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Economic modelling of climate change and energy policies.


Economic modelling of climate change and energy policies.

Atlantic Workshop on Energy and Environmental Economics (1st: 2004).

Edward Elgar Publishing


218 pages



New horizons in environmental economics series


Combining empirical and theoretical contributions, 13 papers review different aspects of the definition and design of public environmental and energy policies. The editors (all of the U. de Vigo, Spain) first present discussions of fundamentals, including the relationship between growth and markets, and basic aspects of pollution markets. The next five papers explore the European Union's Emission Trading System and include a review of the system's economic performance using a computable general equilibrium model of the world economy, discussion of how the differing reduction requirements may impact the climate policy and compliance cost of member states, assessment of the effects of a prospective sudden and intense CO2 reduction by the Spanish economy, and presentation of a method for the verification of firm data within the EU system. Remaining papers are devoted to specific advanced issues, including induced technological change and slow energy capital stock turnover in an optimal CO2 abatement model, indeterminancy and optimal environmental public policies in an endogenous growth model, energy-saving technological process in a vintage capital model, and oil shocks and the business cycle in Europe.

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Publication:SciTech Book News
Article Type:Book review
Date:Dec 1, 2006
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