Towards a low-emissions economy: The role of abatement targets and carbon taxes

Jesús Alonso Botero García, Marcos Gonzalez-Auhing and Álvaro Hurtado Rendón

No 333303, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: In 2015, 192 countries signed the Paris Agreement to reduce greenhouse gasesand maintaining the temperature below 2º Celsius by the year 2030. Hence,governments have implemented or will implement various mechanisms to re-duce GHG emissions. In the present work, we developed a CGE model withmechanisms to reduce Greenhouse Gas (GHG) emissions such as abatementtarget and carbon taxes, and we implemented the model for Colombia. Forboth mechanisms, 22% of emission could be reduced compared to the 2030baseline. However, it represented a 0.8% reduction in the GDP and also un-employment rate would raise aboout 2%

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333303

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