Analysis of Options to Move Beyond 20 Percent Greenhouse Gas Emission Reductions. Background and Evaluation of Impact Documents
Stefan Schleicher,
Claudia Kettner,
Angela Köppl,
Barbara Anzinger,
Bernhard Cemper,
Andreas Türk and
Andreas Karner
Additional contact information
Stefan Schleicher: WIFO
Andreas Türk: WIFO
Andreas Karner: KWI Consultants & Engineers
Authors registered in the RePEc Author Service: Andreas Tuerk ()
in WIFO Studies from WIFO
Abstract:
The issues addressed in the Communication Analysis of options to move beyond 20 percent greenhouse gas emission reductions and assessing the risk of carbon leakage(COM(2010) 265) opens the discussion about a redesign of the energy and climate policy of the EU. Our analysis of the Communication reveals the following key findings: • A more ambitious reduction target for 2020 needs to be embedded in a long-term strategy for GHG reductions until 2050. • The new challenges for international climate policy have shifted from controversies about targets to a competition of technologies. • In this competition for technological innovation the EU is facing a widening technology gap relative to the USA and China. • Any future emissions reduction policies should therefore be closely tied to an ambitious technology initiative. • The estimated costs in the Communication of 0.54 percent of GDP in order to achieve a 30 percent target need a detailed explanation. • According to our analysis, a supporting technology initiative requires investments beyond 2 percent of GDP each year and new finance mechanisms.
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/41607 abstract (text/html)
Related works:
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:wfo:wstudy:41607
Access Statistics for this book
More books in WIFO Studies from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().