FEEM working papers "Note di lavoro" series
2013 .110

Non-CO2 Greenhouse Gas Mitigation Modeling with Marginal Abatement Cost Curves: Technical Change, Emission Scenarios and Policy Costs


Authors: Samuel Carrara, Giacomo Marangoni
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Journal
Keywords: Non-CO2 Greenhouse Gases, Marginal Abatement Cost Curve, Technical Change
JEL n.: Q54, Q55
Pages: pages 91-124, DOI: 10.3280/EFE2013-001006
Date: 2013

Abstract

The abatement of non-CO2 greenhouse gases (OGHG) has proved to be of paramount importance for reaching global mitigation targets. The modeling of their abatement is normally carried out referring to marginal abatement cost (MAC) curves, which by now represent a standard approach for such an analysis. As no evolution scenarios are available to describe future mitigation opportunities for OGHGs, exogenous technical progress factors (TP) are normally imposed, producing progressive MAC dilatation over time.  The main aim of this work is to perform a sensitivity analysis evaluating climate and economic effects of imposing various TPs under different policy scenarios: the analysis shows that TP variation has a considerable impact on the climatic and economic results.

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Suggested citation: Samuel Carrara and Giacomo Marangoni, Non-CO2 greenhouse gas mitigation modeling with marginal abatement cost curv es: technical change, emission scenarios and policy costs, Economics and Policy of Energy and the Environment, Vol. 1, 2013, pages 91-124, DOI: 10.3280/EFE2013-001006, http://dx.doi.org/10.3280/EFE2013-001006

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