoid additional costs of the Decarbonisation Roadmap to a large extent. This policy option may include CDM (Clean Development Mechanism in the sense of ‘where’-flexibility) in an extended form if there are countries without emissions caps. Moreover, we identify diverse sectoral effects in terms of output, investment, emissions and international competitiveness. We conclude that the successful realization of the EU Decarbonisation Roadmap probably requires a wise and joint consideration of technology, policy design and sectoral aspects.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Hübler, Michael ; Löschel, Andreas (2012) The EU Decarbonisation Roadmap 2050: what way to walk? Open Access ZEW Discussion Papers Mannheim 12-055 [Working paper]
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