The Effects of a Sudden CO2 reduction in Spain

Xavier Labandeira () and Miguel Rodriguez

Others from University Library of Munich, Germany

Abstract: Spanish emissions of carbon dioxide have grown by more than 40% in 2004 with respect to 1990. This is not compatible with the EU allocation of Kyoto-mandated CO2 reduction, even taking into account that Spanish emissions are allowed to rise by 15% in 2010. The reasons for this situation stem from a combination of economic growth and an inefficient energy domain, coupled with a total absence of climate change policies. In this paper, we use a static general equilibrium model to assess the effects of a sudden and intense (ie, with a limited time to carry out significant abatement) CO2 reduction by the Spanish economy. Our results show that the costs of immediate and medium-size reductions are not significant in the short run and could lead to the attaining of the EU agreed emissions level for Spain. However, delaying such action means that the degree of Spanish CO2 emission reduction is much higher and that economic costs are far more important.

Keywords: Climate; energy; market (search for similar items in EconPapers)
JEL-codes: P Q Z (search for similar items in EconPapers)
Pages: 26 pages
Date: 2004-12-02
New Economics Papers: this item is included in nep-ene and nep-env
Note: Type of Document - pdf; pages: 26
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0412/0412001.pdf (application/pdf)

Related works:
Working Paper: The effects of a sudden CO2 reduction in Spain (2004)
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:wpa:wuwpot:0412001

Access Statistics for this paper

More papers in Others from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).