Journal Article

Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Vogt-Schilb, Adrien
dc.contributor.author
Hallegatte, Stéphane
dc.date.accessioned
2013-12-12T17:27:17Z
dc.date.available
2013-12-12T17:27:17Z
dc.date.issued
2013-12-04
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
dc.identifier.citation
Energy Policy
dc.identifier.issn
0301-4215
dc.identifier.uri
http://hdl.handle.net/10986/16379
dc.language.iso
en_US
dc.publisher
Elsevier
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights
CC BY-NC-ND 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject
climate change mitigation
dc.subject
dynamic efficiency
dc.subject
sectoral policies
dc.subject
Marginal Abatement Cost Curves
dc.subject
MACC
dc.subject
emission reduction
dc.subject
carbon pricing
dc.title
Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
en
dc.type
Journal Article
en
okr.crosscuttingsolutionarea
Climate Change
okr.date.disclosure
2015-11-25
okr.doctype
Publications & Research :: Journal Article
okr.doctype
Publications & Research
okr.externalcontent
External Content
okr.globalpractice
Environment and Natural Resources
okr.googlescholar.linkpresent
yes
okr.journal.nbpages
645-653
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.relation.associatedurl
http://www.sciencedirect.com/science/article/pii/S030142151301152X
okr.topic
Environment :: Carbon Policy and Trading
okr.topic
Environment :: Climate Change Mitigation and Green House Gases
okr.topic
Environment :: Environmental Economics & Policies
okr.unit
Sustainable Development Network
okr.volume
66

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