How Inertia and Limited Potentials Affect the Timing of Sectoral Abatements in Optimal Climate Policy

Vista sencilla de ítem
dc.creatorMeunier, Guy
dc.creatorVogt-Schilb, Adrien
dc.creatorHallegatte, Stephane
dc.date2012-12-21T18:58:41Z
dc.date2012-12-21T18:58:41Z
dc.date2012-08
dc.date.accessioned2026-07-01T01:02:22Z
dc.descriptionThis paper investigates the optimal timing of greenhouse gas abatement efforts in a multi-sectoral model with economic inertia, each sector having a limited abatement potential. It defines economic inertia as the conjunction of technical inertia -- a social planner chooses investment on persistent abating activities, as opposed to choosing abatement at each time period independently -- and increasing marginal investment costs in abating activities. It shows that in the presence of economic inertia, optimal abatement efforts (in dollars per ton) are bell-shaped and trigger a transition toward a low-carbon economy. The authors prove that optimal marginal abatement costs should differ across sectors: they depend on the global carbon price, but also on sector-specific shadow costs of the sectoral abatement potential. The paper discusses the impact of the convexity of abatement investment costs: more rigid sectors are represented with more convex cost functions and should invest more in early abatement. The conclusion is that overlapping mitigation policies should not be discarded based on the argument that they set different marginal costs (`"different carbon prices"') in different sectors.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2012/08/16563648/inertia-limited-potentials-affect-timing-sectoral-abatements-optimal-climate-policy
dc.identifierhttps://hdl.handle.net/10986/11991
dc.identifierhttps://doi.org/10.1596/1813-9450-6154
dc.identifier.urihttp://hdl.handle.net/123456789/414544
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research working paper;no. WPS 6154
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectABATEMENT
dc.subjectABATEMENT COSTS
dc.subjectABATEMENT POTENTIAL
dc.subjectABATEMENT STRATEGIES
dc.subjectAMOUNT OF ABATEMENT
dc.subjectANNUAL EMISSIONS
dc.subjectAUTOMOBILE
dc.subjectBASELINE EMISSIONS
dc.subjectCAPITAL STOCKS
dc.subjectCARBON BUDGET
dc.subjectCARBON ECONOMY
dc.subjectCARBON EMISSIONS
dc.subjectCARBON PRICE
dc.subjectCARBON PRICES
dc.subjectCARBON TAXES
dc.subjectCARBON TECHNOLOGIES
dc.subjectCARS
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectCLIMATE CHANGE PROBLEM
dc.subjectCLIMATE POLICIES
dc.subjectCLIMATE POLICY
dc.subjectCLIMATIC CHANGE
dc.subjectCO
dc.subjectCO2
dc.subjectCOAL
dc.subjectCOST ESTIMATES
dc.subjectCOST OF CARBON
dc.subjectCOSTS OF ABATEMENT
dc.subjectCUMULATIVE EMISSIONS
dc.subjectDISCOUNT FACTOR
dc.subjectDISCOUNT RATE
dc.subjectECOLOGICAL ECONOMICS
dc.subjectECONOMIC COSTS
dc.subjectECONOMIC SECTORS
dc.subjectECONOMIC THEORY
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectELECTRICITY PRODUCTION
dc.subjectEMISSION
dc.subjectEMISSION ABATEMENT
dc.subjectEMISSION REDUCTIONS
dc.subjectEMISSIONS
dc.subjectEMISSIONS PATHWAYS
dc.subjectEMISSIONS SCENARIOS
dc.subjectENERGY BUILDINGS
dc.subjectENERGY ECONOMICS
dc.subjectENERGY POLICY
dc.subjectENERGY SAVINGS
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectENVIRONMENTAL POLICY
dc.subjectEXTERNALITIES
dc.subjectFORESTRY
dc.subjectGHG
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS ABATEMENT
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GASES
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectIPCC
dc.subjectLAND-USE PLANNING
dc.subjectLOW CARBON TECHNOLOGIES
dc.subjectLOW-CARBON
dc.subjectMARGINAL ABATEMENT
dc.subjectMARGINAL ABATEMENT COST
dc.subjectMARGINAL COST
dc.subjectMARGINAL PRICE
dc.subjectMARKET FAILURES
dc.subjectMOBILITY
dc.subjectPORTFOLIO
dc.subjectPOWER SECTOR
dc.subjectPRESENT VALUE
dc.subjectPRICE SIGNAL
dc.subjectRENEWABLE ENERGY
dc.subjectRESOURCE ECONOMICS
dc.subjectSCENARIOS
dc.subjectSOCIAL COST OF CARBON
dc.subjectSUBSTITUTION
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX
dc.subjectTEMPERATURE
dc.subjectTOTAL ABATEMENT COST
dc.subjectTOTAL COST
dc.subjectTOTAL COSTS
dc.subjectTRANSPORT
dc.subjectTRANSPORT SECTOR
dc.subjectVEHICLE
dc.subjectVEHICLES
dc.subjectWASTE
dc.titleHow Inertia and Limited Potentials Affect the Timing of Sectoral Abatements in Optimal Climate Policy

Archivos

Colecciones

AgroKnow