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1.
Can near-term public support of renewable energy technologies contain the increase of mitigation costs due to delays of implementing emission caps at the global level? To answer this question we design a set of first and second best scenarios to analyze the impact of early deployment of renewable energy technologies on welfare and emission timing to achieve atmospheric carbon stabilization by 2100. We use the global multiregional energy?Ceconomy?Cclimate hybrid model REMIND-R as a tool for this analysis. An important design feature of the policy scenarios is the timing of climate policy. Immediate climate policy contains the mitigation costs at less than 1% even if the CO2 concentration target is 410?ppm by 2100. Delayed climate policy increases the costs significantly because the absence of a strong carbon price signal continues the carbon intensive growth path. The additional costs can be decreased by early technology policies supporting renewable energy technologies because emissions grow less, alternative energy technologies are increased in capacity and their costs are reduced through learning by doing. The effects of early technology policy are different in scenarios with immediate carbon pricing. In the case of delayed climate policy, the emission path can be brought closer to the first-best solution, whereas in the case of immediate climate policy additional technology policy would lead to deviations from the optimal emission path. Hence, technology policy in the delayed climate policy case reduces costs, but in the case of immediate climate policy they increase. However, the near-term emission reductions are smaller in the case of delayed climate policies. At the regional level the effects on mitigation costs are heterogeneously distributed. For the USA and Europe early technology policy has a positive welfare effect for immediate and delayed climate policies. In contrast, India looses in both cases. China loses in the case of immediate climate policy, but profits in the delayed case. Early support of renewable energy technologies devalues the stock of emission allowances, and this effect is considerable for delayed climate policies. In combination with the initial allocation rule of contraction and convergence a relatively well-endowed country like India loses and potential importers like the EU gain from early renewable deployment.  相似文献   

2.
Based on a large number of energy-economic and integrated assessment models, the Energy Modeling Forum (EMF) 27 study systematically explores the implications of technology cost and availability for feasibility and macroeconomic costs of energy system transformations toward climate stabilization. At the highest level, the technology strategy articulated in all the scenarios in EMF27 includes three elements: decarbonization of energy supply, increasing the use of low-carbon energy carriers in end-use, and reduction of energy use. The way that the scenarios differ is in the degree to which these different elements of strategy are implemented, the timing of those implementations, and the associated macroeconomic costs. The study also discusses the value of individual technologies for achieving climate stabilization. A robust finding is that the unavailability of carbon capture and storage and limited availability of bioenergy have the largest impact on feasibility and macroeconomic costs for stabilizing atmospheric concentrations at low levels, mostly because of their combined ability to remove carbon from the atmosphere. Constraining options in the electric sector such as nuclear power, wind and solar energy in contrast has a much smaller impact on the cost of mitigation.  相似文献   

3.
Bottom-up and top-down models are used to support climate policies, to identify the options required to meet GHG abatement targets and to evaluate their economic impact. Some studies have shown that the GHG mitigation options provided by economic top-down and technological bottom-up models tend to vary. One reason for this is that these models tend to use different baseline scenarios. The bottom-up TIMES_PT and the top-down computable general equilibrium GEM-E3_PT models are examined using a common baseline scenario to calibrate them, and the extend of their different mitigation options and its relevant to domestic policy making are assessed. Three low-carbon scenarios for Portugal until 2050 are generated, each with different GHG reduction targets. Both models suggest close mitigation options and locate the largest mitigation potential to energy supply. However, the models suggest different mitigation options for the end-use sectors: GEM-E3_PT focuses more on energy efficiency, while TIMES_PT relies on decrease carbon intensity due to a shift to electricity. Although a common baseline scenario cannot be ignored, the models’ inherent characteristics are the main factor for the different outcomes, thereby highlighting different mitigation options.

Policy relevance

The relevance of modelling tools used to support the design of domestic climate policies is assessed by evaluating the mitigation options suggested by a bottom-up and a top-down model. The different outcomes of each model are significant for climate policy design since each suggest different mitigation options like end-use energy efficiency and the promotion of low-carbon technologies. Policy makers should carefully select the modelling tool used to support their policies. The specific modelling structures of each model make them more appropriate to address certain policy questions than others. Using both modelling approaches for policy support can therefore bring added value and result in more robust climate policy design. Although the results are specific for Portugal, the insights provided by the analysis of both models can be extended to, and used in the climate policy decisions of, other countries.  相似文献   

4.
This paper uses the MERGE integrated assessment model to identify the least-cost mitigation strategy for achieving a range of climate policies. Mitigation is measured in terms of GDP foregone. This is not a benefit-cost analysis. No attempt is made to calculate the reduction in damages brought about by a particular policy. Assumptions are varied regarding the availability of energy-producing and energy-using technologies. We find pathways with substantial reductions in temperature change, with the cost of reductions varying significantly, depending on policy and technology assumptions. The set of scenarios elucidates the potential energy system transformation demands that could be placed on society. We find that policy that allows for “overshoot” of a radiative forcing target during the century results in lower costs, but also a higher temperature at the end of the century. We explore the implications of the costs and availability of key mitigation technologies, including carbon capture and storage (CCS), bioenergy, and their combination, known as BECS, as well as nuclear and energy efficiency. The role of “negative emissions” via BECS in particular is examined. Finally, we demonstrate the implications of nationally adopted emissions timetables based on articulated goals as a counterpoint to a global stabilization approach.  相似文献   

5.
Soil carbon sequestration has been regarded as a cheap and cost-effective way to sequester carbon until other technologies to tackle climate change become available or more cost-effective. An assessment of the social desirability of a soil carbon sequestration policy requires the consideration of all associated social costs and benefits. Measures to re-accumulate carbon in soils have ancillary or co-effects on the environment that can be beneficial or detrimental to social welfare and few of which are traded in markets. This paper discusses issues related to the development of soil carbon sequestration policies into agri-environmental schemes and reports findings from an application of a choice experiment to elicit preferences and estimate benefits of a soil carbon programme in Scotland under consideration of co-effects on biodiversity and rural viability. Preferences for soil carbon based mitigation are found to be heterogeneous and related to beliefs about climate change and attitudes towards its mitigation. Benefit estimates suggest that including co-effects can significantly change the outcome of cost?Cbenefit tests. Implications for the development of climate change policies are discussed.  相似文献   

6.
The ability to directly remove carbon dioxide from the atmosphere allows the decoupling of emissions and emissions control in space and time. We ask the question whether this unique feature of carbon dioxide removal technologies fundamentally alters the dynamics of climate mitigation pathways. The analysis is performed in the coupled energy-economy-climate model ReMIND using the bioenergy with CCS route as an application of CDR technology. BECCS is arguably the least cost CDR option if biomass availability is not a strongly limiting factor. We compare mitigation pathways with and without BECCS to explore the impact of CDR technologies on the mitigation portfolio. Effects are most pronounced for stringent climate policies where BECCS is a key technology for the effectiveness of carbon pricing policies. The decoupling of emissions and emissions control allows prolonging the use of fossil fuels in sectors that are difficult to decarbonize, particularly in the transport sector. It also balances the distribution of mitigation costs across future generations. CDR is not a silver bullet technology. The largest part of emissions reductions continues to be provided by direct mitigation measures at the emissions source. The value of CDR lies in its flexibility to alleviate the most costly constraints on mitigating emissions.  相似文献   

7.
This paper analyzes the regional distribution of climate change mitigation costs in a global cap-and-trade regime. Four stylized burden-sharing rules are considered, ranging from GDP-based permit allocations to schemes that foresee a long-term convergence of per-capita emission permits. The comparison of results from three structurally different hybrid, integrated energy-economy models allows us to derive robust insights as well as identify sources of uncertainty with respect to the regional distribution of the costs of climate change mitigation. We find that regional costs of climate change mitigation may deviate substantially from the global mean. For all models, the mitigation cost average of the four scenarios is higher for China than for the other macro-regions considered. Furthermore, China suffers above-world-average mitigation costs for most burden-sharing rules in the long-term. A decomposition of mitigation costs into (a) primary (domestic) abatement costs and (b) permit trade effects, reveals that the large uncertainty about the future development of carbon prices results in substantial uncertainties about the financial transfers associated with carbon trade for a given allocation scheme. This variation also implies large uncertainty about the regional distribution of climate policy costs.  相似文献   

8.
Technological capability and technology transfer both play important roles in achieving low-carbon development targets and the concepts of both have appeared in national development and climate policy debates. Yet, they differ. Improving capabilities and transfer mechanisms are two differing approaches to technological development. Technology transfer is associated with a key political dynamic within international climate policy, in that developing countries request support from industrialised countries. Whereas technological capability focuses on building internal capabilities and is often framed in the context of national industrial policy plans rather than relying on external support. We argue that technology development, a combination of these approaches, can contribute to South Africa's low-carbon development through innovation and technology-based mitigation actions that increase domestic technological capabilities. Technological capability needs to become a determinant of mitigation action to effectively contribute to achieving South Africa's low-carbon development goals. International technology transfer and cooperation should contribute to boosting domestic capabilities to advance technological development. Technology transfer based on pure sales will not contribute to achieving long-term low-carbon development goals.  相似文献   

9.
The social cost of carbon – i.e., the marginal present-value cost imposed by greenhouse gas emissions – is determined by a complex interaction between factual assumptions, modeling methods, and value judgments. Among the most crucial factors is society's willingness to tolerate potentially catastrophic environmental risks. To explore this issue, the present analysis employs a stochastic climate–economy model that accounts for uncertainties in baseline economic growth, baseline emissions, greenhouse gas mitigation costs, carbon cycling, climate sensitivity, and climate change damages. In this model, preferences are specified to reflect the high degree of risk aversion revealed by private investment decisions, signaled by the large observed gap between the average rates of return paid by safe and risky financial instruments. In contrast, most climate–economy models assume much lower risk aversion. Given high risk aversion, the analysis finds that investment in climate stabilization yields especially large net benefits by forestalling low-probability threats to long-run human well-being. Accordingly, the social cost of carbon attains the markedly high value of $25,700 per metric ton of carbon dioxide in a baseline scenario in which emissions are unregulated. This value falls to just $4 per ton as the stringency of control measures is successively increased. These results cast doubt on the idea that the social cost of carbon takes on a uniquely defined, objective value that is independent of policy decisions. This does not, however, rule out the use of carbon prices to achieve the benefits of climate stabilization using least-cost mitigation measures.  相似文献   

10.
Although emerging technologies like carbon capture and storage and advanced nuclear are expected to play leading roles in greenhouse gas mitigation efforts, many engineering and policy-related uncertainties will influence their deployment. Capital-intensive infrastructure decisions depend on understanding the likelihoods and impacts of uncertainties such as the timing and stringency of climate policy as well as the technological availability of carbon capture systems. This paper demonstrates the utility of stochastic programming approaches to uncertainty analysis within a practical policy setting, using uncertainties in the US electric sector as motivating examples. We describe the potential utility of this framework for energy-environmental decision making and use a modeling example to reinforce these points and to stress the need for new tools to better exploit the full range of benefits the stochastic programming approach can provide. Model results illustrate how this framework can give important insights about hedging strategies to reduce risks associated with high compliance costs for tight CO2 caps and low CCS availability. Metrics for evaluating uncertainties like the expected value of perfect information and the value of the stochastic solution quantify the importance of including uncertainties in capacity planning, of making precautionary low-carbon investments, and of conducting research and gathering information to reduce risk.  相似文献   

11.
Addressing climate change requires the synergy of technological, behavioural and market mechanisms. This article proposes a policy framework that integrates the three, deploying personal carbon trading as a key element within a policy portfolio to reduce personal carbon footprints. It draws on policy and human motivation literatures that address the behavioural changes that may be needed in the context of a long-term threat such as climate change. This proposal builds on an analysis of the British Columbia carbon tax, international examples of carbon pricing instruments and strategies for behavioural change such as social networks, loyalty management, mobile apps and gamification. Interviews were conducted with experts in financial services, energy conservation and clean technology, as well as with specialists in climate, health and taxation policy. Their input, together with a review of the theoretical literature and practical case studies, informed the proposed design of a Carbon, Health and Saving System for promoting individual engagement and collective action by linking long-term climate mitigation measures with short-term personal and social goals, including health, recreation and social reinforcement.

Policy Relevance

This article identifies areas for climate policy innovation and recommends policies that can support, promote and enable personal carbon budgeting and collective action. Although this study is focused on British Columbia, both the input provided by key opinion leaders and the proposed framework are applicable to other jurisdictions.

This policy proposal shows how personal carbon trading could work in the context of a Canadian province with an existing climate mitigation policy. It also specifies a minimum viable product approach to establishing the economic, social and technological foundations for personal carbon trading.

The Carbon, Health and Saving System identifies the technologies and stakeholders needed to implement personal carbon trading, and offers the possibility of motivating a widespread conscious human response in the event that carbon taxation proves insufficient to generate economic adaptation in a changing climate.  相似文献   

12.
This paper synthesizes the results from the model intercomparison exercise among regionalized global energy-economy models conducted in the context of the RECIPE project. The economic adjustment effects of long-term climate policy are investigated based on the cross-comparison of the intertemporal optimization models ReMIND-R and WITCH as well as the recursive dynamic computable general equilibrium model IMACLIM-R. A number of robust findings emerge. If the international community takes immediate action to mitigate climate change, the costs of stabilizing atmospheric CO2 concentrations at 450?ppm (roughly 530?C550?ppm-e) discounted at 3% are estimated to be 1.4% or lower of global consumption over the twenty-first century. Second best settings with either a delay in climate policy or restrictions to the deployment of low-carbon technologies can result in substantial increases of mitigation costs. A delay of global climate policy until 2030 would render the 450?ppm target unachievable. Renewables and CCS are found to be the most critical mitigation technologies, and all models project a rapid switch of investments away from freely emitting energy conversion technologies towards renewables, CCS and nuclear. Concerning end use sectors, the models consistently show an almost full scale decarbonization of the electricity sector by the middle of the twenty-first century, while the decarbonization of non-electric energy demand, in particular in the transport sector remains incomplete in all mitigation scenarios. The results suggest that assumptions about low-carbon alternatives for non-electric energy demand are of key importance for the costs and achievability of very low stabilization scenarios.  相似文献   

13.
This paper analyzes the role of transport electrification in the broader context of energy system transformation and climate stabilization. As part of the EMF27 model inter-comparison exercise, we employ the MESSAGE integrated assessment modeling framework to conduct a systematic variation of availability, cost, and performance of particular energy supply technologies, thereby deriving implications for feasibility of climate stabilization goals and the associated costs of mitigation. In addition, we explore a wide range of assumptions regarding the potential degree of electrification of the transportation sector. These analyses allow us to (i) test the extent to which the feasible attainment of stringent climate policy targets depends on transport electrification, and (ii) assess the far-reaching impacts that transport electrification could have throughout the rest of the energy system. A detailed analysis of the transition to electricity within the transport sector is not conducted. Our results indicate that while a low-carbon transport system built upon conventional liquid-based fuel delivery infrastructures is destined to become increasingly reliant on biofuels and synthetic liquids, electrification opens up a door through which nuclear energy and non-biomass renewables can flow. The latter has important implications for mitigation costs.  相似文献   

14.
This paper uses the EMF27 scenarios to explore the role of renewable energy (RE) in climate change mitigation. Currently RE supplies almost 20 % of global electricity demand. Almost all EMF27 mitigation scenarios show a strong increase in renewable power production, with a substantial ramp-up of wind and solar power deployment. In many scenarios, renewables are the most important long-term mitigation option for power supply. Wind energy is competitive even without climate policy, whereas the prospects of solar photovoltaics (PV) are highly contingent on the ambitiousness of climate policy. Bioenergy is an important and versatile energy carrier; however—with the exception of low temperature heat—there is less scope for renewables other than biomass for non-electric energy supply. Despite the important role of wind and solar power in climate change mitigation scenarios with full technology availability, limiting their deployment has a relatively small effect on mitigation costs, if nuclear and carbon capture and storage (CCS)—which can serve as substitutes in low-carbon power supply—are available. Limited bioenergy availability in combination with limited wind and solar power by contrast, results in a more substantial increase in mitigation costs. While a number of robust insights emerge, the results on renewable energy deployment levels vary considerably across the models. An in-depth analysis of a subset of EMF27 reveals substantial differences in modeling approaches and parameter assumptions. To a certain degree, differences in model results can be attributed to different assumptions about technology costs, resource potentials and systems integration.  相似文献   

15.
This study investigates the use of bioenergy for achieving stringent climate stabilization targets and it analyzes the economic drivers behind the choice of bioenergy technologies. We apply the integrated assessment framework REMIND-MAgPIE to show that bioenergy, particularly if combined with carbon capture and storage (CCS) is a crucial mitigation option with high deployment levels and high technology value. If CCS is available, bioenergy is exclusively used with CCS. We find that the ability of bioenergy to provide negative emissions gives rise to a strong nexus between biomass prices and carbon prices. Ambitious climate policy could result in bioenergy prices of 70 $/GJ (or even 430 $/GJ if bioenergy potential is limited to 100 EJ/year), which indicates a strong demand for bioenergy. For low stabilization scenarios with BECCS availability, we find that the carbon value of biomass tends to exceed its pure energy value. Therefore, the driving factor behind investments into bioenergy conversion capacities for electricity and hydrogen production are the revenues generated from negative emissions, rather than from energy production. However, in REMIND modern bioenergy is predominantly used to produce low-carbon fuels, since the transport sector has significantly fewer low-carbon alternatives to biofuels than the power sector. Since negative emissions increase the amount of permissible emissions from fossil fuels, given a climate target, bioenergy acts as a complement to fossils rather than a substitute. This makes the short-term and long-term deployment of fossil fuels dependent on the long-term availability of BECCS.  相似文献   

16.
Global GHG emissions continue to rise, with nearly a quarter of it due to trade that is not currently captured within global climate policy. In the context of current trade patterns and limited global cooperation on climate change, the feasibility of consumption-based emissions accounting to contribute to a more comprehensive (national) policy framework in the UK is investigated. Consumption-based emissions results for the UK from a range of models are presented, their technical robustness is assessed, and their potential application in national climate policy is examined using examples of policies designed to reduce carbon leakage and to address high levels of consumption. It is shown that there is a need to include consumption-based emissions as a complementary indicator to the current approach of measuring territorial emissions. Methods are shown to be robust enough to measure progress on climate change and develop and inform mitigation policy. Finally, some suggestions are made for future policy-oriented research in the area of consumption-based accounting that will facilitate its application to policy.

Policy relevance

Emissions embodied in trade are rapidly increasing and there is thus a growing gap between production emissions and the emissions associated with consumption. This is a growing concern due to the absence of a global cap and significant variation in country-level mitigation ambitions. Robust measurements of consumption-based emissions are possible and provide new insights into policy options. This includes trade-related policy (e.g. border carbon adjustments) and domestic policies (e.g. resource efficiency strategies). As climate policy targets deepen, there is a need for a broad range of policy options in addition to production and technological solutions. Consumption-based emissions are complementary to production-based emissions inventories, which are still the most accurate estimate for aggregated emissions at the global level. However, without consumption-based approaches, territorial emissions alone will not provide a complete picture of progress in regional and national emissions reduction.  相似文献   

17.
Safety valves, discretionary advisory boards, and other cost containment mechanisms enhance the political feasibility of stringent climate policy by limiting firms’ and households’ exposures to higher than anticipated costs associated with reducing greenhouse-gas emissions. However, cost containment comes at a price; it increases the risk of climate-related damages and simultaneously discourages investments to develop low-carbon technologies. A stylized model of the cost of climate policy is used to estimate that proposed cost containment mechanisms will increase emissions by 11–70% by 2030. Because these clauses limit the payoffs to innovation, they reduce our societal capacity to affordably mitigate climate change through technology improvement. If cost containment measures are to be employed at levels discussed in recent policy debates, then complementary policies to fund technology development will be needed; crucially, the two also need to be linked. One way to resolve the impasse between increased climatic damages and reduced incentives for innovation is to create a technology development fund with contributions indexed to the amount by which the market price for carbon exceeds the price cap.  相似文献   

18.
This paper provides a novel assessment of the role of direct air capture of CO2 from ambient air (DAC) on the feasibility of achieving stringent climate stabilization. We use the WITCH energy-economy-climate model to investigate the long term prospects of DAC, implementing a technological specification based on recent estimates by the American Physical Society (APS 2011). Assuming global cooperation on a stringent climate policy we find that: (1) DAC is deployed only late in century, after other low carbon options, though at a very significant scale; (2) DAC has an impact on the marginal and total abatement costs (reducing them) and on the timing of mitigation (postponing it); (3) DAC also allows for a prolonged use of oil, with a positive welfare impact for energy exporting countries. Finally, we assess the role of DAC in a less than ideal climate policy by exploring its potential for engaging energy exporting countries in climate mitigation activities by means of a “clean oil” market in which oil exporters can sell oil decarbonized via DAC.  相似文献   

19.
This paper examines the dynamics of innovation in low-carbon energy technologies distinguishing between research and development and technology diffusion as a response to alternative climate policies. We assess the implications of second-best policies that depart from the assumption of immediate and global participation and of full technology availability. The analysis highlights the heterogeneous effects of climate policy on different energy R&D programs and discusses the contribution of important determinants such as carbon price and policy stringency, policy credibility, policy and technological spillovers and absorptive capacity.  相似文献   

20.
The emissions reduction pledges made by individual countries through the 2015 Paris Agreement represent the current global commitment to mitigate greenhouse gas emissions in the face of the enduring climate crisis. Natural lands carbon sequestration and storage are critical for successful pathways to global decarbonization (i.e., as a negative emissions technology). Coastal vegetated habitats maintain carbon sequestration rates exceeding forest sequestration rates on a per unit area basis by nearly two orders of magnitude. These blue carbon habitats and their associated carbon sequestration benefits are vulnerable to losses from land-use change and sea-level rise. Incorporation of blue carbon habitats in climate change policy is one strategy for both maintaining these habitats and conserving significant carbon sequestration capabilities. Previous policy assessments have found the potential for incorporation of coastal carbon sequestration in national-level policies, yet there has – to date – been little inclusion of blue carbon in the national-scale implementation of Paris commitments. Recently, sub-national jurisdictions have gained attention as models for pathways to decarbonization. However, few previous studies have examined sub-national level policy opportunities for operationalizing blue carbon into climate decision-making. California is uniquely poised to integrate benefits from blue carbon into its coastal planning and management and its suite of climate mitigation policies. Here, we evaluated legal authorities and policy contexts addressing sequestration specifically from blue carbon habitats. We synthesized the progressive action in California’s approaches to mitigate carbon emissions including statutory, regulatory, and non-regulatory opportunities to incorporate blue carbon ecosystem service information into state- and local-level management decisions. To illustrate how actionable blue carbon information can be produced for use in decision-making, we conducted a spatial analysis of blue carbon sequestration in several locations in California across multiple agencies and management contexts. We found that the average market values of carbon sequestration services in 2100 ranged from $7,730 to $44,000 per hectare and that the social cost of carbon sequestration value was 1.3 to 2.7 times the market value. We also demonstrated that restoration of small areas with high sequestration rates can be comparable to the sequestration of existing marshes. Our results illustrate how accessible information about carbon sequestration in coastal habitats can be directly incorporated into existing policy frameworks at the sub-national scale. The incorporation of blue carbon sequestration benefits into sub-national climate policies can serve as a model for the development of future policy approaches for negative emissions technologies, with consequences for the success of the Paris Agreement and science-based decarbonization by mid-century.  相似文献   

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