Assessment of balanced burden-sharing in the 2050 EU climate/energy roadmap: a metamodeling approach

Frédéric Babonneau (), Alain Haurie and Marc Vielle

Climatic Change, 2016, vol. 134, issue 4, 505-519

Abstract: In this paper we propose a non-cooperative meta-game approach to designing and assessing climate agreements among 28 European countries that will be compatible with the EU 2050 climate target. Our proposed game model is identified through statistical emulation of a large set of numerical simulations performed with the computable general equilibrium model GEMINI-E3. In this game, the players are the 28 European countries, the payoffs are related to welfare losses due to abatements and the strategies correspond to the supply of emission rights on the European carbon market. We show it is possible to design a fair burden-sharing rule that equalizes welfare losses between countries to approximately 1.2 % of their discounted household consumption. The associated European CO 2 price in 2050 reaches $1100, a figure in line with previous studies. Lastly, the paper discusses various implementation issues of these types of negotiations and evaluates the cost of non-cooperation among EU countries. Copyright Springer Science+Business Media Dordrecht 2016

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10584-015-1540-x (text/html)
Access to full text is restricted to subscribers.

Related works:
Journal Article: Assessment of balanced burden-sharing in the 2050 EU climate/energy roadmap: a metamodeling approach (2016)
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:spr:climat:v:134:y:2016:i:4:p:505-519

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10584

DOI: 10.1007/s10584-015-1540-x

Access Statistics for this article

Climatic Change is currently edited by M. Oppenheimer and G. Yohe

More articles in Climatic Change from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().