Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures

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dc.contributor.author
Vogt-Schilb, Adrien
en_US
dc.contributor.author
Hallegatte, Stéphane
en_US
dc.date.accessioned
2013-12-12T17:27:17Z
en_US
dc.date.available
2013-12-12T17:27:17Z
en_US
dc.date.issued
2013-12-04
en_US
dc.identifier.citation
Energy Policy
en_US
dc.identifier.issn
0301-4215
en_US
dc.identifier.uri
http://hdl.handle.net/10986/16379
en_US
dc.description.abstract
Decision makers facing abatement targets need to decide which abatement measures to implement, and in which order. Measure-explicit marginal abatement cost curves depict the cost and abating potential of available mitigation options. Using a simple intertemporal optimization model, we demonstrate why this information is not sufficient to design emission reduction strategies. Because the measures required to achieve ambitious emission reductions cannot be implemented overnight, the optimal strategy to reach a short-term target depends on longer-term targets. For instance, the best strategy to achieve European's −20% by 2020 target may be to implement some expensive, high-potential, and long-to-implement options required to meet the −75% by 2050 target. Using just the cheapest abatement options to reach the 2020 target can create a carbon-intensive lock-in and make the 2050 target too expensive to reach. Designing mitigation policies requires information on the speed at which various measures to curb greenhouse gas emissions can be implemented, in addition to the information on the costs and potential of such measures provided by marginal abatement cost curves.
en_US
dc.language.iso
en_US
en_US
dc.publisher
Elsevier
en_US
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
en_US
dc.rights
Attribution-NonCommercial-NoDerivs 3.0 IGO
en_US
dc.rights.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
en_US
dc.subject
climate change mitigation
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dc.subject
dynamic efficiency
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dc.subject
sectoral policies
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dc.subject
Marginal Abatement Cost Curves
en_US
dc.subject
MACC
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dc.subject
emission reduction
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dc.subject
carbon pricing
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dc.title
Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
en_US
dc.type
Journal Article
en_US
okr.volume
66
en_US
okr.date.disclosure
2015-11-25
en_US
okr.topic
Environment :: Carbon Policy and Trading
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okr.topic
Environment :: Climate Change Mitigation and Green House Gases
en_US
okr.topic
Environment :: Environmental Economics & Policies
en_US
okr.unit
Sustainable Development Network
en_US
okr.doctype
Publications & Research :: Journal Article
en_US
okr.doctype
Publications & Research
en_US
dc.rights.holder
World Bank
en_US
okr.peerreview
Academic Peer Review
en_US
okr.relation.associatedurl
http://www.sciencedirect.com/science/article/pii/S030142151301152X
en_US
okr.externalcontent
External Content
en_US
okr.journal.nbpages
645-653
en_US
okr.globalpractice
Environment and Natural Resources
en_US
okr.crosscuttingsolutionarea
Climate Change
en_US
okr.googlescholar.linkpresent
yes

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