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, GHG emission trends in the recent past, and population growth. 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;
2013-03-06
ELSEVIER SCI LTD
JRC76934
0301-4215,
http://www.sciencedirect.com/science/article/pii/S0301421512009251,
https://publications.jrc.ec.europa.eu/repository/handle/JRC76934,
10.1016/j.enpol.2012.10.044,
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