Arbeitspapier
Mitigation Strategies and Costs of Climate Protection: The effects of ETC in the hybrid Model MIND
MIND is a hybrid model incorporating several energy related sectors in an endogenous growth model of the world economy. This model structure allows a better understanding of the linkages between the energy sectors and the macro-economic environment. We perform a sensitivity analysis and parameter studies to improve the understanding of the economic mechanisms underlying opportunity costs and the optimal mix of mitigation options. Parameters representing technological change that permeates the entire economy have a strong impact on both the opportunity costs of climate protection and on the optimal mitigation strategies, e.g. parameters in the macro-economic environment and in the extraction sector. Sector-specific energy technology parameters change the portfolio of mitigation options but have only modest effects on opportunity costs, e.g. learning rate of the renewable energy technologies. We conclude that feedback loops between the macro-economy and the energy sectors are crucial for the determination of opportunity costs and mitigation strategies.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 150.2005
- Klassifikation
-
Wirtschaft
One, Two, and Multisector Growth Models
Energy: General
Energy and the Macroeconomy
Environmental Economics: Technological Innovation
Optimization Techniques; Programming Models; Dynamic Analysis
- Thema
-
Endogenous technological change
Climate change mitigation costs
Integrated assessment
Growth model
Energy sector
Integrated assessment
Neue Wachstumstheorie
Endogener technischer Fortschritt
Energiewirtschaft
Klimaschutz
Opportunitätskosten
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lessmann, Kai
Edenhofer, Ottmar
Bauer, Nico
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lessmann, Kai
- Edenhofer, Ottmar
- Bauer, Nico
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2005
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