Implications of different climate protection regimes for the EU-27 and its member states through 2050
Markus Blesl,
Tom Kober,
Ralf Kuder and
David Bruchof
Climate Policy, 2012, vol. 12, issue 3, 301-319
Abstract:
It is a broadly accepted fact that a clear reduction of global GHG emissions is required to limit the increase of global warming to a tolerable level. A key issue in this context is the optimal breakdown of reduction targets among different world regions or even countries. Using the European Commission-funded PLANETS project, cost-optimal global burden sharing to reach global GHG reduction targets was analysed, and an optimal allocation of GHG reductions was identified, relative to the global target, to the commitments of different world regions and the trade possibilities for emission certificates. Specifically, it is evaluated how Europe can contribute in a cost-optimal way to keeping the global concentration of GHGs in the atmosphere below 530 parts per million equivalent (ppme) or below a stricter global reduction target of 500 ppme. Based on the energy system model TIMES PanEU, the potentials for emissions reduction in the different energy sectors and EU Member States and the role of key technologies are analysed. The most cost-effective potentials for GHG reductions in Europe are in the conversion/production, residential and industrial sectors. Substantial reductions in the transport sector occur only under very stringent reduction targets. Achieving ambitious reduction targets requires considerable contributions from all EU Member States until 2050.
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:taf:tcpoxx:v:12:y:2012:i:3:p:301-319
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DOI: 10.1080/14693062.2011.637815
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