Identifying strategies for mitigating the global warming impact of the EU-25 economy using a multi-objective input-output approach

Daniel Enrique Cortés Borda, Antonio Ruíz Hernández, Gonzalo Guillén Gosálbez, Maria Llop, Roger Guimerà Manrique and Marta Sales Pardo

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: Global warming mitigation has recently become a priority worldwide. A large body of literature dealing with energy related problems has focused on reducing greenhouse gases emissions at an engineering scale. In contrast, the minimization of climate change at a wider macroeconomic level has so far received much less attention. We investigate here the issue of how to mitigate global warming by performing changes in an economy. To this end, we make use of a systematic tool that combines three methods: linear programming, environmentally extended input output models, and life cycle assessment principles. The problem of identifying key economic sectors that contribute significantly to global warming is posed in mathematical terms as a bi criteria linear program that seeks to optimize simultaneously the total economic output and the total life cycle CO2 emissions. We have applied this approach to the European Union economy, finding that significant reductions in global warming potential can be attained by regulating specific economic sectors. Our tool is intended to aid policymakers in the design of more effective public policies for achieving the environmental and economic targets sought.

Keywords: Escalfament global; Unió Europea; Països de la; Canvis climàtics -- Aspectes econòmics -- Unió Europea; Països de la; 33 - Economia; 504 - Ciències del medi ambient (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-ene, nep-env and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/2072/246959

Related works:
Journal Article: Identifying strategies for mitigating the global warming impact of the EU-25 economy using a multi-objective input–output approach (2015)
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:urv:wpaper:2072/246959

Access Statistics for this paper

More papers in Working Papers from Universitat Rovira i Virgili, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ariadna Casals ().