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Title:
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Options for tackling climate change. A social cost-benefit analysis of GHG emissions reduction strategies
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Author(s):
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Egenhofer, C.; Jansen, J.C.; Bakker, S.J.A.; Jussila Hammes, J.
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Published by:
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Publication date:
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ECN
Policy Studies
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9-11-2006
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ECN report number:
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Document type:
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ECN-B--07-001
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Book
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Number of pages:
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Full text:
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164
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Download PDF
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Published in: Revisiting EU policy options for tackling climate change, 1, 146, 978-92-9079-631-2, CEPS.
Abstract:
There is a growing consensus that climate change is a serious and
long-term challenge with potentially irreversible consequences. The
world has agreed in the United Nation Framework Convention on Climate Change (UNFCCC) to stabilise greenhouse gas (GHG) concentrations
in the atmosphere at a level that prevents dangerous climate change.
Given the scale of the challenge, i.e. reductions of greenhouse gas emissions in industrialised countries by 80 or 90% from today’s level by the end of the century, carefully designed policies are in order that attempt to identify the most cost-effective approaches from a societal perspective. Current designs of both national and international climate change policies today, however, tend to rest on a narrow application of social costbenefit analysis with an emphasis on short-term efficiency of resource allocation.
In contrast, this exploratory study sets out to integrate, from a societal
perspective, long-term impacts of climate policy measures in the costbenefit
analysis. This is done on the basis of a literature review, combined
with some own calculations. The numerical application of the proposed
analytical framework focuses on ten technical measures in three different
sectors: energy and industry, transport and buildings.
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