Impact of uncertain CCS deployment on EU climate negotiations
نویسندگان
چکیده
In this paper we propose a stochastic non-cooperative meta-game approach to assess the role of uncertain CCS deployment on climate agreements among 28 European countries. The game model is identified through statistical emulation of a large set of numerical simulations performed with the computable general equilibrium model GEMINI-E3. In this game the players are the 28 European countries, the payoffs are related to the welfare losses due to abatements and the strategies correspond to the supply of emission rights on the European carbon market. The paper then analyzes the potential contribution of the penetration of Carbon Capture and Storage (CCS) technologies to European CO2 abatements and the impact of CCS uncertainty pertaining to the rate of penetration of CCS technologies and to their cost on the design of burden sharing agreements.
منابع مشابه
Balancing climate change mitigation and environmental protection interests in the EU Directive on carbon capture and storage
The EU Climate and Energy Package highlights the potential contradictions between the climate change imperative of reducing GHGs emissions and the importance to maintain environmental integrity. While the package supports climate change mainstreaming, it remains to be seen to what extent it succeeds in achieving internal environmental integration between climate change mitigation and other envi...
متن کاملMultilateralism after the Failure of the DDR and Climate Change Negotiations
This paper examines the two most important current efforts to devise new rules binding all nations the negotiations in the WTO of trade rules and the negotiations under the UN Framework Convention on Climate Change to devise rules restricting the annual emissions of greenhouse gases. Both negotiations have failed after several years of intensive effort. There are remarkable parallels in these ...
متن کاملHot air in Kyoto, cold air in The Hague—the failure of global climate negotiations
Why did the climate negotiations in The Hague fail? Our contribution is to argue that the conflict between the European Union (EU) and the United States (US) stems mainly from disagreement on the cost issue. We argue that the three main concerns promoted by the EU in The Hague. First, a 50% national emission ceiling (the supplementarity principle), second the use of carbon sinks, and third an i...
متن کاملBeyond accession conditionality and negotiations: Privatization, trade dynamics and the political economy of early post-communist economic transition
Although the impact of the EU on the economic transformation of Central and Eastern Europe (CEE) is undisputed, contemporary causal explanations focus primarily on the impact of accession negotiations and conditionality on CEE transformation and, as such, are limited to the post-1997 period. This poses a challenging empirical puzzle, because, in terms of their pace of transition, the CEECs dist...
متن کاملThe current state of CCS : Ongoing research at the University of Cambridge with application to the UK policy framework
The Earth's climate is changing and the release of carbon dioxide (CO2) is recognised as the principal cause. To meet legally binding targets, UK GHG emissions need to be cut by at least 80% of the 1990 levels by 2050. With an increase in future fossil fuel use, Carbon Capture and Storage (CCS) is the only method of meeting these targets. Some key challenges face the deployment of CCS including...
متن کامل