January 26, 2011

The economic impact of climate change and of climate mitigation policies in Mediterranean and MENA countries

"For fossil-fuels exporting countries the economic cost of climate mitigation might be much higher than the economic cost of climate change impacts."

This is the key message of the presentation "The economic impact of climate change and of climate mitigation policies in Mediterranean and MENA countries" that I gave on January 25 at the meeting "Climate change in the Mediterranean: The importance of international cooperation and a solid research basis" at the European Parliament in Brussels.

The meeting was organized by the "Mediterranean" subgroup of the "Climate Change, Biodiversity and Sustainable Development", chaired by MEP Theodoros Skylakakis.

The presentation was based on a recently published working paper (joint with Fabio Sferra) and on on-going work with Elena Ricci.

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January 19, 2011

International Climate Change Negotiations: Lessons from Theory

New book chapter written with Carlo Carraro on the theory of climate change negotiations, published in:

Climate Change Policies - Global Challenges and Future Prospects

Edited by Emilio Cerdá, Professor of Economics, Complutense University, Spain and Xavier Labandeira, Professor of Economics, University of Vigo, Spain.

For an look at the Table of Contents click here.

Content: Climate Change Policies sheds light on the foundations, design and effects of climate change policies. Written by leading international experts in the field, this book deals with the various economic effects from climate change policies introduced at national and international levels. It also expertly describes actual applications of climate change policies in the main emitting countries. This insightful study includes chapters on public policies and climate change impacts, adaptation, mitigation, effects on competitiveness, new technologies, distributional concerns, and the international dimension.

Contributors: F.J. André, A. Ansuategi, V. Arroyo, C. Carraro, E. Cerdá, J.C. Ciscar, P. Del Río, O. Edenhofer, I. Galarraga, C.A. Grainger, M. Hanemann, B. Knopf, C.D. Kolstad, X. Labandeira, P. Linares, M.L. Loureiro, G. Luderer, A. Markandya, E. Massetti, A. Michaelowa, D. Paci, N. Padrón, P. Quirion, B. Saveyn, A. Soria, G.C. Unruh, L. Vergano, Z. Zhang

January 06, 2011

Energy and Climate Change in China

On November the 30th I presented joint work with Carlo Carraro on energy and climate change issues in China at the workshop on China's Economy organized by the Bank of Italy.


The paper examines future energy and emissions scenarios in China, presenting historical data and scenarios generated using the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with four scenarios in which Greenhouse Gases emissions are taxed, at different levels. Key insights are provided to evaluate the Chinese pledge to reduce the emissions intensity of Gross Domestic Product by 40/45 percent in 2020 contained in the Copenhagen Accord. Marginal and total abatement costs are discussed using the OECD economies as a term of comparison. Cost estimates for different emissions reduction targets are used to assess the political feasibility of the 50 percent global reduction target set by the G8 and Major Economies Forum in July 2009.

C. Carraro and E. Massetti (2010). "Energy and Climate Change in China." Fondazione Eni Enrico Mattei, mimeo, December 2010.

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