Europe's Twenties: A Study Using the WIATEC Model

Claudia Kemfert, Hans Kremers and Truong Truong ()

No 913, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors participating in the EU Emissions Trading Scheme (EU ETS) are on the low side, and therefore, there are still rooms for movement in the future.

Keywords: Climate policy; Energy policy; EU 20-20-20 plan; EU Emission Trading System; Computable General Equilibrium (search for similar items in EconPapers)
JEL-codes: C63 C68 D58 F11 F18 H21 O13 P28 Q54 Q58 R13 (search for similar items in EconPapers)
Pages: 21 p.
Date: 2009
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.diw.de/documents/publikationen/73/diw_02.c.298403.de/dp913.pdf (application/pdf)

Related works:
Working Paper: Europe's Twenties - A Study using the WIATEC Model (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp913

Access Statistics for this paper

More papers in Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().