EconPapers    
Economics at your fingertips  
 

Carbon Abatement Costs: Why the Wide Range of Estimates?

Carolyn Fischer and Richard Morgenstern ()

The Energy Journal, 2006, vol. Volume 27, issue Number 2, 73-86

Abstract: Estimates of marginal abatement costs for reducing carbon emissions derived from major economic-energy models vary widely. Controlling for policy regimes we use meta-analysis to examine the importance of structural modeling choices in explaining differences in estimates. The analysis indicates that particular assumptions about perfectly foresighted consumers and Armington trade elasticities generate lower estimates of marginal abatement costs. Other choices are associated with higher cost estimates, including perfectly mobile capital, inclusion of a backstop technology, and greater disaggregation among regions and sectors. Some features, such as greater technological detail, seem less significant. Understanding the importance of key modeling assumptions, as well as the way the models are used to estimate abatement costs, can help guide the development of consistent modeling practices for policy evaluation.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (32) Track citations by RSS feed

Downloads: (external link)
http://www.iaee.org/en/publications/ejarticle.aspx?id=2126 (text/html)
Access to full text is restricted to IAEE members and subscribers.

Related works:
Working Paper: Carbon Abatement Costs: Why the Wide Range of Estimates? (2003) Downloads
Working Paper: Carbon Abatement Costs: Why the Wide Range of Estimates? (2003) Downloads
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:aen:journl:2006v27-02-a05

Ordering information: This journal article can be ordered from
http://www.iaee.org/en/publications/ejsearch.aspx

Access Statistics for this article

More articles in The Energy Journal from International Association for Energy Economics Contact information at EDIRC.
Bibliographic data for series maintained by David Williams ().

 
Page updated 2020-09-06
Handle: RePEc:aen:journl:2006v27-02-a05