The Effects of a Sudden CO2 Reduction in Spain

Labandeira, Xavier; Méndez, Miguel Rodríguez

doi:10.2139/ssrn.634003

Cited by 5 publications

(3 citation statements)

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“…This is not compatible with the EU allocation of Kyoto-mandated CO 2 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 [20]. Fossil fuel carbon emissions are anticipated to grow over the course of the twenty-first century as a natural consequence of a growing global energy system.…”

Section: Global Emissions Of Carbon Dioxidementioning

confidence: 99%

Technical and Economic Aspects of Carbon Capture an Storage — A Review

Balat¹,

Öz²

2007

Energy Exploration & Exploitation

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This article deals with review of technical and economic aspects of Carbon Capture and Storage. Since the late 1980s a new concept is being developed which enables to make use of fossil fuels with a considerably reduced emission of carbon dioxide to the atmosphere. The concept is often called ‘Carbon Capture and Storage’ (CCS). CCS technologies are receiving increasing attention, mainly for their potential contribution to the optimal mitigation of carbon dioxide emissions that is intended to avoid future, dangerous climate change. CCS technologies attract a lot of attention because they could allow “to reduce our carbon dioxide emissions to the atmosphere whilst continuing to use fossil fuels”. CCS is not a completely new technology, e.g., the United States alone is sequestering about 8.5 MtC for enhanced oil recovery each year. Today, CCS technologies are widely recognised as an important means of progress in industrialized countries.

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Section: Global Emissions Of Carbon Dioxidementioning

confidence: 99%

Technical and Economic Aspects of Carbon Capture an Storage — A Review

Balat¹,

Öz²

2007

Energy Exploration & Exploitation

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“…Given the diffuse nature of agricultural emissions, how reductions targets are to be achieved is left as an internal matter in each member state (European Parliament, 2009a) and is beyond the focus of this research. Some CGE applications (Labandeira & Rodríguez, 2006;Van Heerden et al, 2006;Labandeira et al, 2009b) report limited impacts on agriculture, but only account for emissions controls on combustion, whilst not accounting for agriculture's diffuse emissions. One exception is a study assessing the Dutch economy by Dellink et al (2004).…”

Section: Introductionmentioning

confidence: 99%

El control de las emisiones de gases de efecto invernadero en España: costes para los sectores agrarios

Bourne¹,

Philippidis²,

Feijoo³

2012

Span. j. agric. res.

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Employing a recursive dynamic computable general equilibrium (CGE) model of the Spanish economy, this study explicitly aims to characterise the potential impact of Kyoto and European Union environmental policy targets on specific agricultural activities up to 2020. The model code is modified to characterise the emissions trading scheme (ETS), emissions quotas and carbon taxes, whilst emissions reductions are applied to all six registered greenhouse gases (GHGs). Compared to a 'business-as-usual' baseline scenario, by 2020, GDP and employment fall 2.1% and 2.4%, respectively, whilst the retail price index rises 3.4%. In agriculture, the indices of output (4.3% fall), and supply price (7.7% rise) perform relatively worse, whilst there is a concomitant cumulative fall in aggregate farm incomes of €1,510 million by 2020. The more notable impact in agriculture is attributed to its relatively higher emissions intensity. Consequently, we record an agricultural marginal abatement cost estimate of €86 ton -1 of CO 2 equivalent by 2020, which is consistent with other estimates in the literature. In addition, we find that the optimal mix of emissions reductions across specific agricultural sectors is a function of the degree of substitutability of their emitting activities. In light of estimated income losses within the strategically important farm sector, a final simulation contemplates an 'agricultural cost-neutral' emissions reduction policy akin to a cross compliance payment between 2013 and 2020. This is found to reduce food price rises, whilst altering the optimum mix of agricultural emissions reductions across specific agricultural activities.Additional key words: agriculture; computable general equilibrium; European Union Climate & Energy Package; Kyoto protocol. Resumen El control de las emisiones de gases de efecto invernadero en España: costes para los sectores agrariosEmpleando un modelo dinámico recursivo de equilibrio general computable (EGC) de la economía española, este estudio analiza el impacto de las políticas medioambientales de Kioto y de la Unión Europea (el acuerdo '20/20/20'), sobre distintas actividades agrarias hasta 2020. En comparación con el escenario de referencia, se pronostican caídas en el PIB y el empleo de un 2,1% y 2,4%, respectivamente, en 2020, mientras que el índice de precios al consumo sube un 3,4%. En agricultura, el índice de producción (que cae un 4,3%) y el de precios (aumenta un 7,7%), empeoran y además los ingresos acumulados de los agricultores bajan 1.510 millones de euros en 2020. El impacto más acusado en el sector agrario se atribuye a la mayor intensidad de sus emisiones donde se estima un coste marginal de reducción de 86 € t -1 de CO 2 equivalente para 2020, lo cual es consistente con las estimaciones existentes en la bibliografía. Además se observa que la combinación óptima de reducción de emisiones en los diferentes sectores agrarios depende del grado de sustitución de las actividades emisoras. A la vista de las pérdidas de ingresos observadas en el sector ag...

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“…Perfect competition is assumed for CGE (Labandeira and Rodriguez 2006) which is not the case in Russia and especially in energy related sectors (this is further discussed in section 2.3.2).…”

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confidence: 99%

Development of tools for economic analysis for public sector programs in Russia: A case study of the energy efficiency program in Moscow

Bratanova¹

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Resource rich and with a growing economy, the Russian Federation is currently targeting improvement of public funds allocation via program based budgets. First attempted by Moscow as a region of Russia in 2012, this ambitious transformation has subsequently been taken up by the national government followed by regional governments. Effectively, over 83% of the national budget or over $360 billion was allocated to 39 state public programs in 2014. Although the proposed program based budget system is novel for modern Russia, it has its foundations in the existing practice of public program development and implementation in Russia. Analysis of this practice demonstrates the limitations of the existing system highlighting the lack of economic analysis at the earlier stages of public program development. It reveals the potential for improvement in the program planning and budgeting system in the region and country.The objective of this research is to develop recommendations for the integration of specific tools for economic analysis which would address the current problems of program planning and budgeting in Russian regions within the constraints of evolving institutional arrangements. This requires identifying, developing and adapting economic evaluation and modelling techniques as well as applying them to a specific public program before they can be recommended for implementation.Russia is frequently referred to as a country with enormous energy efficiency and green energy prospective. The potential for energy efficiency improvement is estimated to be 45% of primary

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The Effects of a Sudden CO2 Reduction in Spain

Cited by 5 publications

References 20 publications

Technical and Economic Aspects of Carbon Capture an Storage — A Review

Technical and Economic Aspects of Carbon Capture an Storage — A Review

El control de las emisiones de gases de efecto invernadero en España: costes para los sectores agrarios

Development of tools for economic analysis for public sector programs in Russia: A case study of the energy efficiency program in Moscow

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