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Marginal abatement costs of greenhouse gas emissions: A meta-analysis

journal contribution
posted on 2023-06-08, 11:05 authored by Onno Kuik, Luke Brander, Richard TolRichard Tol
In this paper, we carry out a meta-analysis of recent studies into the costs of greenhouse gas mitigation policies that aim at the long-term stabilisation of these gases in the atmosphere. We find the cost estimates of the studies to be sensitive to the stringency of the stabilisation target, the assumed emissions baseline, the way in which the time profile of emissions is determined in the model, the choice of control variable (CO2 only versus multigas), the number of regions and energy sources in the model and, to a lesser degree, the scientific "forum" in which the study was developed. We find that marginal abatement costs of the stringent long-term targets that are currently considered by the European Commission are still very uncertain but might exceed the costs that have been suggested by recent policy assessments.

History

Publication status

  • Published

Journal

Energy Policy

ISSN

0301-4215

Publisher

Elsevier

Issue

4

Volume

37

Page range

1395-1403

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-04-18

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