A Quantitative Assessment of the Implications of Including non-CO2 Emissions in the European ETS

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dc.creatorOrecchia, Carlo
dc.creatorParrado, Ramiro
dc.date2017-04-01T14:23:18Z
dc.date.accessioned2026-07-09T07:40:37Z
dc.descriptionAlthough CO2 emissions stand for most of greenhouse gas (GHG) emissions, the contribution of mitigation efforts based on non-CO2 emissions is still a field that needs to be explored more thoroughly. Extending abatement opportunities to non-CO2 could reduce overall mitigation costs but it could also exert a negative pressure on agricultural output. This paper offers insights about the first effect while provides a preliminary discussion for the second. We investigate the role of non-CO2 GHGs in climate change mitigation in Europe using a computable general equilibrium (CGE) model. We develop a specific modelling framework extending the model with non-CO2 GHGs as an additional mitigation alternative. These modifications allow us to analyse the implications for the European Union (EU) of including non-CO2 GHG emissions in its cap and trade system. We distinguish two targets on all GHG emissions for 2020, a reduction by 20% and 30% with respect to 1990 levels. Within each reduction cap, we consider two mitigation opportunities by means of a carbon tax levied on: 1) CO2 emissions only, and 2) All GHGs emissions (both CO2 and non-CO2 GHG). Results show that a multi-gas mitigation policy would slightly decrease policy costs compared to the CO2 only alternative.
dc.identifierdoi:10.22004/ag.econ.162416
dc.identifierhttps://ageconsearch.umn.edu/record/162416/files/NDL2013-100.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/162416
dc.identifier.urihttp://hdl.handle.net/123456789/590956
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/162416
dc.titleA Quantitative Assessment of the Implications of Including non-CO2 Emissions in the European ETS
dc.typeText

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