The distribution of the mitigation burden across countries is a key issue regarding the post-2012 global climate policies. This article explores the economic implications of alternative allocation rules, an assessment made in the run-up to the COP15 in Copenhagen (December 2009). We analyse the comparability of the allocations across countries based on four single indicators: GDP per capita, GHG emissions per GDP, population growth, and the GHG emission trend in the recent past. The multi-sectoral computable general equilibrium model of the global economy, GEM-E3, is used for that purpose. Further, the article also compares a perfect carbon market without transaction costs with the case of a gradually developing carbon market, i.e. a carbon market with (gradually diminishing) transaction costs.

CISCAR MARTINEZ Juan Carlos;  SAVEYN Bert;  SORIA RAMIREZ Antonio;  SZABO Laszlo;  VAN REGEMORTER Denise;  VAN IERLAND Tom; 

2012-09-05

Publications Office of the European Union

JRC68856

978-92-79-23104-9,   

1831-9424,   

EUR 25222 EN,    OP LF-NA-25222-EN-N,   

http://ipts.jrc.ec.europa.eu/publications/pub.cfm?id=4941,    https://publications.jrc.ec.europa.eu/repository/handle/JRC68856,   

10.2791/73298,