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Analysis of Carbon Emission Stabilization Targets and Adaptation by Integrated Assessment Model

Abstract:
This paper proposes a new framework for integrated assessment model's of global environmental issues, including energy, climate, land use, macroeconomics, and environmental impacts. We conducted simulations on carbon emission stabilization in regions specified at the Third Conference of the Parties to the United Nations Framework Conventions on Climate Change (UNFCCC/COP3). Adaptation strategies including technology choice, conservation and carbon emission certificate trade are evaluated. We find that carbon certificate trade is potentially effective in averaging relative impact in macroeconomic activity.

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Energy Specializations: Energy Modeling – Other; Energy and the Environment – Climate Change and Greenhouse Gases; Energy and the Environment – Policy and Regulation

JEL Codes: Q54: Climate; Natural Disasters and Their Management; Global Warming, Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, Q24: Renewable Resources and Conservation: Land, Q35: Hydrocarbon Resources, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, Q31: Nonrenewable Resources and Conservation: Demand and Supply; Prices

Keywords: Kyoto protocol, UNFCC, Emission trading, integrated assessment model, GRAPE model

DOI: 10.5547/ISSN0195-6574-EJ-Vol20-NoSI-7


Published in Volume 20, Special Issue - The Cost of the Kyoto Protocol: A Multi-Model Evaluation of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.